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1

Across Canada, the cost of a year's tuition in an architectural school is $3,586. Using this as a base, what is the index of the cost in Nova Scotia, where it is $5,490?
A)153.1
B)54.9
C)65.3
D)0.2
2

Across Canada, the cost of a year's tuition in an architectural school is $3,586. Using this as a base, what is the index of the cost in Quebec, where it is $1,879?
A)52.4
B)18.8
C)190.8
D)0.5
3

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The above table gives the prices of several goods in 2003 and 2004. What is the simple average of the price indexes?
A)108.7
B)108.3
C)107.3
D)326.1
4

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The above table gives the prices of several goods in 2003 and 2004. What is the simple aggregate index?
A)108.3
B)108.7
C)107.3
D)326.1
5

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The above table gives the prices and quantities purchased of several goods in 2003 and 2004. What is Laspeyres Price Index?
A)109.8
B)110.0
C)112.7
D)123.7
6

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The above table gives the prices and quantities purchased of several goods in 2003 and 2004. What is Paasche’s Price Index?
A)110.0
B)109.8
C)112.7
D)123.7
7

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The above table gives the prices and quantities purchased of several goods in 2003 and 2004. What is Fisher’s Ideal Index?
A)110.0
B)109.8
C)109.9
D)111.3
8

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The above table gives the prices and quantities purchased of several goods in 2003 and 2004. What is the Value Index?
A)123.7
B)109.8
C)110.0
D)112.7
9

In 2003 teachers earned an average of $60,000. How much would they have to earn in 2005 to have the same purchasing power if the CPI is 117, using 2003 as the base year?
A)70,200
B)61,170
C)51,282
D)82,134





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