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Then prices are 30% higher than in the base year

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Q: If the price index is 130 this means that?
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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.


A measurement that shows how the average price of a standard group of goods changes over time is referred to as the .?

Price Index


What index measures price changes received by domestic producers for their output?

producer price index


If the price index in period 3 is 125 and the price index in period 4 is 140 the rate of inflation between period 3 and 4 is?

Final price index = 140 Initial price index = 125 Therefore, difference in price index between period 3 and 4 is : 140 - 125 = 15 Lastly, 15/125 * 100 = 12%


What indicator does the government use to measure inflation?

Consumer Price Index (CPI)


What does the typical family have to do when the consumer price index rises?

When the consumer price index rises the typical family has to spend more money. The price index will directly affect the cost of living for a family.


What is the Consumer Price Index CPI?

an index determined by measuring the price of standard goods bought by urban consumers


What is the absolute level of a price index?

Price level


If a coat is 60 percent sale price and it is originally 130 what is the new price?

This depends on whether the 60% is 60% of the original price, or 60% off the original price.60% of the original price is 60/100 x 130 = 7860% off the original price is 130 - 78 = 52


Is the Dow Jones a price weighted average?

Yes, the Dow Jones Industrial Index is a price weighted index.


When was Consumer Price Index - United Kingdom - created?

Consumer Price Index - United Kingdom - was created in 1947.