Ayushi Asked a Question
August 10, 2020 5:57 pmpts 30 pts
91. With reference to Price Index Number, if P xP =1, which test it satisfies ? (1) Time Reversal Test (2) Factor Reversal Test (3) t-Test (4) Circular Test
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  • Nidhi taparia Best Answer
    The correct answer is (1) Time reversal test. Here we are testing whether the price index becomes inverse of itself when current period (denoted by 1) is changed to base period (d...
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