Q77Section I (Objective (Q1–Q80))77 of 80
Index Numbers & Time Series — correct definition of what index numbers measure
Consider the following statements: I. Index numbers measure changes in the magnitude of a group of related variables. II. Index numbers measure the extent to which value in a distribution differs from the average value. Which of the statements given above is/are correct?
Pick an option to check your answer. In a mock test a wrong answer here costs 0.83 mark.