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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?
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.
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?
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
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
Why do we need an index number?
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?
wat does consumer price from industrial worker measures????
In most of the weighted index numbers the weight pertains to
(i) base year
(ii) current year
(iii) both base and current year
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
Try to list the important items of consumption in your family.
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?
An enquiry into the budgets of the middle class families in a certain city gave the following information;
Expenses on items
Price (in Rs) in 2004
Price (in Rs) in 1995
What is the cost of living index of 2004 as compared with 1995?
In general, inflation is calculated by using
(i) wholesale price index
(ii) consumer price index
(iii) producers’ price index
The monthly per capita expenditure incurred by workers for an industrial centre during 1980 and 2005 on the following items are given below. The weights of these items are 75, 10, 5, 6 and 4 respectively. Prepare a weighted index number for cost of living for 2005 with 1980 as the base.
Price in 1980
Price in 2005
Fuel and Lighting
what does index number mean?
The item having the highest weight in consumer price index for industrial workers is
Given the following data:
CPI of Industrial
(1982 = 100)
CPI of Urban
(1984-85 = 100)
CPI of Agricultural
(1986-87 = 100)
(1993-94 = 100)
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
Weight (in %)
1996 – 97
2003 – 2004
Mining and Quarrying
why lasperes index number is not called as ideal
why lasperys and paasches index numbers are not an ideal method
Discuss the general method of constructing Index number ?
Please answer this question quickly
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
The impact of change in the price of a commodity with little weight in the index will be
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