Gross Reproduction Rate (GRR) of 1.0 means that, on average, each woman has: MCQ with Answer and Explanation
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Question #1
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A question that offers the respondent a list of predefined answers to choose from is called:
Correct Answer: Option C
Explanation:
Closed-ended questions provide response options, making data coding easier, whereas open-ended allow free response.
Closed-ended questions provide response options, making data coding easier, whereas open-ended allow free response.
This question belongs to:
Accountancy and Statistics
Statistics
Question #2
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Which index number is most commonly used to measure inflation and changes in the purchasing power of money for standard households?
Correct Answer: Option A
Explanation:
The CPI (or Cost of Living Index) measures the average change in prices paid by consumers for a basket of goods and services.
The CPI (or Cost of Living Index) measures the average change in prices paid by consumers for a basket of goods and services.
This question belongs to:
Accountancy and Statistics
Statistics
Question #3
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The time reversal test checks whether an index number yields consistent results when:
Correct Answer: Option C
Explanation:
The product of the forward and backward indices should be 1.
The product of the forward and backward indices should be 1.
This question belongs to:
Accountancy and Statistics
Statistics
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