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Question
Choose the correct alternative:
Most commonly used index number is:
Options
Volume index number
Value index number
Price index number
Simple index number
Solution
Price index number
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Index number which is computed from a single variable called is a ______.
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| Base year quantities | 170 | 150 | 100 | 195 | 205 |
| Current year quantities | 90 | 70 | 75 | 150 | 95 |
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Index number measures changes in the price level only.
