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why is fisher's index number called an ideal index number?
index nos. are economic barometers .explain.(6 marks)
what is a index number?limitation of index number?
What is the difference between a price index and a quantity index?
How to prepare a project on Demographic Structures of an area or locality?
Briefly explain the problems in construction of index number
The consumer price index for June, 2005 was 125. The food index was 120 and that of other items 135. What is the percentage of the total weight given to food?
What does a consumer price index for industrial workers measure?
What are the desirable properties of the base period?
Why do we need an index number?
Calculate Index number by Family Budget Method from the following.
What is the difference between price index and quantity index no.?
what is the properties of base period?
A consumer price index measures changes in
(i) retail prices
(ii) wholesale prices
(iii) producers prices
If the salary of a person in the base year is Rs 4,000 per annum and the current year salary is Rs 6,000, by how much should his salary rise to maintain the same standard of living if the CPI is 400?
In most of the weighted index numbers the weight pertains to
(i) base year
(ii) current year
(iii) both base and current year
wat does consumer price from industrial worker measures????
An index number which accounts for the relative importance of the items is known as
(i) weighted index
(ii) simple aggregative index
(iii) simple average of relatives
suppose you are a marketing manager in a company and recently you have put up advertisements about your consumer product. prepare a report on the effect of advertisements on the sale of your product.
write down the formula of constructing index no.using laspeyers method.name widely used in index numbers??
plse solv Q 9 nd Q 7 of saraswati statistics book pg.207
An enquiry into the budgets of the middle class families in a certain city gave the following information;
Expenses on items
Food
Fuel
Clothing
Rent
Misc.
35%
10%
20%
15%
Price (in Rs) in 2004
1500
250
750
300
400
Price (in Rs) in 1995
1400
200
500
What is the cost of living index of 2004 as compared with 1995?
In statistics(eco) class 11, I have a doubt in the chapter index numbers. In Q18 of the ncert exercises, why is the sum of the weights considered to be 100?
In general, inflation is calculated by using
(i) wholesale price index
(ii) consumer price index
(iii) producers’ price index
The item having the highest weight in consumer price index for industrial workers is
(i) Food
(ii) Housing
(iii) Clothing
what does index number mean?
Given the following data:
Year
CPI of Industrial
Workers
(1982 = 100)
CPI of Urban
Non-manual
Employees
(1984-85 = 100)
CPI of Agricultural
Labourers
(1986-87 = 100)
WPI
(1993-94 = 100)
1995–96
313
257
234
121.6
1996–97
342
283
256
127.2
1997–98
366
302
264
132.8
1998–99
414
337
293
140.7
1999–00
428
352
306
145.3
2000–01
444
155.7
2001–02
463
390
309
161.3
2002–03
482
405
319
166.8
2003–04
420
331
175.9
Source: Economic Survey, Government of India 2004-2005
(i) Calculate the inflation rates using different index numbers.
(ii) Comment on the relative values of the index numbers.
(iii) Are they comparable?
Why is it essential to have different CPI for different categories of consumers?
questions of vk ohri
Can the CPI number for urban non-manual employees represent the changes in the cost of living of the President of India?
how to calculate WPI ?
how to calculate rate of inflation?
Read the following table carefully and give your comments.
INDEX OF INDUSTRIAL PRODUCTION BASE 1993 – 94
Industry
Weight (in %)
1996 – 97
2003 – 2004
General Index
Mining and Quarrying
Manufacturing
Electricity
100
10.73
79.58
10.69
130.8
118.2
133.6
122.0
189.0
146.9
196.6
172.6
why lasperes index number is not called as ideal
Record the daily expenditure, quantities bought and prices paid per unit of the daily purchases of your family for two weeks. How has the price change affected your family?
why lasperys and paasches index numbers are not an ideal method
money wages
what is anoher name of base year ?
Construct index no. using all the 3 methods of Weighted Aggregative Method, i.e. Laspeyre's method, Paasche's method, Fisher's method.
Items Base yr quantity Base yr price Current yr quantity Current yr price
A 6 10 8 12
B 4 15 5 20
C 5 8 3 16
D 3 9 6 1
E.g: 9876543210, 01112345678
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Syllabus
why is fisher's index number called an ideal index number?
index nos. are economic barometers .explain.(6 marks)
Goods A B C D
2004 Price (₹) 8 10 15 20
2016 Price (₹) 10 12 18 22
2017 Price (₹) 12 14 20 25
what is a index number?limitation of index number?
What is the difference between a price index and a quantity index?
How to prepare a project on Demographic Structures of an area or locality?
Briefly explain the problems in construction of index number
YEAR ARTICLE A ARTICLE B ARTICLE C
1975 PRICE QUANTITY PRICE QUANTITY PRICE QUANTITY
1982 16 4 4 4 2 2
30 3.5 14 1.5 6 2.5
The consumer price index for June, 2005 was 125. The food index was 120 and that of other items 135. What is the percentage of the total weight given to food?
COMMODITY QUANTITIES PRICES
2008 2010 2008 2010
A 10 16 20 20
B 9 7 25 30
C 20 24 40 40
What does a consumer price index for industrial workers measure?
