Use the Information Below to Answer the Following Questions

question 38

Multiple Choice

Use the information below to answer the following questions.
Fact 30.1.1 Inflation Control Target Renewal
The 2011 inflation control target agreement between the Government of Canada and the Bank of Canada runs to the end of 2016.
Source: Bank of Canada, November 2011
-Refer to Fact 30.1.1. In the inflation control agreement, the Government of Canada and the Bank of Canada agree to all of the following except that

• A)the target will continue to be defined in terms of the 12-month rate of change in the total CPI.
• B)the inflation target will continue to be 2 percent.
• C)the agreement will run until December 31, 2016.
• D)if the CPI becomes too volatile, in the future the target will be defined in terms of the 12-month rate of change in the core CPI.
• E)the inflation-control range is 1 percent to 3 percent a year.

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Definitions:

Normally Distributed

A description of dataset that follows a normal distribution, with most observations clustering around the mean and symmetrical tails.

Mean Value

The average of a set of numbers, calculated by dividing the sum of all values by the number of values.

Promotional Campaigns

Marketing strategies designed to increase awareness, interest, and sales of a product or service through various communication means.

Gross Sales

The total unadjusted income a company generates from sales before any deductions are made.