I If Two or More Series of Index Numbers Have

question 39

Multiple Choice

i. If two or more series of index numbers have the same year as the base period, then they can be
Compared directly.
ii. 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.
iii. Canada pension plan payments and old age security pensions are periodically adjusted based
On the Consumer Price Index.

• 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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Definitions:

Misconceptions

Incorrect beliefs or ideas resulting from misunderstanding, misinformation, or incomplete knowledge about a subject or topic.

Islam

A monotheistic Abrahamic religion based on the Quran, which Muslims believe to be the word of God as revealed to Prophet Muhammad.

Way of Life

The manner in which a person or group lives, including their routines, habits, and cultural practices, often unique to a particular community or society.

Hutterian Brethren

A communal branch of Anabaptists who live in colonies primarily in Canada and the United States, known for their communal living and pacifist beliefs.