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How is a Wholesale Price Index (WPI) different from a Consumer Price Index (CPI)?
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List five problems with measuring CPI.AP Board - Social Studies
What are the uses of CPI?AP Board - Social Studies
How is food inflation different from Consumer Price Indices?AP Board - Social Studies
How is a Wholesale Price Index (WPI) different from a Consumer Price Index (CPI)?AP Board - Social Studies
The following table shows the Wholesale Price Indices of industrial goods. Prepare a line diagram and answer the questions that follow:
a. Which commodity’s price rose sharply over the years?
b. What could be the reasons for a slow rise in cotton cloth and fertilisers?
c. Does the government play any role of any of the commodities? How?AP Board - Social Studies
Write true or false against the statement
a. Inflation increases the standard of living of the people.
b. Value of money is shown by the changes in purchasing power.
c. Change in cost of living does not affect the standard of living of pensioners.
d. Central government workers are compensated for inflation by a rise in DA.
e. WPI measures the changes in the price level of only consumer goods.AP Board - Social Studies
Take five goods or services used by your family and construct a Consumer Price Index for your family based on these five goods or services.
AP Board - Social Studies
Who is affected most by an increase in the cost of living?AP Board - Social Studies
Which groups can get higher income when there is inflation?AP Board - Social Studies
How is Administrative Price Mechanism different from Minimum Support Price?AP Board - Social Studies