Multiple Choice
i. An index of 239.2 and an index of 86.4 are actually percents. ii. The base period for one index might be 1982-84, while the base period for another index might be 1977.
iii. Most business and economic indexes are carried either to the nearest whole percent, such as 312 or 96, or to the nearest 10th of a percent, such as 97.5 and 178.6.
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
Correct Answer:
Verified
Q1: The average weekly earnings (including overtime) in
Q2: If the Laspeyres index is 111.95 and
Q3: An index which compares current prices times
Q5: i. Besides measuring change in the prices
Q6: In 2000, an executive earned $100,000. In
Q7: If the Consumer Price Index is 172.2
Q8: i. Etienne Laspeyres developed a method in
Q9: i. Social security, old-age pensions, many apartment
Q10: i. The CPI is not just one
Q11: i. Social security, old-age pensions, many apartment