Absolute poverty means
APoverty in terms of absolute number of people
BPoverty in terms of basic minimum calorie requirements
CPoverty in terms of prevailing price level
DNone of these
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Which of the following statements is/are correct regarding 'Wholesale Price Index' (WPI) and 'Consumer Price Index (CPI)?
i. WPI and CPI are economic indicators used to measure inflation.
ii. In WPI, the weight is based on average household expenditure taken from consumer expenditure data.
iii. In CPI, the weight of items is based on production values,
iv. CPI includes services, whereas WPI does not include services.