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Class 11 Economics (Statistics For Economics) Chapter 8 Index Numbers Quiz 3 (25 MCQs)

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1. Kira indeks harga rumah, jika harga rumah pada tahun 2019 dan tahun 2021 ialah RM 480 000 dan RM 540 000.
2. The number of fatal accidents cases in the year 2005 was 210 and the index that represents the number of fatal accidents cases was 84 by using 1998 as the base year. Find the number of fatal accidents cases in the year 1998.
3. Using the year 2002 as the base year, the price index of a certain brand of printer in the year 2006 was 75. Calculate the price of the similar printer in the year 2002 if its price in the year 2006 was RM350.
4. Example for a weighted Index Number
5. The admission of students in a school according to the Science stream and the Arts stream follows the ratio 60:40. Given that the admission index of students according to the Science stream and the Arts stream in the year 2019 based on the year 2015 was 120 and 130 respectively. Find the composite index for the admission of students in the school in the year based on 2019 and 2015.
6. An index number of 150 indicates that value is ..... times that of the base period value.
7. Which index number is called as ideal index number
8. Moving averages are useful in identifying ..... component.
9. The Laspeyres price index
10. A certain model of handphone cost RM500 in the year 2004 and RM420 in the year 2006. Calculate the price index of that model of handphone in the year 2006 based on the year 2004.
11. Which of the following can't be a component of time series?
12. Index number is always expressed in
13. Regression line is also called
14. While constructing Index numbers, as many commodities must be selected as possible to give it a wider base.
15. Index number for base year is always considered as
16. *Index numbers are expressed in terms of
17. In Laspeyre's Price index is 324 Paasche's Price index is 144 then Fisher's ideal index is
18. A period for which index number is determined is called as
19. The condition for Factor Reversal test
20. The regression line of Y on X is 5x-7y=10, then the regression coefficient of Y on X is
21. Product BPrice Index in year 2020 based on year 2019 = 125Price at year 2019 = ..... Price at year 2020 = RM2.00
22. The price of the house Sulaiman bought in the year 1998 wasRM 110000. In the year 2000, the price of the house went up toRM 130000. Calculate the price index of the house for the year 2000 based on the year 1998.
23. The process of constructing a mathematical model or function that can be used to predict or determine one variable by another variable is called
24. The prices of a pencil case in the year 2005 and 2007 were RM8.40 and RM9.20 respectively. Calculate the price index of the pencil case for the year 2007 based on the year 2005.
25. Laspeyres Index Number is 112 and Paasches Index Number is 175. Fishers Index Number is
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