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Question
In general, inflation is calculated by using ______
Options
wholesale price index
consumer price index
producers’ price index
MCQ
Fill in the Blanks
Solution
In general, inflation is calculated by using the Wholesale Price Index.
Explanation:
Wholesale Price Index measures the relative changes in the prices of the commodities traded in the wholesale markets. It assesses situations of overall demand and supply in the market. It focuses on the rate of inflation in the economy.
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Types of Index Number - Wholesale Price Index
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