1.

A) What are the difficulties in the construction of the consumer price index? B) An enquiry into the budgets of middle class families in a certain city gave the following information: Expenses onFood FuelClothingRentOther30%10%20%15%20%Price in 2004 (Rs)1500250750300400Price in 1995 (Rs)1400200500200250 What is the cost of living index of 2004 as compared to 1995?

Answer»

A) What are the difficulties in the construction of the consumer price index?

B) An enquiry into the budgets of middle class families in a certain city gave the following information:

Expenses onFood FuelClothingRentOther30%10%20%15%20%Price in 2004 (Rs)1500250750300400Price in 1995 (Rs)1400200500200250

What is the cost of living index of 2004 as compared to 1995?



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