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Questions › JNU › JNU SSS 2013 › Q33
1 mark, −0.25Statistics › Index numbers and time-series basics › Constructing price indicesModerateabout 1 min

JNU SSS 2013 Question 33: Index numbers and time-series basics

Fuel and power have a weight of 15 percent in India’s official wholesale price index. If there is a 20 percent increase in the price index for the fuel and power subgroup, then contribution this would make to inflation measured by the WPI would be

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Index numbers and time-series basics has come up 25 times in 6 exams since 2006.

What this question tests

This question is on Constructing price indices, part of Index numbers and time-series basics in Statistics.

Building an index from prices and quantities with different weighting schemes.

TestStop has 15 past-paper questions on this subtopic.

Practise Index numbers and time-series basicsMore on Constructing price indices

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