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Dmitry [639]
3 years ago
11

The consumer price index is the:

Business
2 answers:
Dmitry [639]3 years ago
5 0

Answer:

B. cost of a market basket of goods and services typically consumed in the current period.

Andru [333]3 years ago
3 0

Answer:

B) cost of a market basket of goods and services typically consumed in the current period.

Explanation:

The consumer price index (CPI) measures the weighted average cost of a basket of goods that includes food, medical care, transportation, clothing, etc.

The Bureau of Labor Statistics (BLS) measures the CPI on a monthly basis since 1913 in urban areas around the country. For example, we are in March 2020, and the BLS already calculated that the CPI for February 2020 increased by 0.1% because food and shelter prices increased even though energy prices decreased.

The CPI is used to measure the inflation rate, but it doesn't measure the GDP's inflation, since the CPI includes imported goods. The CPI of the current year is matched against the CPI of a base year to determine accumulated inflation. Or it can be matched against the CPI of the previous year to calculate the inflation rate of the last year.

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Bradley currently has a Visa card from his bank with the following terms: 21 percent on purchases, 25 percent on cash advances w
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Complete question:

Bradley currently has a Visa card from his bank with the following terms: 21 percent on purchases, 25 percent on cash advances with a 3 percent cash advance fee on the amount, and a default or penalty rate of 33 percent. His current statement shows a balance of $9,000. Lately, he has been having a hard time paying more than the minimum payment of 3 percent of his balance.

What is Bradley's minimum payment?

A) $158

B) $189

C) $270

D) $1,890

Answer:

Bradley's minimum payment is (C) $270.

<h3>What is the percentage?</h3>
  • A percentage is a fraction of a whole expressed as a number between 0 and 100.
  • Nothing is zero percent, everything is 100 percent, half of everything is fifty percent, and nothing is zero percent.
  • To calculate a percentage, divide the share of the total by the total and multiply by 100.
<h3>Solution -</h3>

Given - 21 percent on purchases, 25 percent on cash advances with a 3 percent cash advance fee on the amount, and a default or penalty rate of 33 percent. His current statement shows a balance of $9,000. Her minimum payment is 3 percent of the balance.

So, to find the minimum payment find 3% of $9000.

3% of $9,000 = $270.

Therefore, Bradley's minimum payment is (C) $270.

Know more about percentages here:

brainly.com/question/24304697

#SPJ4

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