Business

Business, 09.11.2019 09:31, anggelkevin100

What does the consumer price index measure?

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Business, 22.06.2019 19:20, needhelp243435

This problem has been solved! see the answerwhich of the following statements is correct? the consumer price index is a measure of the overall level of prices, whereas the gdp deflator is not a measure of the overall level of prices. if, in the year 2011, the consumer price index has a value of 123.50, then the inflation rate for 2011 must be 23.50 percent. compared to the gdp deflator, the consumer price index is the more common gauge of inflation. the consumer price index and the gdp deflator reflect the goods and services bought by consumers equally well.

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Business, 09.11.2019 01:31, Rawknowledge24

Which of the following statements is correct? a. in order to calculate the inflation rate for the year 2011, we need to know the values of the consumer price index for the years 2009, 2010, and 2011.b. changes in the consumer price index are often thought to be useful in predicting changes in the producer price index.c. despite its name, the "consumer price index" really measures the overall cost of the goods and services bought by consumers, business firms, and units of government.d. if the prices of all goods and services changed proportionately over time, then the consumer price index would reflect no substitution bias.

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Business, 27.11.2019 01:31, bryant0103

Which of the following is not correct? a. the consumer price index is used to monitor changes in the cost of living over time. b. the consumer price index is used by economists to measure the inflation rate. c. the consumer price index gives economists a way of turning dollar figures into meaningful measures of purchasing power. d. the consumer price index is used to measure the quantity of goods and services that the economy is producing.

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