Question:

The price relative is a price index that is determined by

A.

(price in period t/base period price)(100)

B.

(base period price/price in period t)(100)

C.

(price in period t + base period price)(100)

D.

none of the above

Answer» a. (price in period t/base period price)(100)

Question:

The starting point of econometric analysis is

A.

model specification

B.

formulation of alternative hypothesis

C.

formulation of null hypothesis

D.

collection of data

Answer» c. formulation of null hypothesis

Question:

For the open-end class frequency distribution the appropriate measure of dispersionis………….

A.

range

B.

quartile deviation

C.

mean deviation

D.

standard deviation

Answer» b. quartile deviation

Question:

Minimum value of correlation is

A.

-2

B.

-1.5

C.

-1

Answer» c. -1