Business, 09.01.2020 07:31 anaaaa46

The consumer price index (cpi) is best used to determine
a) the dow jones index.
b) the rate of inflation.
c) the unemployment rate.
d) currency exchange rates.

Answers: 3

Show answers

Answers

Answer from: cece4649

The answer is "B)the rate of inflation".

Inflation alludes to a general increment in the Consumer Price Index (CPI), which is a weighted normal of costs for various products. The arrangement of products that make up the record relies upon which are viewed as illustrative of a typical utilization crate. Therefore, contingent upon the nation and the utilization propensities for most of the populace, the file will include diverse merchandise. A few merchandise may record a drop in costs, though others may build, along these lines the general estimation of the CPI will rely upon the heaviness of every one of the products as for the entire bin. Yearly expansion, alludes to the percent change of the CPI contrasted with that same month of the earlier year.

Answer from: prettyluhangel

Option (B) is correct.

The consumer price index is best used to determine the rate of inflation.

Further Explanation:

Consumer Price Index: Consumer Price Index is a measurement that analyzes the price of various goods and services basket over the years to conclude the change in the price of the goods and services over the years.

CPI is used for determining inflation. All the identical goods and services are divided into baskets, and then the weighted average price of the basket is compared to the prior year’s weighted average price. It measures the change in the price. Inflation is the increase in the price of goods over the years. The comparison of the prices of several years would be helpful for determining the inflation rate for the current year.

Thus, the Consumer Price Index (CPI) is the best used for determining the rate of inflation.

Justification for the correct and incorrect option:

The Dow Jones Index: This is an incorrect option.

The Dow Jones Index is a stock market index. It deals with the value of the listed stocks.

The rate of inflation: This is the correct option.

Consumer Price Index is used for determining the change in the price of the goods and service over the period.

The unemployment rate: This is an incorrect option.

The unemployment rate is the rate of unemployed citizens in an economy.

Currency exchange rates: This is the incorrect option.

The currency exchange rate is the rate at which two currencies are exchanged with each other.

Learn more:

1.Learn more about the demand and supply

2.Learn more about the size of the economic pie

3.Learn more about the economy of Iceland

Answer details:

Grade: Middle School

Subject: Economics

Chapter: Inflation

Keywords: CPI, Consumer Price Index, determine, Dow Jones Index, rate of inflation, unemployment rate, currency exchange rates, goods and services, bucket, change in price, prior year, previous year, current year.

Answer from: Quest

explanation:

what

Answer from: Quest

Ibelieve it's the left middle finger

Another question on Business

Business, 22.06.2019 02:20

The following information is available for jase company: market price per share of common stock $25.00 earnings per share on common stock $1.25 which of the following statements is correct? a. the price-earnings ratio is 20 and a share of common stock was selling for 20 times the amount of earnings per share at the end of the year. b. the market price per share and the earnings per share are not statistically related to each other. c. the price-earnings ratio is 5% and a share of common stock was selling for 5% more than the amount of earnings per share at the end of the year. d. the price-earnings ratio is 10 and a share of common stock was selling for 125 times the amount of earnings per share at the end of the year.

Answers: 1

Answer

Business, 22.06.2019 03:30

< back to assignment attempts: 1 1 keep the highest: 1 / 2 2. determining opportunity cost juanita is deciding whether to buy a suit that she wants, as well as where to buy it. three stores carry the same suit, but it is more convenient for juanita to get to some stores than others. for example, she can go to her local store, located 15 minutes away from where she works, and pay a marked-up price of $102 for the suit: store travel time each way price of a suit (minutes) (dollars per suit) local department store 15 102 across town 30 88 neighboring city 60 65 juanita makes $42 an hour at work. she has to take time off work to purchase her suit, so each hour away from work costs her $42 in lost income. assume that returning to work takes juanita the same amount of time as getting to a store and that it takes her 30 minutes to shop. as you answer the following questions, ignore the cost of gasoline and depreciation of her car when traveling. complete the following table by computing the opportunity cost of juanita's time and the total cost of shopping at each location. store opportunity cost of time price of a suit total cost (dollars) (dollars per suit) (dollars) local department store 102 across town 88 neighboring city 65 assume that juanita takes opportunity costs and the price of the suit into consideration when she shops. juanita will minimize the cost of the suit if she buys it from the . grade it now save & continue continue without saving

Answers: 1

Answer

Business, 22.06.2019 05:20

Carmen co. can further process product j to produce product d. product j is currently selling for $20 per pound and costs $15.75 per pound to produce. product d would sell for $38 per pound and would require an additional cost of $8.55 per pound to produce. what is the differential revenue of producing product d?

Answers: 2

Answer

Business, 22.06.2019 11:20

Ardmore farm and seed has an inventory dilemma. they have been selling a brand of very popular insect spray for the past year. they have never really analyzed the costs incurred from ordering and holding the inventory and currently fave a large stock of the insecticide in the warehouse. they estimate that it costs $25 to place an order, and it costs $0.25 per gallon to hold the spray. the annual requirements total 80,000 gallons for a 365 day year.a. assuming that 10,000 gallons are ordered each time an order is placed, estimate the annual inventory costs.b. calculate the eoq.c. given the eoq calculated in part b., how many orders should be placed and what is the average inventory balance? d. if it takes seven days to receive an order from suppliers, at what inventory level should ardmore place another order?

Answers: 2

Answer

You know the right answer?

The consumer price index (cpi) is best used to determine
a) the dow jones index.
b) the...

Questions