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What is measures changes in the prices of goods and services?
In the United States the changes in the price of goods & services is measured by the "Consumer Price Index". This is a summary of what is termed a "bread basket" of items that are measured by the Department of Labor. A certain weight to items in the bread basket is given by Labor Dept. economists. From time to time the items in the CPI (consumer price index ) are changed based on economic formulae.
What measures changes in the prices of goods and services?
In the United States the changes in the price of goods & services is measured by the "Consumer Price Index". This is a summary of what is termed a "bread basket" of items that are measured by the Department of Labor. A certain weight to items in the bread basket is given by Labor Dept. economists. From time to time the items in the CPI (consumer price index ) are changed based on economic formulae.
Is bread elastic or inelastic?
Inelastic It is inelastic because it is a necessity, which is a factor that determines price elasticity, bread is a staple diet around the world which makes it a need and therefore a necessity which is inelastic.
When income increases the demand for which type of good decreases?
The goods whose demand decrease as Income increase are called inferior goods like say for a low income say you had chosen to consume bread, but as your income rose you shift from bread to pizzas. Thus demand for bread falling.
Who amongst thomas Adam smith walker ruskin is called as bread and butter scientist of economics?
Adam Smith
What state is called the bread basket?
Kansas-"America's Bread Basket"
Why do you think that prairies are often called the bread basket of the world?
The grain used to make much of the worlds bread is grown on prairies.
What colony was called the bread basket?
Kansas
What is called the bread basket of our country?
Central Califfornia?
What is an egg in a piece of bread called?
It is called an egg in a basket !! FYI
Where is the bread basket in the U.S. located?
the nation's bread basket is how we refer to the fertile agricultural land of the deforested central plains because it has the best farmland in the entire world. the term 'bread basket' is used because a lot of our crops are from the central plains, or the bread basket.
What province was once known as the bread basket of the world?
sassathewan
What part of the body is the bread basket?
the prairie is referred to the bread basket
Which biome is the bread basket of the world is called?
The prairies are often called the "Breadbaskets of the world" because they are the biome most rich in soil nutrients and is most often used for agriculture.
When was The Basket of Bread created?
The Basket of Bread was created in 1926.
When was Basket of Bread created?
Basket of Bread was created in 1945.
How is combining important to Canada?
Canada who'd not be called the bread basket
