I to Construct a Special-Purpose Index Designed to Measure General

question 64

Multiple Choice

i. 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. ii. The Consumer Price Index measures the change in prices of a fixed market basket of goods and services from one period to another.
iii. The CPI is not just one index, but includes a large number of groups, subgroups and selected items, such as a food index, a transportation index and a shelter 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:

Bluffers

Individuals who deceive or pretend to have a capability or knowledge they do not actually possess, often to gain an advantage.

Molecular Evidence

Scientific proof or data obtained from molecular biology, genetics, or biochemistry, used to support hypotheses in various fields including evolutionary biology and medicine.

Tarsiers

Tarsiers are small, nocturnal primates with large eyes and long tails, found in the forests of Southeast Asia, known for their ability to rotate their heads nearly 180 degrees.

Lemurs

A group of primates native to Madagascar, characterized by their large eyes and nocturnal habits, representing a wide variety of species.