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roughly 10% lower than they were in the base year. lol Macroeconomics test

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15y ago

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What happens when the producer price index goes up?

The producer price index is a number that measures the amount of most wholesale goods. When the producer price index goes up, then that means the economy is slipping into a recession.


If the price index is 130 this means that?

Then prices are 30% higher than in the base year


Using 1995 as the base period the price index for cars is 140. What does this index number mean?

A price index of 140 for cars using 1995 as the base period means that the price of cars has increased by 40% since 1995. In other words, if a car cost $20,000 in 1995, it would cost $28,000 in the current period represented by this index. This indicates significant inflation or changes in the market value of cars over that time.


What is sensitive price index?

(Mathematics & Measurements / Statistics) a numerical scale by means of which variables, such as levels of the cost of living, can be compared with each other or with some base number


What is world price index?

The World Price Index (WPI) measures the value of an urban selection of goods and services at purchasing power parity, reflecting the real purchasing power of different nations. With same-month prices, monthly and rolling annual averages can be created, allowing for rapid and accurate international price comparisons. The World Economics World Price Index is designed to provide a timely and practical solution to the problems posed by international comparisons. It is intended for companies that transact across countries and currencies, for governments and for international non-governmental institutions. The key difference between the World Price Index and other international PPP comparisons is the timeliness of the data. WPI figures are released the same month they are collected. This means WPI data is the most up-to-date exchange rate adjustment mechanism available.

Related Questions

If the price index is 225 what does it mean?

If the price index is $225 that means that the item or items in question averages about $225 for price. This can measure one item or a group of items. Price index is the average cost on the market for items.


What happens when the producer price index goes up?

The producer price index is a number that measures the amount of most wholesale goods. When the producer price index goes up, then that means the economy is slipping into a recession.


If the price index is 130 this means that?

Then prices are 30% higher than in the base year


How do you get a Vegetarian?

What do you mean 'get' a vegetarian??If you mean become one or what is a vegetarian it means someone who doesn't eat meat.


What is A share index?

It actually means this. stock index Or stock market index.


What is non vegetarian?

Non-vegetarian means that an individual still chooses to eat meat, fish, and eggs.


What is a word that means going without meat?

Vegetarian or vegan (these are two different things but both do not eat meat)


What is sensitive price index?

(Mathematics & Measurements / Statistics) a numerical scale by means of which variables, such as levels of the cost of living, can be compared with each other or with some base number


How do you write a sentence about assume?

I assume you know what the word means.


What does 'chay' mean as endearment?

Chay is Vietnamese, and it means vegetarian...lol :)


What do you call the width of the index finger?

There is no scientific name for the width of the index finger. The name index finger literally means pointing finger.


What is an IG Index used for?

IG means Investor's Gold Index. This was the forum name for the OPGroup, and IG measured their gold stock index.