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प्रश्न
Distinguish between:
Simple Index Numbers and Weighted Index Numbers.
अंतर स्पष्ट करें
उत्तर
| Simple index numbers | Weighted index numbers | |
| 1) | Simple index numbers is a method of constructing an index number in which every commodity is given equal importance. | Weighted index numbers is a method of constructing an index number in which suitable weights are assigned to various commodities. |
| 2) | This method can be applied to determine the price index number, quantity index number, and value index number. | The method can be applied to determine price index numbers and the special-purpose index numbers. |
| 3) | It is the easiest method for constructing index numbers. | It is relatively complex as compared to simple index numbers. |
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संबंधित प्रश्न
Statements that apply to weighted index numbers.
- Every commodity is given equal importance.
- It assigns suitable 'weights' to various commodities.
- In most cases, quantities are used as weights.
- Laaspeyre's and Paasche's method is used in the calculation of weighted index numbers.
Choose the correct pair:
| Group A | Group B |
| 1) Price Index | a) `(∑"p"_1"q"_1)/(∑"p"_0"q"_0)xx100` |
| 2) Value Index | b) `(∑"q"_1)/(∑"q"_0)xx100` |
| 3) Quantity Index | c) `(∑"p"_1"q"_1)/(∑"p"_0"q"_1)xx100` |
| 4) Paasche's Index | d) `(∑"p"_1)/(∑"p"_0)xx100` |
Find the odd word out:
Types of Simple Index Number:
Statements that apply to weighted index numbers.
- Every commodity is given equal importance.
- It assigns suitable 'weights' to various commodities.
- In most of the cases, quantities are used as weights
- Laaspeyre's and Paasche's method is used in the calculation of weighted index numbers.
Statements that apply to weighted index numbers.
- Every commodity is given equal importance
- It assigns suitable 'weights' to various commodities.
- In most of the cases, quantities are used as weights.
- Laaspeyre's and Paasche's method is used in the calculation of weighted index numbers.
Statements that apply to weighted index numbers.
- Every commodity is given equal importance.
- It assigns suitable 'weights' to various commodities.
- In most of the cases, quantities are used as weights.
- Laaspeyre's and Paasche's method is used in the calculation of weighted index numbers.
Choose the correct option:
| Group A | Group B |
| 1) Price Index | a) `(sum"p"_1"q"_1)/(sum"p"_0"q"_0) × 100` |
| 2) Value Index | b) `(sum"q"_1)/(sum"q"_0) xx 100` |
| 3) Quantity Index | c) `(sum"p"_1"q"_1)/(sum"p"_0"q"_1) xx 100` |
| 4) Paasche's Index | d) `(sum"p"_1)/(sum"p"_0) xx 100` |
Statements that apply to weighted index numbers.
- Every commodity is given equal importance.
- It assigns suitable 'weights' to various commodities.
- In most of the cases, quantities are used as weights.
- Laaspeyre's and Paasche's method is used in the calculation of weighted index numbers.
What is the distinctive feature of Paasche's Index Number?
Explain the steps in constructing Paasche's Index Number.
Distinguish between:
Simple Index Number and Weighted Index Number
Statements that apply to weighted index numbers.
- Every commodity is given equal importance.
- It assigns suitable 'weights' to various commodities
- In most of the cases, quantities are used as weights.
- Laaspeyre's and Paasche's method is used in the calculation of weighted index numbers.
Statements that apply to weighted index numbers.
- Every commodity is given equal importance.
- It assigns suitable 'weights' to various commodities.
- In most of the cases, quantities are used as weights.
- Laaspeyre's and Paasche's method is used in the calculation of weighted index numbers.
Statements that apply to weighted index numbers.
- Every commodity is given equal importance.
- It assigns suitable 'weights' to various commodities.
- In most of the cases, quantities are used as weights.
- Laaspeyre's and Paasche's method is used in the calculation of weighted index numbers.
Statements that apply to weighted index numbers.
- Every commodity is given equal importance.
- It assigns suitable 'weights' to various commodities.
- In most of the cases, quantities are used as weights.
