Chapter 6. INDEX NUMBERS Q.5. State with reason whether you agree or disagree with the following statement: 1. Index numbers measure changes in the price level only

Balbharati solutions for Economics HSC 12th Standard Maharashtra State Board 

 

Chapter 6. INDEX NUMBERS

Q.5. State with reason whether you agree or disagree with the following statement:


1. Index numbers measure changes in the price level only.

Options

Agree

Disagree


Reasons: -

No, I disagree with the above statement

Index numbers are also used to measure changes in the price level from time to time. 

It enables the government to undertake appropriate anti-inflationary measures.