Moderate

Single number which shows ___________ changes in a phenomenon is called an Index Number?

Correct answer: A. Overall

  • A. Overall
  • B. Same
  • C. Variation
  • D. Capable

Explanation

An index number condenses the overall change in one or more related variables into a single figure, usually relative to a base period. The other choices do not describe this summarising purpose.

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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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