I to Deflate Sales, the Actual Sales Are Multiplied by the Wholesale

question 14

Multiple Choice

i. To deflate sales, the actual sales are multiplied by the wholesale price index and the result
Multiplied by 100.
ii. The CPI serves only one major function: as an economic indicator of the rate of inflation.
iii. To construct a special-purpose index designed to measure general business activity, the weights
Are based on the judgments of the statistician and assigned to each series.

• 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) (iii) is a correct statement, but not (i) or (ii).
• E) (i), (ii), and (iii) are all false statements

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Definitions:

Mulattoes

Historically a term used to describe individuals born of one white parent and one black parent, but now considered outdated and offensive.

Lower South

Geographical region of the United States, often referencing the states most dependent on slave labor and that seceded first during the Civil War.

Eighteenth Century

The period from 1701 to 1800 in the Gregorian calendar, marked by significant historical events, cultural shifts, and advancements in various fields such as science and philosophy.

Spain

A country on Europe's Iberian Peninsula known for its diverse culture, history, and contributions to art, music, and literature.