Index

Front

Which of the following is a limitation of index numbers?
Options:
They are easy to calculate,
They are based on a representative sample,
They are affected by changes in quality and taste,
They are not affected by changes in the base year

Back

They are affected by changes in quality and taste

Front

Which index number is considered the most accurate? Laspeyres Index, Paasche Index, Fisher's Ideal Index, Marshall edgeworth index

Back

Fisher's Ideal Index

Front

What is an index number?

Back

A statistical measure that expresses the relative change in the value of a variable over time

Front

Which index number is used to measure the change in the general price level of an economy? Consumer price index, Wholesale price index, GDP DEFLATOR, All of the above

Back

All of the above