Contract adjustment. PPI data are commonly used in adjusting purchase and sales contracts. These contracts typically specify dollar amounts to be paid at some point in the future. It is often desirable to include an adjustment clause that accounts for changes in input prices. For example, a long-term contract for bread may be adjusted for changes in wheat prices by applying the percent change in the PPI for wheat to the contracted price for bread. (See Price Adjustment Guide for Contracting Parties.)
Indicator of overall price movement at the producer level. PPIs capture price movement prior to the retail level. Therefore, they may foreshadow subsequent price changes for business and consumers. The President, Congress, and the Federal Reserve employ these data in formulating fiscal and monetary policies.
Deflator of other economic series. PPIs are used to adjust other time series for price changes and to translate those series into inflation-free dollars. For example, constant-dollar gross domestic product data are estimated using deflators based on the PPI.
Measure of price movement for particular industries and products.
Comparison of input and output costs.
Comparison of industry-based price data to other industry-oriented economic time series.
Forecasting.
LIFO (i.e., last-in, first-out) inventory valuation.
Answer:
You could rephrase this passage from the U.S. Constitution in these words:
"We, citizens of the United States, take the responsibility to defend our freedom, and guarantee it for the future generations."
The Preamble of the Constitution states that constitutional rights have to be thought of as not only something for the living, but also something to be preserved at any cost for the Americans who have yet to be born.
Explanation:
Dozens of Serbs were convicted of war crimes because they approved the policy of ethnic cleansing in the war. An ethnic cleansing is when a mass killing of people from different ethnicities or religious group is done. The correct answer is B.
The federal legislature or congress can repeal the state laws under the necessary and proper clause in order to impose federal laws necessary to provide general welfare and common defense of the nation because they have the authority to do so. This authority was given to them because the people believed that the congress would decide for the common good.
Moreover, only the federal legislature has the right to contract debts, lay taxes and if they believed that a state law may prevent the collection of a federal tax, then they can repeal state laws making sure that it is for the benefit of the United States.
