The formula for a simple aggregative price index is: MCQ with Answer and Explanation

Question Report Error

The formula for a simple aggregative price index is:

A. (Σp₁q₁ / Σp₀q₁) × 100

B. (Σp₁ / Σp₀) × 100

C. (Σp₁q₀ / Σp₀q₀) × 100

D. √(L×P) × 100

Answer: Option B

Solution (By JKExamLibrary)

Simple aggregative index sums prices without weights.

This question belongs to: Accountancy and Statistics Statistics

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Question #1 Report Error

The Total Fertility Rate (TFR) is expressed as:

A. Daughters per woman

B. Percentage

C. Children per woman

D. Live births per 1000 women

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Correct Answer: Option C

Explanation:
TFR is the average number of children a woman would have.

This question belongs to: Accountancy and Statistics Statistics

Question #2 Report Error

If every observation in a dataset is doubled, the arithmetic mean:

A. Increases by 2

B. Remains unchanged

C. Becomes half

D. Is also doubled

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Correct Answer: Option D

Explanation:
Mean is affected by change of scale; multiplying by 2 scales the mean by 2.

This question belongs to: Accountancy and Statistics Statistics

Question #3 Report Error

If a constant is subtracted from all observations, the arithmetic mean:

A. Remains the same

B. Increases by the constant

C. Decreases by the same constant

D. Becomes zero

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Correct Answer: Option C

Explanation:
Mean changes by the same amount as the change in origin.

This question belongs to: Accountancy and Statistics Statistics

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