Question
According to an article in the Globe and Mail in2012: Canada's statistics agency is refining the consumer priceindex, a key economic yardstick for matching pensions
According to an article in the Globe and Mail in2012:
Canada's statistics agency is refining the consumer priceindex, a key economic yardstick for matching pensions and salaries to the rising cost of living- and the result could mean sizable savings for governments and corporations that hike payments annually to keep pace with inflation.
From Steven Chase and TaviaGrant, "Retooling of Key Inflation Measure to Influence Pensions andWages," Globe and Mail, February13, 2012.
Statistics Canada would engage in this exercise because it acknowledges that currently the inflation rate based on the CPI overestimates/underestimates the actual inflation rate. (which one over or under)
What kind of benefits does not do changes in the CPIaffect?
A.
child-support payments
B.
old age security
C.
welfare rates
D.
tax benefits
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