i. When two or more series of index numbers to be compared do not have the same base period, we select a common base period for all series. Then we use the respective base numbers as the denominators and convert each base to the new base. ii. Canada pension plan payments and old age security pensions are periodically adjusted based on the Consumer Price Index.
iii. The largest component of the Canadian CPI is Food.
A) (i) , (ii) , and (iii) are all correct statements.
B) (i) and (ii) are correct statements but not (iii) .
C) (i) and (iii) are correct statements but not (ii) .
D) (ii) and (iii) are correct statements but not (i) .
E) (i) , (ii) , and (iii) are all false statements.
Correct Answer:
Verified
Q40: i. An index is a convenient way
Q41: i. To construct a special-purpose index designed
Q42: i. To deflate sales, the actual sales
Q43: i. The largest component of the Canadian
Q44: Real income is computed by:
A) dividing money
Q46: i. Millions of employees in automobile, steel
Q47: i. The CPI serves only one major
Q48: What component(s) does the CPI include?
A) Recreation
Q49: i. Millions of employees in automobile, steel
Q50: i. If two or more series of
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