In 2001, in Calculation of the Implicit Price Index, Statistics

question 156

Multiple Choice

In 2001, in calculation of the implicit price index, Statistics Canada switched from fixed based price index method to a chain-weighted index.The main reason for this was:

• A)to avoid complex calculation of the fixed based price index.
• B)to better represent the weight of each category especially the information technology sector.
• C)to avoid underestimation of the GDP growth, due to the rapid growth in the information technology sector.
• D)to be able to use the relatively constant weights for the items in the GDP year after year.

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Definitions:

Intracranial Pressure

The pressure within the skull affecting the brain, influenced by blood, cerebrospinal fluid, and brain tissue; changes can indicate significant conditions.

Lumbar Puncture

A medical procedure involving the insertion of a needle into the lower part of the spinal column to collect cerebrospinal fluid for diagnostic purposes.

Fluid Aspiration

The removal of fluids from a body cavity, tissue, or organ by suction or syringe for diagnostic or therapeutic purposes.

Needle Insertion

The technique of placing a needle, often for medical procedures like injections or blood drawing, into a part of the body.