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Zina [86]
3 years ago
14

The value of the consumer price index (CPI) is best described as the:______

Business
2 answers:
Ivenika [448]3 years ago
8 0

Answer:

Option A.

Current year prices to base year prices, holding the market basket content constant

Explanation:

In simpler terms the Consumer price index a value used in measuring inflation in an economy. It  is a value that measures the weighted average of a basket of consumer goods and services such as food and transportation, healthcare etc. They are used to assess price changes associated with the cost of living in a particular society.

The formula for calculating The Consumer Price index is given as

CPI=  (Cost of Market Basket in Base Year / Cost of Market Basket in Given Year ) ×100

This makes the correct answer option A.

MrMuchimi3 years ago
4 0

Answer:

E) Current year quantity to base year quantity, including changes in the price of the market basket.

Explanation:

Consumer Price Index is an economic strategy which is used to check inflation. Consumer Price Index, also referred to ad C.P.I, is used to weigh the price level of the market basket which individuals purchase. When consumer price index is mentioned, thoughts usually go to price levels of goods and services and the changes it harbours. It is always necessary that a country checks its market for any sign of inflation and that is the use of the consumer price index. This checks for consumer purchase activity as well as the different price levels.

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Answer:

The correct answer is (E) continued to pour money into the stock market in the belief that the American economy was

Explanation:

Inflation can affect cash flows to a greater or lesser extent, depending on their nature. Thus inflation could affect sales prices more, or costs. The entrepreneur generally fights inflation trying to reduce costs and maintain competitive prices, but he can not against generalized inflation in the economy, and consequently his cash flows could be, in real terms, increasingly lower, by the loss of the power to buy money. In this way, inflation encourages investments with rapid recovery and that require less capital investment.

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3 years ago
Which feature is a characteristic of secure access? select one: accounting deception environment simulation compliance
Arte-miy333 [17]

Compliance is a feature of secure access.

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5 0
2 years ago
The following information is taken from the records of Erie Corp.(in thousands) for the year ended on December 31: 2019 2018 Sal
den301095 [7]

Answer:

<u>Favourable Changes:</u>

Sales

Gross Profit

Operating Income

Interest Expense

Net Income

<u>Unfavourable Changes:</u>

Cost Of Sales  

Selling Expenses  

General Expenses

Other Revenue

Income Taxes

Explanation:

Observe Movement from 2018 results to 2019 results

                                        Erie Corp

                   Vertical Analysis of Income Statement

                                                                2019                    2018

Sales                                                        1,397                    1,122

Less Cost Of Sales                                   935                      814

Gross Profit                                               462                      308

<u>Less Operating Expenses</u>

Selling Expenses                                      154                       121

General Expenses                                     88                        77

Operating Income                                   220                       110

<u>Less Non- Operating Expenses</u>

Other Revenue                                            4                          7

Interest Expense                                         2                          9

Income Taxes                                           134                        66

Net Income                                                88                        42

8 0
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Why is going to a restaurant to eat dinner both a good.and a service
lions [1.4K]
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Blizzard [7]

Answer:

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