Infant mortality rate and life expectancy at birth are generally: MCQ with Answer and Explanation
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Question #1
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The 'stub' of a table refers to:
Correct Answer: Option A
Explanation:
The stub is the leftmost column containing the row captions or descriptions.
The stub is the leftmost column containing the row captions or descriptions.
This question belongs to:
Accountancy and Statistics
Statistics
Question #2
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If the Cost of Living Index rises by 10%, a wage earner's real income remains unchanged only if nominal wages increase by:
Correct Answer: Option B
Explanation:
Real income = Nominal income / Price index. To keep real income constant when prices rise 10% (index ×1.10), nominal income must also rise 10% (×1.10), so the ratio remains unchanged.
Real income = Nominal income / Price index. To keep real income constant when prices rise 10% (index ×1.10), nominal income must also rise 10% (×1.10), so the ratio remains unchanged.
This question belongs to:
Accountancy and Statistics
Statistics
Question #3
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An index number measures:
Correct Answer: Option C
Explanation:
Index numbers measure relative changes in a variable compared to a base period.
Index numbers measure relative changes in a variable compared to a base period.
This question belongs to:
Accountancy and Statistics
Statistics
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