The most appropriate average in averaging the price relatives is:
A) Median
B) Harmonic mean
C) Arithmetic mean
D) Geometric mean
Correct Answer:
Verified
Q15: Factor Reversal test is satisfied by:
A)Fisher's Ideal
Q16: Laspeyre's formula does not obey:
A)Factor Reversal Test
B)Time
Q17: A ratio or an average of ratios
Q18: The value at the base time period
Q19: An index time series is a list
Q20: Index nos. are often constructed from the
A)Frequency
B)Class
C)Sample
D)None
Q21: _ is a point of reference in
Q22: The ratio of price of single commodity
Q23: P01 is the index for time
A)1 on
Q24: When the price of a divided by
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