Question
Calculate a Quantity Index number of g the given data.
✓
Answer
where, $\Sigma q_0=$ Sum total of all the commodities of the base year $\Sigma q_1$ Sum total of all the commodities of the current year Quantity Index Number $Q _{01}=\frac{\Sigma q_1}{\Sigma q_0} \times 100$
$ =\frac{300}{200} \times 100$
$=150 $
Hence, $Q_{01}=150$
Need a full question paper?
Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.
Explore more
Similar questions
Explain any four features of composition of Indias foreign trade.
Explain the significance of index numbers in economics
Explain the importance of budget.
Which are the types of Elasticity of Demand.
Study the following figures and answer the question.
Circular Flow of Income.
QU.1. What does this diagram represent?
QU.2. Which sectors are included in this type of economy?
QU.3. What role does the government play in this economy?
QU.4. Give your opinion on overseas or foreign sector.
Explain the features of national income.
Explain the structure of Tax-revenue of the government.
Explain the problems faced by the money market in India.
Explain the types of Monopoly.
Explain the trend in India’s imports.