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Asked in Science
What are three criticisms of the CPI?
Criticisms of the CPI All the criticisms of the CPI arise from the fact that it is a fixed weight basket. The three main criticisms are given below: 1. The CPI suffers from a substitution bias. 2. The CPI does not include new products. 3. The CPI does not include quality changes. ...
Asked in Inflation
How do you calculate inflation rate?
Ex: CPI in 2000 is 3,500 CPI in 2001 is 4,500 What's the inflation rate? 4500 - 3500 = 1000 1000/3500 = .2857.... .2857 * 100 = 28.57 is the INFLATION RATE In generality: CPI (Target year 1) - CPI (Target year 2) / CPI (Target Year 2) For this year's inflation since last year: CPI (This Year) - CPI (Last year) / CPI (This year) Source: easycalculation.com ...
Asked in Chevy S-10, Economics, Urban Slang, Vintage Slang
What does CPI stand for?
CPI, in Project Management Terms, is Cost Performance Index. It's an indicator if a project is over budget, on budget, or under budget. CPI > 1 : Project is under budget (this is good) CPI = 1 : Project is on budget (also good) CPI < 1 : Project is over budget, eg costing more than original planned (there's a risk) It could also mean one of various other things, depending on context: Criminal Protection Information Consumer Price Index Characters Per Inch See http://www.answers.com/topic/cpi for many more options. ...
What does M stand for in the political party CPIM?
M stands for Marxist. CPI(M) stands for The Communist Party of India (Marxist) (abbreviated CPI(M) or CPM) is a political party in India. It has a strong presence in the states of Kerala, West Bengal and Tripura ...
Asked in Economics
Why is consumer price index an imperfect measure of the cost of living?
1) CPI does not account for all goods, only some of them. 2) CPI does not account for quality. 3) CPI does not reflect economic conditions surrounding CPI. ...
Asked in Business & Finance
What are the differences between CPI and core CPI?
CPI is the consumer price index. It is a measure of inflation created using various statistics and indicies compiled by the Bureau of Labor Statistics Core CPI is the same number that excludes food and energy ...
Asked in Economics
During a period of inflation the graph of the cpi will fall?
False. If inflation occurs, prices rise. Since the CPI is an indicator of price changes, the CPI will rise correspondingly. ...
Asked in Currency Conversions, US Coins, Inflation
How much would 20000 dollars in 1845 be in todays dollars?
To do this you will want to visit www.bls.gov. This is the government site, The Bureau of Labor Statistics. You would then want to locate the Consumer Price Index (CPI) for both 1845 and the latest published CPI. However, as of right now, the BLS is only reporting a CPI as far back as 1913. I will use this CPI, if you are provided with the value for the 1845 CPI, replace that where the 1913 CPI is in the equations....