Question 1

The average price index for the UK in 2001 was 120 (base period, 1980)  and in 2011 was 134. Calculate the value for the Purchasing Power of the Pound index in 2011 (0 decimal places) .

Accepted Answer

A)   88
B)   91
C)   94
D)   97E) C) and D)
F) A) and D) B

Question 2

Which of the groups listed below showed the largest annual change in Japan, to June 2013?

Accepted Answer

A)   Food
B)   Goods
C)   Services
D)   Transportation and CommunicationE) A) and C)
F) B) and C)

Question 3

Which subgroup, part of the Indian CPI calculation, had the highest inflation in June 2013?

Accepted Answer

A)   Food
B)   Transportation
C)   Housing costs
D)   Electrical goodsE) C) and D)
F) All of the above A

Question 4

Which of the following statements concerning the Index of Production is NOT true?

Accepted Answer

A)   In the UK, the index includes finance, communications and agriculture
B)   It is a good measure of the business cycle
C)   Many of the series presented are seasonally adjusted
D)   Indices are classified using the Standard Industrial Classification (1992 version) E) B) and C)
F) A) and B)

Question 5

If the Purchasing Power of the Pound index has a value of 75, which of the following statements IS true?

Accepted Answer

A)   Items that cost 75p in the base period cost £1 today
B)   Items that cost £1 in the base period cost 75p today
C)   Prices today are 75% of those in the base period
D)   Prices today are 75% higher than in the base periodE) None of the above
F) A) and B)

Question 6

Which of the following groups has the lowest weighting in the UK CPI?

Accepted Answer

A)   Food and non-alcoholic beverages
B)   Transport
C)   Restaurants and hotels
D)   HealthE) C) and D)
F) A) and C)

Question 7

Which of the following measures allows comparison of the financial well-being of countries' inhabitants?

Accepted Answer

A)   Producer Price Index
B)   Purchasing Power of the Pound index
C)   Consumer Price Index
D)   Average WageE) A) and B)
F) A) and D)

Question 8

Which of the following options is NOT a set of the Producer Prices Index?

Accepted Answer

A)   Stage of Processing
B)   Output by type of commodity
C)   Output by occupational grouping
D)   Output by economic activityE) None of the above
F) A) and B) C

Question 9

What is measured by a Consumer Price Index?

Accepted Answer

A)   Price paid for raw materials by producers
B)   Price paid for goods by consumers
C)   Price paid for commodities on trading exchanges
D)   Price paid to workers for their labour (wages) E) B) and C)
F) A) and C)

Question 10

In Israel, approximately how many price quotations are gathered to calculate CPI?

Accepted Answer

A)   67,000
B)   70,000
C)   76,000
D)   81,000E) A) and D)
F) B) and D)

Exam 20: Special Published Indices

The average price index for the UK in 2001 was 120 (base period, 1980) and in 2011 was 134. Calculate the value for the Purchasing Power of the Pound index in 2011 (0 decimal places) .

Correct Answer
verified
B

Which of the groups listed below showed the largest annual change in Japan, to June 2013?

Correct Answer
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Which subgroup, part of the Indian CPI calculation, had the highest inflation in June 2013?

Correct Answer
verified
A

Which of the following statements concerning the Index of Production is NOT true?

Correct Answer
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If the Purchasing Power of the Pound index has a value of 75, which of the following statements IS true?

Correct Answer
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Which of the following groups has the lowest weighting in the UK CPI?

Correct Answer
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Which of the following measures allows comparison of the financial well-being of countries' inhabitants?

Correct Answer
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Which of the following options is NOT a set of the Producer Prices Index?

Correct Answer
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C

What is measured by a Consumer Price Index?

Correct Answer
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In Israel, approximately how many price quotations are gathered to calculate CPI?

Correct Answer
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Exam 20: Special Published Indices

The average price index for the UK in 2001 was 120 (base period, 1980) and in 2011 was 134. Calculate the value for the Purchasing Power of the Pound index in 2011 (0 decimal places) .

Correct AnswerverifiedB

Which of the groups listed below showed the largest annual change in Japan, to June 2013?

Correct AnswerverifiedShow Answer

Which subgroup, part of the Indian CPI calculation, had the highest inflation in June 2013?

Correct AnswerverifiedA

Which of the following statements concerning the Index of Production is NOT true?

Correct AnswerverifiedShow Answer

If the Purchasing Power of the Pound index has a value of 75, which of the following statements IS true?

Correct AnswerverifiedShow Answer

Which of the following groups has the lowest weighting in the UK CPI?

Correct AnswerverifiedShow Answer

Which of the following measures allows comparison of the financial well-being of countries' inhabitants?

Correct AnswerverifiedShow Answer

Which of the following options is NOT a set of the Producer Prices Index?

Correct AnswerverifiedC

What is measured by a Consumer Price Index?

Correct AnswerverifiedShow Answer

In Israel, approximately how many price quotations are gathered to calculate CPI?

Correct AnswerverifiedShow Answer

Correct Answer
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B

Correct Answer
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Correct Answer
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A

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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C

Correct Answer
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Correct Answer
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