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
to difine trigonometric ratios of an angle,is it necessary that the initial ray of the angle must be positive x-axis?

We will be looking at solutions to the differential equation, in this section ay′′ + by′ + cy = 0 Wherein roots of the characteristic equation, ar 2 + br + c = 0 Those

At time t an investor shorts a $1 face value zero coupon bond that matures at time T = t and uses the entire proceeds to purchase a zero coupon bond that matures at time

Explain Similar Figures in similarity ? Similar figures are figures that have the same shape but not necessarily the same size, so the image of a figure is similar to the orig

in a given figure a,b,c and d are points on a circle such that ABC =40 and DAB= 60 find the measure of DBA

how to solve fraction word problems

Chi Square Distribution Chi square was first utilized by Karl Pearson in 1900. It is denoted by the Greek letter χ 2 . This contains only one parameter, called the number of d

Which of the following sets are equal? S 1 = {1, 2, 2, 3}, S 2 = {x | x 2 - 2x + 1 = 0}, S 3 = {1, 2, 3}, S 4 = {x | x 3 - 6x

A non-empty set or group of which all the sets under concern are subsets is known as the universal set. In any part of application of set theory, all the sets under concern might l

Solving Trig Equations : Here we will discuss on solving trig equations. It is something which you will be asked to do on a fairly regular basis in my class. Let's just see the