Assume that the consumer price index (1970 = 100) is at present 500. This means that
Options
(a)Prices of all goods and commodities have increased five times.
(b)Prices of all consumer goods have increased five times.
(c)Prices of all items in a specified list have increased by 400%.
(d)Prices have increased and the weighted mean price increase for specified items is 400%.
The full breakdown is part of the paid archive
This question's answer, explanation and links to every related question across 48 years (1979–2026) are inside the app. The two most recent years are free to read in full — no account needed.
Class 12National Income Accounting— NCERT Economics, Chapter 2. National income accounting measures an economy's yearly flow of production. Only final goods are counted — consumption goods and capital goods — because intermediate…
Independent UPSC previous-year-questions study tool — not affiliated with or endorsed by the UPSC. Question text is reproduced from publicly released UPSC examination papers. UPSCviaPYQs · Privacy · Terms