7.4.2 - Wholesale Price Index
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Practice Questions
Test your understanding with targeted questions
What does WPI stand for?
💡 Hint: It's related to measuring prices before they reach consumers.
What does the base year represent in index numbers?
💡 Hint: Think of it as a starting point.
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Interactive Quizzes
Quick quizzes to reinforce your learning
What does a rising WPI indicate?
💡 Hint: Consider what happens to costs over time.
True or False: WPI includes prices of services.
💡 Hint: Think about the types of products included.
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Challenge Problems
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Consider a base year WPI of 100. If the index in the current year shows 150, calculate the percentage increase and explain what it means for inflation.
💡 Hint: Use the percentage change formula to calculate.
If the WPI of food has increased significantly compared to other categories, analyze how this may impact consumer behavior and economic policy.
💡 Hint: Consider the broader economic implications.
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