- Laaspeyre's and Paasche's method is used in the calculation of weighted index numbers.
Choose the correct pair:
| Group A | Group B | ||
| 1) | Price Index | a) | `(sump_1q_1)/(sump_0q_0)xx100` |
| 2) | Value Index | b) | `(sumq_1)/(sumq_0)xx100` |
| 3) | Quantity Index | c) | `(sump_1q_1)/(sump_0q_1)xx100` |
| 4) | Paasche's Index | d) | `(sump_1)/(sump_0)xx100` |
Statements that apply to weighted index numbers.
- Every commodity is given equal importance.
- It assigns suitable 'weights' to various commodities.
- In most of the cases, quantities are used as weights.
- Laaspeyre's and Paasche's method is used in the calculation of weighted index numbers.
Choose the correct pair:
| Group A | Group B | ||
| 1) | Price Index | a) | `(sum p_1q_1)/(sum p_0q_0) xx 100` |
| 2) | Value Index | b) | `(sum q_1)/(sum q_0) xx 100` |
| 3) | Quantity Index | c) | `(sum p_1q_1)/(sum p_0q_1) xx 100` |
| 4) | Paasche's Index | d) | `(sum p_1)/(sum p_0) xx 100` |
Statements that apply to weighted index numbers.
- Every commodity is given equal importance.
- It assigns suitable 'weights' to various commodities.
- In most of the cases, quantities are used as weights.
- Laaspeyre's and Paasche's method is used in the calculation of weighted index numbers.
Statements that apply to weighted index numbers.
- Every commodity is given equal importance
- It assigns suitable 'weights' to various commodities.
- In most of the cases, quantities are used as weights.
- Laaspeyre's and Paasche's method is used in the calculation of weighted index numbers.
Statements that apply to weighted index numbers.
- Every commodity is given equal importance.
- It assigns suitable 'weights' to various commodities.
- In most of the cases, quantities are used as weights.
- Laaspeyre's and Paasche's method is used in the calculation of weighted index numbers.
Choose the correct pair:
| Group A | Group B |
| 1) Price Index | a) `(∑"p"_1"q"_1)/(∑"p"_0"q"_0)xx100` |
| 2) Value Index | b) `(∑"q"_1)/(∑"q"_0)xx100` |
| 3) Quantity Index | c) `(∑"p"_1"q"_1)/(∑"p"_0"q"_1)xx100` |
| 4) Paasche's Index | d) `(∑"p"_1)/(∑"p"_0)xx100` |
Statements that apply to weighted index numbers.
- Every commodity is given equal importance.
- It assigns suitable 'weights' to various commodities.
- In most of the cases, quantities are used as weights.
- Laaspeyre's and Paasche's method is used in the calculation of weighted index numbers.
Statements that apply to weighted index numbers.
- Every commodity is given equal importance.
- It assigns suitable 'weights' to various commodities.
- In most of the cases, quantities are used as weights.
- Laaspeyre's and Paasche's method is used in the calculation of weighted index numbers.
Choose the correct pair:
| Group A | Group B | ||
| 1) | Price Index | a) | `(sump_1q_1)/(sump_0q_0) xx 100` |
| 2) | Value Index | b) | `(sumq_1)/(sumq0)xx100` |
| 3) | Quantity Index | c) | `(sump_1q_1)/(sump_0q_1)xx100` |
| 4) | Paasche's Index | d) | `(sump_1)/(sump_0)xx100` |
Statements that apply to weighted index numbers.
- Every commodity is given equal importance.
- It assigns suitable 'weights' to various commodities.
- In most of the cases, quantities are used as weights.
- Laaspeyre's and Paasche's method is used in the calculation of weighted index numbers.
Choose the correct pair:
| Group A | Group B |
| 1) Price Index | a) `(sump_1q_1)/(sump_0q_0) xx 100` |
| 2) Value Index | b) `(sumq_1)/(sumq_0) xx 100` |
| 3) Quantity Index | c) `(sump_1q_1)/(sump_0q_1) xx 100` |
| 4) Paasche's Index | d) `(sump_1)/(sump_0) xx 100` |
