T F The median of a dummy variable will always be either 0 or 1. T F A single price relative can be compared meaningfully to the consumer price index so long as they both have the same base year.

T F The numerator of the Laspeyres index is the counterfactual or hypothetical expenditure that cannot actually be observed at any point in time.

T F The rate of inflation over time in Hermosillo, Mexico can legitimately be compared with the rate of inflation in Casablanca, Morocco using consumer price indices from each place.

T F If the covariance of height and weight is positive, the correlation between the two variables must also be positive.

T F If deflation (deflation is the opposite of inflation) occurs from one month to the next, the values of the (Laspeyres) consumer price index must have declined.

Also with a written reason, please