Question:
Consider the following statements :
A. Cost of living at two different cities can be compared with volume index.
B. When the prices of rice are to be compared we use price index.
C. In Laspeyre's price index number weight is considered as price in current year.
D. Purchasing power of money can be assessed through consumer price index.
E. Fisher Index number is called ideal index number.
Choose the correct answer from the options given below :
Consider the following statements :
A. Cost of living at two different cities can be compared with volume index.
B. When the prices of rice are to be compared we use price index.
C. In Laspeyre's price index number weight is considered as price in current year.
D. Purchasing power of money can be assessed through consumer price index.
E. Fisher Index number is called ideal index number.
Choose the correct answer from the options given below :
A. Cost of living at two different cities can be compared with volume index.
B. When the prices of rice are to be compared we use price index.
C. In Laspeyre's price index number weight is considered as price in current year.
D. Purchasing power of money can be assessed through consumer price index.
E. Fisher Index number is called ideal index number.
Choose the correct answer from the options given below :
Updated On: Jun 13, 2024
- A and B only
- B, D and E only
- A, B and C only
- C only
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The Correct Option is B
Solution and Explanation
The correct option is (B) :B, D and E only.
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