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 mock test.
Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
Define index numbers.
💡 Hint: Think about how changes compare to a base reference.
Question 2
Easy
What is the purpose of the price index?
💡 Hint: Consider its role in assessing inflation.
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 does an index number compare economic data to?
- A different country
- A base period
- Current year data
💡 Hint: Think about the concept of relativity in index numbers.
Question 2
True or False: Quantity index numbers measure price level changes.
- True
- False
💡 Hint: Remember the definitions we discussed.
Solve 2 more questions and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
You have a set of data showing that the prices of five products have changed from base year prices to current year prices. Construct a price index number using the Simple Aggregate Method.
💡 Hint: Make sure to carefully collect your sums!
Question 2
If the following products have the following weights and price changes: Product A (weight 2, price change 40%), Product B (weight 3, price change 10%). What is the overall index number?
💡 Hint: Think about how each weight affects the final number.
Challenge and get performance evaluation