Q379
Consider the following statements regarding the measurement of rate of inflation. Statement I The rate of inflation is measured on the basis of price indices which are of two kinds-Wholesale Price Index (WPI) and Consumer Price Index (CPl). Statement II A price index is a measure of the average level of prices. Statement III Price index shows the exact price rise or fall of a single good.
A.
Only I
B.
Both I and II
AnswerC.
Both II and III
D.
All of the above
Answer: Option B
Solution
Answer: Option B
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