All Index numbers are not suitable for all _________________?
Correct answer: C. Purpose
- A. Kind
- B. Chain relative
- C. Purpose
- D. Price
Explanation
An index number is designed for a particular objective, such as measuring prices, quantities or the cost of living, so no single index suits every purpose. This is why the purpose must be identified before selecting an index.
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Practise Index Numbers and Time Series
34 free Index Numbers and Time Series MCQs from Statistics, each with the correct answer and an explanation. Unlimited attempts, no account needed.
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