Which of the following are the major characteristics of index numbers? Options: A . &nbspIt is expressed in percentages B . &nbspIt measures the net or relative changes in variables C . &nbspIt measures changes over a period of time D . &nbspAll of the above

Which of the following are the major characteristics of index numbers?

Question

Which of the following are the major characteristics of index numbers?

Options:

A . It is expressed in percentages

B . It measures the net or relative changes in variables

C . It measures changes over a period of time

D . All of the above

Answer: Option D

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Question 1. The index number for base year is always ___________.....

Question 2. The time period for which an index number is determined is known as ________.....

Question 3. Index number is a type of ____________.....

Question 4. Which of the following statements is/are correct about average prices if the price index is 110?....

Question 5. Which of the following are limitations of using index numbers?....

Question 6. Which of the following is the variation within two or more variable studies by the index?....

Question 7. The weights used in a quantity index are ________.....

Question 8. Which of the following methods is used to calculate the Consumer Price Index?....

Question 9. An index number that can serve many purposes is known as a _______.....

Question 10. Fisher’s method of calculating the index number is based on the _______.....

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