The CPI has increased from 300 to 330 and money wages for agricultural labour have increased from Rs. 40 to Rs. 47 per day. Which of the following is necessarily true?
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1 mark, −0.33StatisticsIndex numbers and time-series basicsProperties and tests of index numbersModerateabout 1 min
UoH 2011 Question 96: Index numbers and time-series basics
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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 Properties and tests of index numbers, part of Index numbers and time-series basics in Statistics.
Checking an index against desirable properties and comparing the main indices.
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