Most commonly used index number is___________?
Correct answer: B. Price index number
- A. Quantity index number
- B. Price index number
- C. Value index number
- D. None of these
Explanation
Price index numbers are most widely used because they measure changes in the general price level and inflation. Quantity and value indices are useful, but they are less commonly used for this broad purpose.
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Practise Index Numbers and Time Series
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