Microeconomics,, 16th Canadian Edition

(Sean Pound) #1
Calgary 6.25

UBC 7.25


Victoria 7.00

a. Using Calgary as the “base university,” construct the
Canadian university pizza price index.
b. At which university is pizza the most expensive, and by
what percentage is the price higher than in Calgary?
c. At which university is pizza the least expensive, and by
what percentage is the price lower than in Calgary?
d. Are the data listed above time-series or cross-sectional
data? Explain why.
9. According to Statistics Canada, Canada’s exports and imports of
energy (combined totals of fossil fuels, hydro, and nuclear, all
measured in petajoules) over a five-year period were as follows:


Exports Imports

2012 11 225 3706


2013 11 687 3550


2014 11 821 3262

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