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CUET UG 2022 Applied Mathematics

Match List I with List II
 List I List II

 A. Quantity index
 I. Measures relative price change over a period of time.
 B. Time series
 II. Measures change in quantity of consumption of goods over a specific period of time.
 C. Price index
 III. Measures average value of goods for specific time period.
 D. Value index

 IV. Statistical observation taken at different points of time for specific period of time.

Choose the correct answer from the options given below:

Solution

Quantity index → Measures change in quantity over time
So A → II

Time series → Statistical observations at different time points
So B → IV

Price index → Measures relative price change over time
So C → I

Value index → Measures average value for specific time period
So D → III

Correct matching:

A-II, B-IV, C-I, D-III

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