A quantity index which is designed to measure changes in the physical volume of production levels of industrial goods over time is the
A) Quantity index.
B) Producers index.
C) Index of Industrial Production.
D) Paasche index.

Question

Quizplus · Accepted Answer

The Index of Industrial Production (IIP) is a quantity index used to measure changes in the physical volume of production levels of industrial goods over time. It is a key economic indicator that reflects the performance of the industrial sector of an economy. A and D are incorrect as they are generic quantity indices that do not specifically focus on industrial production levels. B is also incorrect as the term "producers index" is not a commonly used or recognized term in economics.

A Quantity Index Which Is Designed to Measure Changes in the Physical