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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
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?
what does index number mean?
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
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 lasperes index number is not called as ideal
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)
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?
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%
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
a. It is expressed in percentages
b. It measures the net or relative changes in variables
c. It measures changes over a period of time
d. All of the above
2. The index number for base year is always ___________.
a. 1000
b. 200
c. 100
d. None of the above
3. The time period for which an index number is determined is known as ________.
a. Base period
b. Normal period
c. Current period
d. None of the above
The item having the highest weight in consumer price index for industrial workers is
(i) Food
(ii) Housing
(iii) Clothing
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?
what does index number mean?
Why is it essential to have different CPI for different categories of consumers?
correct alternatives given below: (1.)
Assertion (A): An index number is a statistical device for measuring relative changes
in a large number of items.Reason (R): There are certain limitations of index numbers such as base period of the
Past may result in variation from actual results leading to wrong interpretation.
Alternatives:
a. Both Assertion (A) and Reason (R) are true and Reason (R) is the correct
explanation of Assertion (A)
b. Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct
explanation of Assertion (A)
c. Assertion (A) is true but Reason (R) is false.
d. Assertion (A) is false but Reason (R) is true
b) what are the importances of consumer price index ?
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
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 lasperes index number is not called as ideal