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Amiraneli [1.4K]
4 years ago
10

What is the purpose of the consumer price index

History
1 answer:
Dominik [7]4 years ago
5 0

Answer: The purpose is to measure the overall cost of goods and services that would be brought in by a consumer.

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B

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A historian is attempting to figure out what a historical document means. What term best describes this process?
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Which of the following became a major center of commerce and trade after the Erie Canal was built in the early 1800s?
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The continuation states that the right to govern comes from the people is that true or false
stealth61 [152]
The correct answer is true. The constitution states that the people have the right to change the government as soon as it becomes destructive. This places the power to govern in the people's hands.
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3 years ago
What is the most direct way that increasing the minimum wage can lead to more government revenue?
natulia [17]

It encourages spending, which increases other kinds of tax.

<u>Explanation:</u>

Increasing the minimum wages increases the standard of people from the poverty line. It not only increases the welfare but also increases the spending among the people. But raising the wages also creates a negative effect causing inflation and higher costs for the business. This would decrease the profit of the firm.

The spending profile of employees helps us to access how they spend their extra earned money on purchasing things which is acquired by the government in the form of taxes. The combination of these direct and indirect effects results in lower economic activity.

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