Measure the change in quantity of goods are called ________________?
Correct answer: D. Quantity Index Number
- A. Simple 1. No.
- B. Aggregative 1. No.
- C. Appropriate
- D. Quantity Index Number
Explanation
A quantity index number measures changes in the physical quantities of goods, such as units produced or sold. A price index instead measures changes in prices, so the quantity-based option is appropriate.
Last updated
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.
Exams that ask Statistics questions like this
Statistics is on this paper prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for it.
Related questions
1. Nos. is a ____ for measuring changes in a variable or a group of related variables?
A scaling factor is used to_________________?
A simple aggregate price index_____________?
A time series is an arrangement of data according to __________________?
All Index numbers are not suitable for all _________________?