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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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Amy earns an annual salary of $40,000 working for the law office of smith and jones. calculate her gross pay per paycheck if she
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1,666 divide it by 12 then divide it by 2
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"A 45-year old man earns $150,000 per year and is covered by his employer's 401(k) Plan. He quits" his job and moves to a new co
DaniilM [7]

Answer:

Not to leave previous job.

Explanation:

  • First of all, the question is that what he will lose after leaving the job?
  • His earning per year is equal at both sides, still what's the opportunity cost for him?

<em>The answer is simple,</em> he may earn equal but if looked at it in a bigger picture he is losing 401k retirement plan and It is his opportunity cost. He may regret this after leaving the job.

7 0
3 years ago
A firm has current liabilities of $500, a current ratio of 1.5, and a quick ratio of 1.1. calculate the level of inventory for t
SCORPION-xisa [38]

The inventory level will be used by an inventory manager to regulate the optimal time for manufacturing, if they are handling a manufacturer's warehouse, or to demand more if the product is being stored as stock at a store.


To solve this:

Get first the Current Assets this solved by multiplying the current liabilities to the current ratio.

CA = $500 (1.5) = $750


Then get the inventory level by multiplying the current asset to the product of the current liabilities and quick ratio.

Inventory level = $750 (500 x 1.1) = $412,500

4 0
3 years ago
What role does utility play in the economic model of consumer​ behavior? When modeling consumer​ behavior, utility A. reflects t
olya-2409 [2.1K]

Answer:

A. reflects the enjoyment a consumer receives from consuming a particular set of goods and services

Explanation:

When modeling consumer​ behavior, utility reflects the enjoyment a consumer receives from consuming a particular set of goods and services

4 0
3 years ago
What are two advantages and two disadvantages of the informal economy
AnnyKZ [126]

Answer:

Advantages of Informal Sector employment:

Some employers pay well because company owners do not have many tax obligations. Employee effort is directed towards achieving profit rather than satisfying irrelevant routines.

There can be a close and direct relationship with the employer, therefore making it easy to get permission when in need of time off.

You are saved the hassle of paying Pay As You Earn tax.

There’s no red tape when it comes to dealing with personnel issues which are expressly handled either by the employer him/herself, or a senior manager.

Sometimes employment is done on the spot with little emphasis on attending lengthy job interviews and countless aptitude tests.

Sometimes one is employed because of one’s personal relationship with the employer rather than on merit.

Disadvantages of Informal Sector employment:

Little or no job security.

Unprotected by labour laws.

Odd working hours.

No pension, insurance or health insurance scheme.

Summary dismissals.

Difficult to make any savings due to low wages.

A brief illness or injury or injury can mean no financial means to survive.

Explanation:

4 0
3 years ago
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