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What is CPI rate?
Consumer Price Index meausres inflation.
Imagine that in 1982 the Bureau of Labor and Statistics (BLS) published the consumer price index at 100. Today the index stands at 185. What is the inflation rate?
85%
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
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%
Why is the CPI a useful took for economists and business?
The CPI (consumer price index) is useful because it allows observation of the rate of inflation in a given economic region.
What is CPI rate?
Consumer Price Index meausres inflation.
A cola automatically raises the wage rate when?
When the consumer price index increases
Imagine that in 1982 the Bureau of Labor and Statistics (BLS) published the consumer price index at 100. Today the index stands at 185. What is the inflation rate?
85%
What is the definition of the term Consumer Price Index?
Consumer Price Index (CPI) is a measure of changes in the purchasing-power of a currency and the rate of inflation. The consumer price index expresses the current prices of a basket of goods and services in terms of the prices during the same period in a previous year, to show effect of inflation on purchasing power. It is one of the best known lagging indicators. See also producer price index.Refer to link below.
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
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%
Why is the CPI a useful took for economists and business?
The CPI (consumer price index) is useful because it allows observation of the rate of inflation in a given economic region.
In 1980 when the consumer price index (CPI) was 82.4 Ivan purchased a house for 71900. Assuming that the price of houses increased at the same rate as the CPI from 1970 to 1980 approximately how much?
33,900
How do you convert the house price index to growth percentages?
The House Price Index should be compared to the annual growth rate. By dividing the marginal growth rate by the HPI during a time parallel. The House Price Index is converted into its marginal growth percentage rate.
Match the economic indicator with its type of measurements?
Retail sales: Growth Growth Domestic Product: Activity Consumer Price Index: Inflation Unemployment Rate: Inactivity
Meaning of inflation rate?
# The Inflation Rate Soars means the rate of increase in the price of goods and services over a given period of time increases tremendously.
In 1990 when the consumer price index (CPI) was 130.7 Deena purchased a house for 98700. Assuming that the price of houses increased at the same rate as the CPI from 1980 to 1990 approximately how muc?
62,200 for apex financial literacy 2.6.2
