The Bureau of Labor Statistics has a website (www. bls. gov) that contains a Consumer Price Index inflation calculator that uses the average CPI to adjust the purchasing power of money over different periods of time. The CPI index value has been calculated every year since 1913. The calculator indicated that $2.1 million in 1913 would have the same purchasing power as $23, 930, 909 in 2016.
What was the average inflation rate over this 103-year time period?
The average inflation rate was % per year.
Answers: 1
Business, 22.06.2019 16:00
What impact might an economic downturn have on a borrower’s fixed-rate mortgage? a. it might cause a borrower’s payments to go up. b. it might cause a borrower’s payments to go down. c. it has no impact because a fixed-rate mortgage cannot change. d. it has no impact because the economy does not affect interest rates.
Answers: 1
Business, 22.06.2019 21:30
Which of the following results in an increase in the standard of living? a. an increase in unemployment pushes down the cost of production. b. wages go up to correct for the inflation of prices. c. income increases, enabling consumers to buy more goods and services. d. rising production costs drive up the price of goods and services.
Answers: 1
Business, 22.06.2019 22:50
Awork system has five stations that have process times of 5, 9, 4, 9, and 8. what is the throughput time of the system? a. 7b. 4c. 18d. 35e. 9
Answers: 2
The Bureau of Labor Statistics has a website (www. bls. gov) that contains a Consumer Price Index in...
Advanced Placement (AP), 29.06.2019 07:40
Mathematics, 29.06.2019 07:40
Spanish, 29.06.2019 07:40
Mathematics, 29.06.2019 07:40
Mathematics, 29.06.2019 07:40
Biology, 29.06.2019 07:40