Q: In the revision notes of chapter -Index Numbers , under types of index numbers the formula for "Index Number of Industrial Production" is
IIP01=Total of (q1/q0) W * 100
Total of W
but what i have learnt is ,
IIP01= Total of q1 * W *100
Total of W
In textbook also, the 2nd equation is given SO WHICH IS CORRECT?
Dear Student,
As per CSO and NSSO, the correct formula for calculating Index Number of Industrial Production is the one which is given in our study material.
Keep Posting!!
As per CSO and NSSO, the correct formula for calculating Index Number of Industrial Production is the one which is given in our study material.
Keep Posting!!