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

question 21

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:

Homogenization

The process of making things uniform or similar by blending diverse elements, often leading to a loss of cultural diversity.

Public Policy

Government actions in the form of laws, regulations, decisions, or actions designed to address public issues or achieve a public goal.

Indigenous People

Ethnic groups who are the original inhabitants of a given region, having preserved traditional practices and cultural identities over time.

Aztec Empire

A powerful and sophisticated Mesoamerican civilization known for its architectural, cultural, and military achievements, ruling from the 14th to the 16th centuries in what is now Mexico.