i. If two or more series of index numbers have the same year as the base period, then they can be
Compared directly.
ii. 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.
iii. Canada pension plan payments and old age security pensions are periodically adjusted based
On the Consumer Price Index.
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
Q41: i. The Consumer Price Index measures the
Q42: i. The CPI serves only one major
Q44: i. The largest component of the Canadian
Q45: The CPI for "educational books and supplies"
Q47: i. An index is a convenient way
Q48: What component(s) does the CPI include?
A) Recreation
Q48: i. Besides measuring change in the prices
Q49: i. Canada pension plan payments and old
Q50: i. To construct a special-purpose index designed
Q51: The CPI for "personal computers and peripheral
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