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uranmaximum [27]
3 years ago
5

A problem with the cpi is that it measures the price of only food and clothing while ignoring what happens to the prices to such

important items as mediacal care and energy?
Business
1 answer:
ikadub [295]3 years ago
8 0

Answer:

No, the Consumer Price Index does not ignore the price changes of medical care and energy.

Explanation:

The consumer price index is a measure that shows the changes in price of the weighted average market basket of goods and services purchased by households for consumption. By definition, this implies that the CPI considers a certain category of goods in its computation. For example, the Bureau for Labor and statistics considers this basket of goods to fall under the following categories:

-Education

-Housing

-Clothing

-Medical

-Food and Beverages

-Transportation

-Recreation

-Other

Based on this, we can ascertain that the CPI considers most of the goods and services purchased by a household on a constant basis such as medical care and energy.

The limitations or problems faced by the CPI include exclusion of the availability of substitutes, intriduction of new goods as time goes on, qualtiy changes and difference in consumption patterns in individuals.

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The basis of equality thinking was laid by French philosophers such as Voltaire, Rousseau and Denis Diderot. The foundation of egalitarianism can be found in the American Declaration of Independence, which was largely drafted by Thomas Jefferson and which was adopted by representatives of the then 13 British colonies on the American East Coast on July 4, 1776.

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Learn more in brainly.com/question/20689314

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2 years ago
Goodwill is: Multiple Choice Amortized over the greater of its estimated life or 40 years. The excess of the fair value of a bus
Svet_ta [14]

Answer:

Goodwill is:

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Explanation:

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Goodwill arises from a company's good reputation, loyal customers or clientele base, brand identity, talented workforce, and proprietary technology.

Goodwill does not have a definite life and under US GAAP and IFRS standards.  Therefore, it is not amortized like other intangible assets but is evaluated for impairment every year.

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3 years ago
What is a web browser?
Viefleur [7K]

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What are the main parts of a web browser

Answer: ...

Status Bar: ...

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3 years ago
Is working at hobby lobby as a cashier hard
mojhsa [17]
Working at Hobby Lobby is like working at any other retail store. People ask where things are, you'll probably have to clean once in a awhile but it's fun and looks great on resumes for the future. Also, if you do work there, you probably won't be doing just the register.
6 0
3 years ago
An investor places $5,000 in an account. The stated annual interest rate is 6% compounded monthly. The value of the account at t
Nostrana [21]

Answer:

$5,983.40

Explanation:

Data provided in the question:

Principle amount = $5,000

Interest rate, r = 6% = 0.06

Time, t = 3 years

Compounded monthly i.e number of periods n = 12

Now,

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or

Final amount = $5,000 × \left( 1 + \frac{0.06}{12} \right)^{\Large{12\times3}}

or

Final amount = $5,000 × 1.005³⁶

or

Final amount = $5,000 × 1.196

or

Final amount = $5,983.40

7 0
3 years ago
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