1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
nirvana33 [79]
3 years ago
9

The Consumer Price Index (CPI) is best used to determine

Business
2 answers:
nlexa [21]3 years ago
8 0

The answer is<u> "B) the rate of inflation".</u>


Inflation alludes to a general increment in the Consumer Price Index (CPI), which is a weighted normal of costs for various products. The arrangement of products that make up the record relies upon which are viewed as illustrative of a typical utilization crate. Therefore, contingent upon the nation and the utilization propensities for most of the populace, the file will include diverse merchandise. A few merchandise may record a drop in costs, though others may build, along these lines the general estimation of the CPI will rely upon the heaviness of every one of the products as for the entire bin. Yearly expansion, alludes to the percent change of the CPI contrasted with that same month of the earlier year.

oksano4ka [1.4K]3 years ago
5 0

Option (B) is correct.

<u>The consumer price index is best used to determine the rate of inflation. </u>

Further Explanation:

Consumer Price Index: Consumer Price Index is a measurement that analyzes the price of various goods and services basket over the years to conclude the change in the price of the goods and services over the years.

CPI is used for determining inflation. All the identical goods and services are divided into baskets, and then the weighted average price of the basket is compared to the prior year’s weighted average price. It measures the change in the price. Inflation is the increase in the price of goods over the years. The comparison of the prices of several years would be helpful for determining the inflation rate for the current year.

<u> Thus, the Consumer Price Index (CPI) is the best used for determining the rate of inflation. </u>

Justification for the correct and incorrect option:

A.

The Dow Jones Index: This is an incorrect option.

The Dow Jones Index is a stock market index. It deals with the value of the listed stocks.

B.

The rate of inflation: This is the correct option.

Consumer Price Index is used for determining the change in the price of the goods and service over the period.

C.

The unemployment rate: This is an incorrect option.

The unemployment rate is the rate of unemployed citizens in an economy.

D.

Currency exchange rates: This is the incorrect option.

The currency exchange rate is the rate at which two currencies are exchanged with each other.

Learn more:

1. Learn more about the demand and supply

brainly.com/question/8794304

2. Learn more about the size of the economic pie

brainly.com/question/6156396

3. Learn more about the economy of Iceland

brainly.com/question/3640343

Answer details:

Grade: Middle School

Subject: Economics

Chapter: Inflation

Keywords: CPI, Consumer Price Index, determine, Dow Jones Index, rate of inflation, unemployment rate, currency exchange rates, goods and services, bucket, change in price, prior year, previous year, current year.

You might be interested in
acuBlade Castings Inc. casts blades for turbine engines. Within the Casting Department, alloy is first melted in a crucible, the
romanna [79]

Answer:

For complete understanding lets first make EPU (Equivalent Production Unit)

                                                             Direct Material     Conversion

Units completed &transferred out         6,800                      6,800

Closing WIP                                               500                        100(500*20%)

Total units                                                7,300                       6,900

Closing WIP units = Opening WIP +During the year - units completed

                              = 700                 +     6,600           - 6,800

                              =500 units

On the basis of weighted average method following will be cost per unit:

Total Direct material cost/unit = (70,000 + 633,600)/7,300  = 96.3835

Total conversion cost/unit =(4,410+53,520+80,280(53,520*150%))/6,900=20.0304

Therefore, following would be the entries

WIP                      767,400

Material                               633,600

Conversion                          133.800 (53,520+80,280)

Finished goods    791,615 (96.3838+20.0304)*6,800

WIP                                        791,615

Working for closing unit

Material (500*96.3835) = 48,191

Conversion (500*20%*20.0304) = 2003.043

3 0
3 years ago
Keenan owns a retail store. He often receives payments from some of his manufacturers to ensure their products are placed in the
Serjik [45]

Answer: Slotting allowances

Explanation:

 The slotting allowances is the term which is used to charge by the manufacturers for the specific products and the services ion the market. It is also known as the slotting fee and the charged allowances is specifically varies or depend upon the specific products and the different marketing conditions.

According to the given question, the slotting allowances is refers as the payment that is made by the producers for ensuring their goods and the services best place.  

 Therefore, Slotting allowances is the correct answer.          

3 0
2 years ago
Read the scenario and answer the question.
Aleksandr-060686 [28]

Answer:

A). The price of gasoline increased in coastal cities since gasoline was harder to find.

Explanation:

As per the principles of demand and supply, a decrease in supply while demand remains constant will cause the price to increase.  In Georgia, the supply of gasoline was interrupted by the storm's effect. There was little gasoline coming in, leading to a shortage. After Electricity went off, gasoline demand must have gone high as people needed fuel for generators.

Gasoline has no close substitutes, especially when used as fuel for cars and generators. A shortage results in the scramble for the little available products. Sellers hike prices to maximize profits, and buyers are willing to pay more to get the scarce gasoline, thereby increasing its prices.

6 0
3 years ago
Fore Farms reported a pretax operating loss of $137 million for financial reporting purposes in 2021. Contributing to the loss w
Brums [2.3K]

Answer: Hello your question is incomplete attached below is the complete question

answer:

1) attached below

2) Net operating income ( loss )  = - $104 million

Explanation:

Pretax operating loss = - $137 million

Non deductible Losses ; $5 million fine paid in 2021 ,

estimated $12 million loss from contingency that will be tax deductible in 2022

Enacted tax rate = 25%

Taxable operating income = - $120 million

attached below is the solution

4 0
3 years ago
Munoz Sporting Goods Corporation makes two types of racquets, tennis and badminton. The company uses the same facility to make b
maks197457 [2]

Answer:

l

Explanation:

6 0
3 years ago
Other questions:
  • When valuing a stock using the constant-growth model, d1 represents the?
    10·1 answer
  • Registration in Ms. McNick's classes reaches maximum enrollment quickly. Students register immediately online just to insure the
    13·1 answer
  • Following up on bad news in writing is important to _________. a. promote good relations b. formally confirm follow-up procedure
    15·1 answer
  • Eukaryotic cells are continually taking up materials from the extracellular space by the process of endocytosis. One type of end
    11·1 answer
  • A limited liability company (LLC) will be taxed as a corporation unless it elects to be taxed as a partnership. True False
    9·1 answer
  • ALT Inc. conducts periodic reviews of the distribution of pay and the favorable outcomes granted to employees, such as promotion
    14·1 answer
  • Binta always consumes Chick-fil-A chicken with Chocolate Milkshake, she will only have some utility if she consumes them togethe
    15·1 answer
  • A loan is amortized over five years with monthly payments at an annual nominal interest rate of 9% compounded monthly. The first
    14·1 answer
  • Please, help, I will award brainliest!
    13·1 answer
  • Kathy Thompson has determined that the value of her assets is $64,000 and the value of her debts is $23,000. The difference betw
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!