Suppose that 1983 is the base year for the consumer price index (cpi) and in 2014 the cpi was 220. what does this "220" mean?

1 answer:

8 0

<span> <span>CPI refers to a weighted average of the price of a basket of essential goods and services over a period of time in comparison to the same period in the past (base period). The value of '220' means that prices of the goods/services in the aforementioned basket are 120% higher than they were during the base period (1983). The purpose of calculating this metric is to highlight the effect of inflation on the purchasing power of the people within that particular place. Examples of goods and services that are often included in this basket are food, housing transport and healthcare (based on the consumer habits of that particular place.</span></span>

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The correct answer is (b)permitted because the contract is just for music lessons.

Explanation:

Recall that,

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The reciprocals of one another is the term that describes the relationship between the flow rate and the capacity of each labor resource that works in a process.

<h3>What is a flow rate in production?</h3>

Its means the amount of flow units such as a customers, money, goods going through the business process per unit time.

Hence, the flow rate and capacity of each labor resource are reciprocal because they work together in a process unit.

Read more about flow rate

<em>brainly.com/question/24356835</em>

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Answer:

The non-partisan organization that has set the rules for U.S. presidential and vice presidential debates since 1987 is discussed below in details.

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A non-partisan system is an arrangement of administration or organizations such that general and intermittent elections take place without relating to political parties. there are two types of Non-partisan organizations: De facto and De jure.

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Answer:

a. The percentage change in pizza prices is -25.00%.

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c. The cross elasticity of demand for pizza and skateboards is -23.53%.

We follow these steps to arrive at the answer.

<h3>a. Percentage change in price of pizza</h3>

The percentage change in price of pizza using the midpoint formula is:

$percentage change in price = ({\frac{P_{2} - P_{1}}{Average price})*100$