Consider the following statements: 1. The weightage of food in Consumer Price Index (CPI) is higher than that in Wholesale Price Index (WPI). 2. The WPI does not capture changes in the prices of services, which CPI does. 3. Reserve Bank of India has now adopted WPT as its key measure of inflation and to decide on changing the key policy rates. Which of the statements given above is/are correct ?
Options
(a)1 and 2 only
(b)2 only
(c)3 only
(d)1, 2 and 3
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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…
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