Paasche price index uses quantities of: MCQ with Answer and Explanation

Question Report Error

Paasche price index uses quantities of:

A. Any chosen period

B. Average of base and current

C. Current period

D. Base period

Answer: Option C

Solution (By JKExamLibrary)

Paasche index uses current period quantities as weights.

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1 Report Error

In the theory of attributes, the class frequency (AB) denotes:

A. Number of objects not possessing A and B

B. Number of objects possessing attribute A only

C. Number of objects possessing attribute B only

D. Number of objects possessing both A and B

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Correct Answer: Option D

Explanation:
The notation (AB) represents the number of items possessing both attributes A and B.

This question belongs to: Accountancy and Statistics Statistics

Question #2 Report Error

A researcher wants to compare mortality between two towns with different age structures. She should use:

A. Crude death rate

B. Neonatal mortality rate

C. Infant mortality rate

D. Standardized death rate

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Correct Answer: Option D

Explanation:
Standardization removes the confounding effect of age.

This question belongs to: Accountancy and Statistics Statistics

Question #3 Report Error

Population density is defined as:

A. Number of persons per square kilometer

B. Total population divided by urban area

C. Total population divided by total arable land

D. Number of households per square kilometer

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Correct Answer: Option A

Explanation:
Population density is commonly expressed as the number of persons per unit area, usually per sq. km.

This question belongs to: Accountancy and Statistics Statistics

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