i. Canada pension plan payments ad old age security pensions are periodically adjusted based on the Consumer Price Index.
Ii) The largest component of the Canadian CPI is Food.
Iii) Besides measuring change in the prices of goods and services, the consumer price indexes have a number of other applications. The CPI is used to determine real disposable personal income, deflate sales or other series, find the purchasing power of the dollar and establish cost of living increases.
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) All statements are false
Correct Answer:
Verified
Q55: What component(s) does the CPI include?
A) Recreation
Q56: i. The concept of real income is
Q57: i. Millions of employees in automobile, steel
Q58: The CPI for "personal computers and peripheral
Q59: i. Social security, old-age pensions, many apartment
Q61: The following table shows the average earnings
Q62: The following table shows the average earnings
Q63: The take-home pay of Jon Greene and
Q64: The take-home pay of Jon Greene and
Q65: The take-home pay of Jon Greene and
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