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Questions › UoH › UoH 2017 › Q28
1 mark, −0.33Statistics › Index numbers and time-series basics › Constructing price indicesModerateabout 2 min

UoH 2017 Question 28: Index numbers and time-series basics

Consider three consumer goods: A, B, and C. 100 units of each them are purchased at a price of Rs.1 in the base year. If the current year price of Good A is Rs.3, Good B's is Rs.5, and Good C's Rs.10, then the Consumer Price Index (CPI) for the current year is:

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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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