Home › CBSE Class 11 › economics › Index Numbers › The year for which the price changes are being m…
The year for which the price changes are being measured relative to the base year is the:
Acurrent year
Bbase year
Creference century
Dprevious decade
Answer & Solution
Correct answer: A. current year
The current year is the period whose change is measured against the base.
Related questions
Splicing of two index series is done toIn quantity index ΣQ₁P₀ / ΣQ₀P₀ × 100, the weights areValue Index relatesTime Reversal Test of an index number requiresIf the base year price of an article is Rs 50 and the current year price is Rs 60, the priIn Cost of Living Index, the items are usually classified underFisher's ideal index is thePaasche's price index uses weights from