21- Which of the following is not one of the problems with index number?

Select one:

a. Choice of the current year

b. Choice of the base year

c. Choice of an average

d. Selection of commodities

e. Choice of index

23- Assume nominal money supply grows by 8%, velocity of income grows by 2% and real GDP grows by 3%. We can conclude that the rate of inflation is about

Select one:

a. -7%

b. +8%

c. -2%

d. +2%

e. +7%

26- Which of the interpretations on variation coefficient is wrong?

Select one:

a. Variation coefficient is between 61%-80% means relatively heterogeneous

b. Variation coefficient is between 61%-100% means homogeneous.

c. Variation coefficient is between 21%-40% means relatively homogeneous.

d. Variation coefficient is between 0%-20% means homogeneous.

e. Variation coefficient is between 81%-100% means heterogeneous.

27-If the currency-deposit ratio is 50%, the reserve-deposit ratio is 10% and the stock of high-powered money is H = 500, money supply is

Select one:

a. 1600

b. 1000

c. 2000

d. 2500

e. 1250

30- Which of the following cannot be considered as a service?

Select one:

a. Education

b. Transportation

c. Tourism

d. Gasoline

e. Insurance