Economics MCQs

Economics - Index Numbers Questions with solutions MCQs

1. An economist estimated that a commodity Y had a price index of 100, calculated for 1993 with base year of 1990, and a quantity index of 0.5 when calculated for 1990 with base year of 1993. What is the Fisher Ideal Value Index for 1993 with the base year taken to be 1990?

A

10.5

B

20

C

15

D

12

Economics - Index Numbers Account Ast. 2024
Correct Answer : C
Explanation :

Fisher?s Ideal Index = ?(Price index ? Quantity index) = ?(100 ? 0.5 ? 100) = 15.

Correct Answered :

Wrong Answered :

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