Cost of Living Index | Index Numbers | Class 11 Economics LIVE | Statistics for Economics
Автор: Success Mantra - CA Manish Kalra
Загружено: 2025-12-05
Просмотров: 19
Описание:
In this LIVE class, we will cover the Cost of Living Index, an important part of the chapter Index Numbers in Class 11 Economics.
Students will understand how the cost of living index is constructed, why it is used, and how it measures changes in the standard of living.
This topic is frequently asked in numerical questions, short answers, and case-based questions in CBSE exams.
What will be covered:
Meaning of Cost of Living Index (CLI)
Purpose and significance of CLI
Difference between Price Index and Cost of Living Index
Steps in construction of Cost of Living Index
Consumer Price Index (CPI) and its relation with CLI
Numerical questions on CLI
Uses of cost of living index in real life
Board-style questions and PYQs
This session is ideal for Class 11 CBSE students preparing for the 2025–26 Board Examination.
Channel: Success Mantra for Class 11 and 12
Educator: CA Manish Kalra
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