Discussion
For measuring the change in the price level of the country, which among the following index numbers is used ?
Answer: D
Changes in the country's price level are measured by the Wholesale price index number.
The wholesale price index measures the average change in the prices of goods traded in bulk across the whole economy, covering primary articles, fuel and manufactured products, so it is used as a measure of the general price level and inflation.
A cost of living index measures the change in the cost of a particular group's consumption basket, such as industrial workers. A production index measures changes in output, not prices, and a security price index measures share prices.
No comment is present. Be the first to comment.
Loading…
Post your comment
Please log in or register to post a comment.
Examination Categories
- SSC Exams
- Banking Exams
- Teaching Exams
- Civil Services Exams
- Railways Exams
- Engineering Recruitment Exams
- Defence Exams
- State Government Exams
- Police Exams
- Insurance Exams
- Nursing Exams
- Other Government Exams
- NRA CET
- PG Entrance Exams
- Campus Placement
- MBA Entrance Exams
- CUET and UG Entrance
- Judiciary Exams
- Regulatory Body Exams
- Software Development