The item having the highest weight in consumer price index for industrial workers is:
food
housing
clothing
A.
food
As index number which accounts for the relative importance of the items is knwon as:
weighted Index
simple aggregative Index
simple average of relatives
In most of the weighted index numbers the weight pertains to:
base year
current year
both base and current year
The impact of change in the price of a commodity with little weight in the index will be:
small
large
uncertain
A consumer price index measures changes in:
retail prices
whole sale prices
production prices