What are the desirable properties of the base period?
(i) Aggregative Expenditure Method, and
(ii) Family Budget Method .Is there any difference between the two results?
Why do we need an index number?
Calculate Index number by Family Budget Method from the following.
What is the difference between price index and quantity index no.?
what is the properties of base period?
year 2017 from the following data:
A consumer price index measures changes in
(i) retail prices
(ii) wholesale prices
(iii) producers prices
If the salary of a person in the base year is Rs 4,000 per annum and the current year salary is Rs 6,000, by how much should his salary rise to maintain the same standard of living if the CPI is 400?
In most of the weighted index numbers the weight pertains to
(i) base year
(ii) current year
(iii) both base and current year
wat does consumer price from industrial worker measures????
An index number which accounts for the relative importance of the items is known as
(i) weighted index
(ii) simple aggregative index
(iii) simple average of relatives
b) what are the importances of consumer price index ?
suppose you are a marketing manager in a company and recently you have put up advertisements about your consumer product. prepare a report on the effect of advertisements on the sale of your product.
Experts can you pls provide me the solution
write down the formula of constructing index no.using laspeyers method.name widely used in index numbers??
plse solv Q 9 nd Q 7 of saraswati statistics book pg.207
An enquiry into the budgets of the middle class families in a certain city gave the following information;
Expenses on items
Food
Fuel
Clothing
Rent
Misc.
35%
10%
20%
15%
20%
Price (in Rs) in 2004
1500
250
750
300
400
Price (in Rs) in 1995
1400
200
500
200
250
What is the cost of living index of 2004 as compared with 1995?
In statistics(eco) class 11, I have a doubt in the chapter index numbers. In Q18 of the ncert exercises, why is the sum of the weights considered to be 100?
In general, inflation is calculated by using
(i) wholesale price index
(ii) consumer price index
(iii) producers’ price index
The item having the highest weight in consumer price index for industrial workers is
(i) Food
(ii) Housing
(iii) Clothing
what does index number mean?
Given the following data:
Year
CPI of Industrial
Workers
(1982 = 100)
CPI of Urban
Non-manual
Employees
(1984-85 = 100)
CPI of Agricultural
Labourers
(1986-87 = 100)
WPI
(1993-94 = 100)
1995–96
313
257
234
121.6
1996–97
342
283
256
127.2
1997–98
366
302
264
132.8
1998–99
414
337
293
140.7
1999–00
428
352
306
145.3
2000–01
444
352
306
155.7
2001–02
463
390
309
161.3
2002–03
482
405
319
166.8
2003–04
500
420
331
175.9
Source: Economic Survey, Government of India 2004-2005
(i) Calculate the inflation rates using different index numbers.
(ii) Comment on the relative values of the index numbers.
(iii) Are they comparable?
Why is it essential to have different CPI for different categories of consumers?
questions of vk ohri
Can the CPI number for urban non-manual employees represent the changes in the cost of living of the President of India?
how to calculate WPI ?
how to calculate rate of inflation?
Read the following table carefully and give your comments.
INDEX OF INDUSTRIAL PRODUCTION BASE 1993 – 94
Industry
Weight (in %)
1996 – 97
2003 – 2004
General Index
Mining and Quarrying
Manufacturing
Electricity
100
10.73
79.58
10.69
130.8
118.2
133.6
122.0
189.0
146.9
196.6
172.6
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?
why lasperes index number is not called as ideal
Record the daily expenditure, quantities bought and prices paid per unit of the daily purchases of your family for two weeks. How has the price change affected your family?
why lasperys and paasches index numbers are not an ideal method
money wages
what is anoher name of base year ?
Construct index no. using all the 3 methods of Weighted Aggregative Method, i.e. Laspeyre's method, Paasche's method, Fisher's method.
Items Base yr quantity Base yr price Current yr quantity Current yr price
A 6 10 8 12
B 4 15 5 20
C 5 8 3 16
D 3 9 6 1
1) which if the following developments can iccue in ecinomy due to deficit financing?
Rise in inflation
Decrease in public debt
Increase in money supply
Improvement in current account deficit
2)Which of the following cause decrease in supply?
Rediction in factor prices
Decrease in no. Of firms
Increase in price of competing product
All of these
3) consider three consumer goods 100 of good A,100 of good and 100 of good C.in the base year good A sold ar price of dollar 1 good B sold at price dollar 1 and c at price of dollar 1.in the current year good A at the price of dollar 3 good b sold at price of 5 dollrs and good c sold at price of dollar 10 the CPI for current year:
100,300,500,600
4) You plan to attend ncc camp for 2 months .if you do you won't be able to take your usual part time job that pays 10,000 for 2 months and ypu won't be able to live at home for free. The cost of ncc are living expenses 2000 costume 3000 and srudy material 1000.what is the marginal opporrunity cost?
5) what will be the value of capital when stock us 15000 and change in stock 5000?
6) As a result of increase in investment by rs 1000 crore national income increased by rs 5000 crore.then the value of MPC and MPS will be?