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Umnica [9.8K]
1 year ago
11

If 51 percent of all goods in the consumer price index (cpi) became more expensive and 49 percent became cheaper?

Business
1 answer:
Vaselesa [24]1 year ago
3 0

If 51 percent of all goods in the Consumer Price Index (CPI) became more expensive and 49 percent became cheaper then inflation or deflation could occur.

Inflation refers to an increase in the overall price level where goods becoming expensive. By calculating changes in a measure called the Consumer Price Index (CPI), the official inflation rate is tracked. Thus, the CPI tracks changes in the cost of living over time.

The CPI is the most commonly referenced index in the U.S. The economy is experiencing deflation when the change in prices in one period is lower than the next. This reveals that the CPI index has declined.

Hence, depending upon the changes in the economy, inflation or deflation could occur.

To learn more about Consumer Price Index (CPI) here:

brainly.com/question/8416975

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Facilities, factories, and production lines with very large equipment are all classified as installations.

What is production?
Production is the process of combining different immaterial inputs (plans, knowledge) with material inputs to create something that is intended for consumption (output). It is the process of producing an outcome, a good as well as service that has value and enhances people's utility. Production theory, a branch of economics that focuses on production, is entwined with consumption (or consumer) economic theory. Utilizing the initial inputs productively leads to the production process and the output (or factors of production). Land, labour, as well as capital are regarded as the three primary production factors and are referred to as primary producer products or services. Both the output process and the final product do not significantly change these essential inputs or turn them into integral parts of the final product.

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3 0
1 year ago
"Moccasin Company manufactures cotton shirts. 12,000 shirts are produced during the first week of July. The unit quantity standa
steposvetlana [31]

Answer:

<em>The answer is 72,000 Meters.</em>

Explanation:

From the question given, let us recall:

Moccasin Company produces cotton shirts.  =12,000

The unit quantity standard = 6 meters

The  quantity used actually was   = 0.50 meters per shirt

The next step is to determine  the quantity of cloth that should be used for the actual output of 12,000 shirts.

Quantity of cloth that should be used

= 12,000 * 6 meters cloth per shirt

= 72,000 Meters

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