Statistics Canada Calculates Separate Subindexes of the CPI for Goods

question 41

Essay

Statistics Canada calculates separate subindexes of the CPI for goods and for services. The goods index rose from 96.8 to 112.0 over a 10-year period. During the same period, the services index rose from 95.2 to 115.1.
a) How much did representative goods worth $1,000 at the beginning cost at the end of the 10-year period?
b) How much did representative services worth $1,000 at the beginning cost at the end of the 10-year period?
c) What is the difference between the percent increase in the price level of services and the percent increase in the price level of goods during the decade?

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Definitions:

Vaginal Infections

Health conditions involving inflammation or infection of the vagina, often caused by bacteria, yeast, or other organisms.

Douching

A practice of rinsing or cleaning out the vagina with water or other mixtures of fluids, often discouraged by healthcare professionals due to potential health risks.

Transgender

A term describing a person whose gender identity differs from the sex they were assigned at birth.

Social Issues

Problems that influence a considerable number of individuals within a society, typically requiring collective action or policy change for resolution.