For the Items Below, Indicate with an X Their Correct

question 122

Essay

For the items below, indicate with an X their correct GST/HST tax category: $$\begin{array} { | l | l | l | l | } \hline \text { Item } & \begin{array} { l } \text { Taxable } \\\text { Supplies }\end{array} & \begin{array} { l } \text { Zero- } \\\text { Rated } \\\text { Supplies }\end{array} & \begin{array} { l } \text { Exempt } \\\text { Supplies }\end{array} \\\hline \text { Two doughnuts } & & & \\\hline \text { Uncooked pizza } & & & \\\hline \text { Dental services } & & & \\\hline \text { Seven doughnuts } & & & \\\hline \text { Prescription drugs } & & & \\\hline \text { Ready-to-eat pizza } & & & \\\hline\end{array}$$

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Definitions:

Laspeyres Price Index

A consumer price index used to measure the change over time in the total cost of purchasing a fixed basket of goods and services.

Per Capita Income

The average income earned per person in a particular area or country, calculated by dividing the area's total income by its total population.

Laspeyres Price Index

A price index that measures the change in the price level of a basket of goods and services, using the quantities of the base period as weights.

Base Year

A specific year against which economic growth or other variables are measured and compared.