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Class 11 Economics (Statistics For Economics) Chapter 8 Index Numbers Quiz 4 (19 MCQs)

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1. The index for 1985 to the base 1980 is 125 and for 1980 to the base 1985 is 80 .The given indices satisfy
2. Which of the following index number is based on Geometric Mean
3. Cyclical variation can occur several times in a year.
4. Laspeyre's Index based on .....
5. Which Index Number is an important indicator of the level of output in the economy?
6. Least squares method of finding trend is very simple and does not involve any calculations.
7. Index numbers constructed with changing base period with the base for each year being immediately preceding the year
8. If the regression line is Y on X, then the variable X is known as.
9. The price of a plate of chicken rice at a certain stall increased from RM2.80 in the year 2000 to RM3.50 in the year 2005. Calculate the price index of a plate of chicken rice for thar stall in the year 2005 based on the year 2000.
10. 15 % price increase ''Which number index represents the statement above
11. The condition for the time reversal test to hold good with usual notation is
12. Index numbers are specialised
13. The production quantity index for three item X, Y and Z in the year 2020 based on the year 2010 is 110, 120 and 80 respectively with the ratio of 3:2:5 . Calculate the composite index for all three items in the year 2020 based on the year 2010.
14. The average monthly telephone bill for a school in the year 2005 was RM 70.00. The index number of the telephone bill is 125 in the year 2012, using of the year 2005 as the base year. Calculate the average monthly telephone bill for the school in the year 2012.
15. *Of the two periods, the period with which the comparison is to be made is known as the .....
16. The geometric mean of Laspeyre's and paasche's price indices is also known as
17. The index that satisfies factor reversal test is
18. Real wages=
19. A linear regression (LR) analysis produces the equation Y = 3 + 0.4X. This indicates that:
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