0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
If the price index is 130 this means that?
Then prices are 30% higher than in the base year
Which economic indicator accounts for inflation and deflation by comparing average price changes to the prices of a chosen base year?
consumer price index
During a certain six-year period the consumer price index (CPI) increased by 50 but during the next six-year period it increased by only 30. Which of these conditions must have existed during the seco?
Inflation on apexhave a blessed day friends
What is the formula of calculating increase in real GDP?
Nominal GDP/CPI*100 answer will be in $ amount
If the consumer price index was 155 last year and 160 this year what was this years rate of inflation?
((160-155)/155)*100=3.2%
Is the estimated share price set to rise in the UK within the next year?
"Yes the estimated share price is set to rise in the UK within the next year. It is currently rising very slowly, so you should keep an eye on it. It shall have risen drastically in the next year."
When is the next minimum wage increase in Florida?
The next scheduled increase occurs on January 1, next year. The amount of the increase is determined by the Consumer Price Index.
How do you find the price index?
by dividing current year price to base year price
What is the formula for chain base index numbers?
(price of commodity in the given year/ price of the commodity in preceding year) * 100
What is the mathematical formula for calculating price index?
The formula for calculating a price index is (Current Year Cost / Base Year Cost) x 100. The result gives you the price index value, representing the percentage change in price between the current year and the base year.
How do you calculate the chain index number?
Divide the price of the commodity in the given year by the price of the commodity the year before. Then, multiply that number by 100.
Where do experts expect mortgage rates to be next year?
Experts predict that mortgage rates will rise in the next year. Some experts predict they will rise as high as eight percent.
If the price index is 130 this means that?
Then prices are 30% higher than in the base year
Which economic indicator accounts for inflation and deflation by comparing average price changes to the prices of a chosen base year?
consumer price index
When will David Price be a free agent?
next year
How do you pass a CPR test?
consumer price index = market basket of desired year market basket of base year × 100 {\displaystyle {\text{consumer price index}}={\frac {\text{market basket of desired year}}{\text{market basket of base year}}}\times {\text{100}}} or CPI 2 CPI 1 = price 2 price 1 {\displaystyle {\frac {{\text{CPI}}{2}}{{\text{CPI}}{1}}}={\frac {{\text{price}}{2}}{{\text{price}}{1}}}} Where 1 is usually the comparison year and CPI1 is usually an index of 100.Alternatively
What is the new lease year for wholesale price index on recommendation of abhijit sen committee?
2004-05
