subject
Business, 13.03.2020 21:34 mia3128

In Bovania, milk constitutes 56% of the typical basket of goods for a typical consumer. Let's say the price of milk rises by 7% and the prices of all other goods fall by 4%. Based on the information given, we can definitely say...

The answer is that the CPI in Bovania is greater this year than in the previous year - but why? How can we make a statement about the CPI without knowing any prices of any goods in Bovania's economy?

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 19:30
In business,what would be the input, conversion and output of operating a summer band camp
Answers: 1
question
Business, 22.06.2019 13:30
The purpose of safety stock is to: a. eliminate the possibility of a stockout. b. control the likelihood of a stockout due to variable demand and/or lead time. c. eliminate the likelihood of a stockout due to erroneous inventory tally. d. protect the firm from a sudden decrease in demand. e. replace failed units with good ones.
Answers: 1
question
Business, 22.06.2019 19:00
In north korea, a farmer’s income is the same as a dentist’s income. in a country with a mixed or market economy, the difference between those two professions might be more than 5 times different. how can you explain the fact that individuals doing the same work in different countries do not earn comparable salaries?
Answers: 1
question
Business, 22.06.2019 19:50
Ichelle is attending college and has a part-time job. once she finishes college, michelle would like to relocate to a metropolitan area. she wants to build her savings so that she will have a "nest egg" to start her off. michelle works out her budget and decides she can afford to set aside $9090 per month for savings. her bank will pay her 4 %4% per year, compounded monthly, on her savings account. what will be michelle's balance in five years?
Answers: 3
You know the right answer?
In Bovania, milk constitutes 56% of the typical basket of goods for a typical consumer. Let's say th...
Questions
Questions on the website: 13722367