I When Two or More Series of Index Numbers to Be

question 15

Multiple Choice

i. When two or more series of index numbers to be compared do not have the same base period, we select a common base period for all series. Then we use the respective base numbers as the denominators and convert each base to the new base.
ii. Canada pension plan payments ad old age security pensions are periodically adjusted based on the
Consumer Price Index.
Iii) The largest component of the Canadian CPI is Food.

• 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

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Definitions:

Terror Management Theory

A social psychology concept suggesting humans have anxiety about death, leading us to seek symbolic or actual immortality through our cultures and self-esteem.

Hierarchy Of Goals

The idea that goals are organized hierarchically from very abstract goals to very concrete goals, with the latter serving the former.

Self-Direction

The ability to set one's own goals and make decisions independently, guiding one's own life path.

Cultural Worldview

The collective belief systems, values, and norms shared by a particular group of people that shape their understanding of the world around them.