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Q: The method that measures changes in the price of inputs to the construction process by monitoring separately the cost of each factor is called as :
  • A. relational indices
  • B. output indices
  • C. input indices
  • D. seller's indices
Correct Answer: Option C - Input price indices- (a) Input price indices measure, changes in the price of inputs to the construction process by monitoring separately the cost of each factor. (b) This generally entails the compilation of a weighted index the costs of wages and materials.
C. Input price indices- (a) Input price indices measure, changes in the price of inputs to the construction process by monitoring separately the cost of each factor. (b) This generally entails the compilation of a weighted index the costs of wages and materials.

Explanations:

Input price indices- (a) Input price indices measure, changes in the price of inputs to the construction process by monitoring separately the cost of each factor. (b) This generally entails the compilation of a weighted index the costs of wages and materials.