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consumer index

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Q: What index measures the general change in prices over time?
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Which economic indicator measures the change in prices of specific goods and services over time?

The Consumer Price Index (CPI) basically measures inflation. The CPI takes a basket of goods and sees how much each of those goods costs. A change in the price of this basket of goods produces a change in the CPI. The CPI is representative of the prices of all goods in the economy for the United States and measures the changes in these prices over time.


Index numbers serve as economic barometers?

Index numbers are measures of relative changes and can show only a general tendency. In this sense they are techniques for estimating the general trends in prices, production and other economic variables. They are used to feel the pulse of the economy and they indicate the inflationary and deflationary tendencies.


What measures density index?

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How is inflation measured in Ghana?

is measured by using the consumer price index which measures the change in price level


What are stock indexes used for?

A stock index measures the value of a section of a stock market. Investors and financial managers compute this index from the prices of selected stocks. It describes the market and compares the return on certain investments.


What is the history of index number of additional mathematics?

The index number in economic terms refers to an economic data figure reflecting price or quantity compared with a standard or base value. The best known index number is the consumer price index, which measures changes in retail prices paid by consumers.


What is the Business English Index or BEI?

Business English Index or BEI is an index that measures business English proficiency in the workplace.


What is a golf index?

A golf index is the same thing as a golf handicap - it measures a golfer's ability.


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

producer price index


The recovery index test measures?

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What is the CPI and how is it used?

CPI is the consumer price index. It measures the amount of goods and services being bought by consumers. CPI is closely associated with GDP by measuring how well the economy is doing as a whole. With CPI you can calculate inflation by taking the change in prices of goods people buy from period to period.


What is disadvantages of the consumer price index?

According to Wikipedia, the Consumer Price Index (or CPI) is the way the government measures the changing prices of goods and various services. It also helps aid in determing the rate for salaries, goods, and also pensions. http://en.wikipedia.org/wiki/Consumer_price_index