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77julia77 [94]
2 years ago
10

Assume the market basket for the consumer price index has two productsmeat and potatoeswith the following values in 2013 and 202

0 for price and quantity?
Business
1 answer:
amm18122 years ago
6 0

Assume the market basket for the consumer price index has two products meat and potatoes, the Consumer Price Index for 2016 equals option c. 129.

<h3>What is meant by the term of consumer Price Index?</h3>

The consumer price index (CPI) is known to be a term that connote the instrument that is often used in the measurement of inflation.

It is said to be one that is often used so that one can be able to estimate the average variation that tend to exist  between two given periods in the prices of products which are known to be consumed by households.

Therefore, based on the image attached, Assume the market basket for the consumer price index has two products meat and potatoes, the Consumer Price Index for 2016 equals option c. 129.

Learn more about consumer price from

brainly.com/question/1889164

#SPJ4

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People-based services are ___________ in today’s world. increasing staying about the same varying from day to day decreasing
ddd [48]

<u>Answer:</u>

<em>People-based services are Increasing in today’s world.</em>

<u>Explanation:</u>

Services in which individuals, <em>instead of hardware or apparatus</em>, assume the significant job in conveyance; for instance, individuals assume the significant job in the <em>conveyance of monetary arranging administrations. </em>

People based services are increasing in today's world as there is need to handle and control the <em>software's and machines</em> that are used to carry out functions.

7 0
4 years ago
Because your patented Gidgit is starting to gain attention and investors are starting to show interest, the executive committee
RideAnS [48]

Answer:

False.

Explanation:

Patent can be defined as the exclusive or sole right granted to an inventor by a sovereign authority such as a government, which enables him or her to manufacture, use, or sell an invention for a specific period of time.

Generally, patents are used on innovation for products that are manufactured through the application of various technologies.

Basically, the three (3) main ways to protect an intellectual property is to employ the use of trademarks, copyright and patents.

In this scenario, Because your patented Gidgit is starting to gain attention and investors are starting to show interest, the executive committee is considering becoming a publicly held company.

Since Gidgit is patented it cannot be sold to the government because it is a registered intellectual property that cannot be used or sold without the approval or consent of the owner.

4 0
3 years ago
Scenario 34-1. Take the following information as given for a small, imaginary economy: When income is $10,000, consumption spend
laiz [17]

Answer:

0.75

Explanation:

Marginal Propensity to Consume (MPC) is the change in consumption due to change in income

Change in consumption = $7,250 - $6,500 = $750

Change in income = $11,000 - $10,000 = $1,000

MPC = Change in consumption / Change in income

MPC = 750 / 100

MPC = 0.75

6 0
3 years ago
Real per capita GDP in China in 1959 was about $350, but it doubled to about $700 by 1978, when Deng Xiao Ping started market re
AleksandrR [38]

Answer:

10.4%

Explanation:

In macroeconomics class we are told that if an economy grows by 10%, it will take them 7 years to double its size.

The answer is not exactly 10%, but it's pretty close:

(1 + x%)⁷ = 2

1 + x% = ⁷√2

1 + x% = 1.104

x% = 1.104 -1 = 0.104 or 10.4%

We can check the answer:  1.104⁷ = 2

8 0
3 years ago
This type of investment typically has a greater long-term-rate of return than a
andrezito [222]

A Stock investment typically has a greater long-term rate of return than a savings account.

<h3>What is a Stock?</h3>

A stock is basically a financial investment that represents fractional ownership of a company or business. In other words, holding a company stock implies you own a percentage share of the business's potential success.

Hence, since there are many guiding factors that could make a once small company into a big company in the future, such as experiencing increased investor interests, etc, it thus makes a stock investment have a greater long-term rate of return than a savings account.

You can learn more about the investment types here brainly.com/question/3729664

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8 0
2 years ago
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