Скачать или смотреть Understanding Simple Aggregate Method in Index Numbers

Dive into the basics of the Simple Aggregate Method used in Index Numbers with this easy-to-understand explanation. This method assumes that every commodity is equally important, hence it sums up the prices of all commodities without assigning different weights. Perfect for 12th-grade students studying Mathematics & Statistics, especially those in the Commerce stream. Learn about the assumptions and how it simplifies the calculation of index numbers. Question covered: What assumption does the Simple Aggregate Method make about commodities? Options: 1. Every commodity has a different level of importance. 2. Every commodity is equally important. 3. Only a few commodities are important. 4. The importance of commodities changes every year. Correct answer: Every commodity is equally important.

Standard: 12th
Subject: Mathematics & Statistics
Medium: English

Chapter: Index numbers
Chapter Number: 5
Book Page: 72

Difficulty: easy

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