Index number

Front

The Laspeyres index uses which of the following as weights? Current year quantities, Base year quantities, Current year prices, Base year prices

Back

Base year quantities

Front

What does a price index measures?

Back

The changes in the general price level over time

Front

Which of the following index number methods uses both base year and current year prices in its calculation? Laspeyres Index, Paasche Index, Fisher’s Ideal Index, Simple Price Index

Back

Fisher’s Ideal Index

Front

Calculate the simple price index for 2022 using 2020 as the base year, given the following data:
Items P(2020) P(2022)
Rice 20 25
Wheat 15 18
Sugar 10 12

Back

122.22

Front

Calculate the simple relative index for 2022 using 2020 as the base year, given the prices of Rice and Wheat:
Items P(2020) P(2022)
Rice 15 20
Wheat 20 25

Back

129

Front

Calculate the Laspeyres Index for 2022 using 2020 as the base year, given the prices and quantities of Rice and Wheat:
Items P(2020) P(2022) Q(2020)
Rice 15 20 100
Wheat 20 25 200

Back

127.27

Front

Calculate the Paasche Index for 2022 using 2020 as the base year, given the prices and quantities of Rice and Wheat:
Items P(2020) P(2022) Q(2020) Q(2022)
Rice 15 20 100 120
Wheat 20 25 200 180

Back

127.78

Front

What is the formula for the Marshall-Edgeworth index?

Back

(Σp1q0 + Σp1q1) / (Σp0q0 + Σp0q1)

Front

The price of a product was ₹80 in the base year and increased to ₹100 in the current year. Calculate the Price Index Number using the formula: Price Index=Current Year Price/Base Year Price × 100

Back

125

Front

Which index number is known as the "ideal index number"? Options: Laspeyres Index, Paasche Index, Fisher’s Index, Quantity index

Back

Fisher’s Index