Factor reversal test checks if the product of a price index and its corresponding quantity index equals the value index (Σp₁q₁/Σp₀q₀), ensuring consistency between price and quantity measurements.
In the context of primary data collection, which of the following statements is/are true? 1. Schedule is filled by the enumerator. 2. Questionnaire is self-administered. 3. Schedule requires literate respondents. Select the correct answer:
Explanation:
Schedule is filled by enumerator, so respondents need not be literate; questionnaire is filled by the respondent. Statement 3 is false because schedule does not require literate respondents.
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