Which of the following are limitations of using index numbers? Options: A . &nbspThe use of each index number is restricted to a specific object B . &nbspIt ignores the quality of commodities C . &nbspIt is useful only for short term comparison D . &nbspAll of the above

Which of the following are limitations of using index numbers?

Question

Which of the following are limitations of using index numbers?

Options:

A . The use of each index number is restricted to a specific object

B . It ignores the quality of commodities

C . It is useful only for short term comparison

D . All of the above

Answer: Option D

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Question 1. Which of the following is the variation within two or more variable studies by the index?....

Question 2. The weights used in a quantity index are ________.....

Question 3. Which of the following methods is used to calculate the Consumer Price Index?....

Question 4. An index number that can serve many purposes is known as a _______.....

Question 5. Fisher’s method of calculating the index number is based on the _______.....

Question 6. What is the name of the monthly price index that takes price changes in consumer goods and services and uses it to deter....the price of those products over a period of time?

Question 7. Which of the following is the index that is used to measure changes in total money value?....

Question 8. Commodities that show considerable price fluctuations can be measured by a ________.....

Question 9. The purchasing power of money is ________.....

Question 10. Index number for base year is always considered as------....

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