The index of industrial production, Mathematics

The index of industrial production

This is a quantity index compiled by the government. This measures changes in the volume of production in main industries. The index is a excellent indication of the state of national economy.

This covers the given major industries in the UK

i.  Quarrying and Mining

ii.  Manufacturing as like food, tobacco and drinks, chemicals, and metal manufacture, engineering.

iii. Construction

iv. Textile

v. Gas electricity, water and so on.

This excludes agriculture, trade, fishing, finance, transport and other such industries.

All industries order is described a weighting. The weighting is based upon average per month production in each industry in a fixed base year. This described each item its relative significance amongst all other items and hence gives a better estimate of the index for comparison reasons.

 

Posted Date: 2/18/2013 2:33:00 AM | Location : United States







Related Discussions:- The index of industrial production, Assignment Help, Ask Question on The index of industrial production, Get Answer, Expert's Help, The index of industrial production Discussions

Write discussion on The index of industrial production
Your posts are moderated
Related Questions
A simple example of fraction would be a rational number of the form p/q, where q ≠ 0. In fractions also we come across different types of them. The two fractions

using the formula sin A =under root 1+ cos2A /2 . find value of 30 degree, it is being given that cos 60 degree =1/2.

Sketch the graph of the below function. f ( x ) = - x 5 + (5/2 )x 4 + (40/3) x 3 + 5 Solution : Whenever we sketch a graph it's good to have a few points on the graph to

How do I increase and decrease tax and sales

Suppose A and B be two non-empty sets then every subset of A Χ B describes a relation from A to B and each relation from A to B is subset of AΧB. Normal 0 fals

Example  Find the Highest Common Factor of 54, 72 and 150. First we consider 54 and 72. The HCF for these two quantities is calculated as follows:

Seth has a pet goldfish. When he got his goldfish , it was only 5 centimeters long . Now it has grown to be 92 millimeters long. How many millimeters has the goldfish grown since

An insurance company/organization takes a keen interest in the age at which a person is insured. Thus a survey conducted on prospective clients indicated that for clients having th

Describe Adding and Subtracting Square Roots? To add or subtract square roots, the radicands must be the same. If the radicands are the same, add/subtract the coefficients (the

express 4:24 as fraction in lowest term