For measuring the change in the price level of the country, which among the following index numbers is…
The wholesale price index tracks changes in a broad basket of wholesale goods prices. A cost-of-living index concerns expenditure needed to maintain living standards, while…
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For measuring the change in the price level of the country, which among the following index numbers is used ?
Answer and explanation
Correct answer D
The wholesale price index tracks changes in a broad basket of wholesale goods prices. A cost-of-living index concerns expenditure needed to maintain living standards, while production and security-price indices measure different phenomena.
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Maharashtra and Goa SET (MH SET)