1.

What is Price Index Number? Mention its types.

Answer»

Price index numbers measure the general changes in prices between the current year and the base year. The general price index is used to measure the value of money. 

The following are the different types of price index numbers:

  • Consumer Price Index 
  • Wholesale Price Index 
  • Retail Price Index 
  • Producer Price Index.



Discussion

No Comment Found

Related InterviewSolutions