A simple aggregate quantity index is used to:
A) measure the change in price of a product
B) measure the change in quantity of a product
C) measure the overall change in quantity of a range of products
D) measure the overall change in price of a range of products
Correct Answer:
Verified
Q1: A _ is a value that may
Q2: _ variable is a factor that is
Q3: An index number is used:
A)to measure changes
Q4: The ratio of a new price to
Q6: A simple aggregate price index:
A)ignores relative quantities
B)compares
Q7: This index measures the change from month
Q8: The Laspeyres and Paasche index are examples
Q9: The Laspeyres price index:
A)regards the current year
Q10: A scaling factor is used to:
A)change a
Q11: The distinctive feature of the _ index
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