I No Systematic Approach to Collecting and Reporting Data in Index

question 27

Multiple Choice

i. No systematic approach to collecting and reporting data in index form was evident in North
America until about 1900.
ii. The CPI can be used in determining "real" income.
iii. Purchasing power of the dollar is determined by finding the inverse of the CPI.

• 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.

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