An Index Number calculated for more than one items is called ___________?
Correct answer: C. Simple Aggregation 1. Number
- A. Sensitive Price Index number
- B. Consumer Index Number
- C. Simple Aggregation 1. Number
- D. Chain Indices
Explanation
An index covering several items is an aggregate or composite index; the listed option refers to a simple aggregative index number. A consumer price index is a particular type of composite index, not the general definition asked here.
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