I Canada Pension Plan Payments Ad Old Age Security Pensions

Multiple Choice

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