Professional Courses
Industry-relevant training in Business, Technology, and Design to help professionals and graduates upskill for real-world careers.
Categories
Interactive Games
Fun, engaging games to boost memory, math fluency, typing speed, and English skills—perfect for learners of all ages.
Typing
Memory
Math
English Adventures
Knowledge
Enroll to start learning
You’ve not yet enrolled in this course. Please enroll for free to listen to audio lessons, classroom podcasts and take practice test.
Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What is the purpose of an index number?
💡 Hint: Think about why we need to track prices or production.
Question 2
Easy
Define a base year.
💡 Hint: What do we compare other years against?
Practice 4 more questions and get performance evaluation
Interactive Quizzes
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What is a volume index primarily focused on?
- Price changes
- Quantity changes
- Value changes
💡 Hint: Think about what it captures in terms of goods.
Question 2
True or False: The base year should reflect extreme economic conditions.
- True
- False
💡 Hint: What kind of economic situation provides a clear reference?
Solve 1 more question and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
A country used 2005 as a base year with inflation rates peaking in 2010 and 2015. Critically assess how this could mislead economic policies.
💡 Hint: Think about the difference economic conditions could have on trends.
Question 2
Examine how methodology changes (switching from Laspeyre's to Paasche's) could impact the reported inflation rate over a decade.
💡 Hint: Consider how consumers adapt their choices in response to price changes.
Challenge and get performance evaluation