Question 16 Table 6-4 This table shows the CPI for various categories of goods and services. Year 1 Year 2 Food and Beverages 168,4 1736 Housing 169,6 1762 Transportation 153,3 154,3 Gasoline 139,6 141,4 Refer to the Table 6-4. Of those categories, which one had the lowest rate of ination? A a. transportation A b. gasoline A' 0. food and beverages A' d. housing Question 19 1 points Save Answer In 1954, Canadian Prime Minister Louis Stephen St. Laurent was paid a salary of $15,000. Stephen Harper, the Prime Minister in 2014, was paid $157,731. The price index for 1954 is 14.1 and the price index for 2014 is 121.7. What is, approximately, Prime Minister St. Laurent's salary equivalent in 2014 dollars? Oa. $110,500 Ob. $114,500 Oc. $129,500 Od. $211,500Question 21 1 points Save Answer Research done at the Bank of Canada suggests that the sources of bias in CPI, taken together, cause the Canadian CPI to overstate increases in the cost of living. How much does the research indicate it is overstated by? a. 0.5 percentage points Ob. 1.6 percentage points Oc. 2.1 percentage points Od. 3.4 of a percentage point