i. Social security, old-age pensions, many apartment leases and many labor contracts are tied to the change in the CPI.
Ii) Millions of employees in automobile, steel and other industries have their wages adjusted upward when the CPI increases. The specifics are in the management-union contracts. These clauses in the contracts are referred to as "cola clauses."
Iii) To deflate sales, the actual sales are multiplied by the wholesale price index and the result multiplied by 100.
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
Q54: The take-home pay of Jon Greene and
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
Q60: i. Canada pension plan payments ad old
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
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