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Wittaler [7]
4 years ago
12

Which of the following price indices is designed to measure changes in the prices of goods and services purchased by a typical i

ndividual?
a. Producer Price Index
b. Index of Leading Economic Indicators
c. Gross Domestic Product (GDP) Deflator
d. Consumer Price Index
Business
1 answer:
skad [1K]4 years ago
8 0

Answer:

d. Consumer price index

Explanation:

Consumer price index in any country consists of goods and services that are used in day to day activities by consumers e.g. daily food items, utilities, transportation etc. The index is used to measure the increase in weighted average prices of the constituents over a particular time.

Option A is price index for producers that measures the increase in price of goods and services that are typically used by different producers for their output.

Option B is an analysis that is used to assess the trends of any economy. This analysis is performed by government economists, officials and government to make informed decisions about future actions. Individuals have no use of the index.

Option C Gross domestic product (GDP) deflator is a price adjustment to GDP of current year to depict the actual growth in value of goods and services produced in a particular year. GDP deflator is a reduction of inflation rate from nominal rate of increase in GPD.

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20. (EFM12c) How are market prices set?
vodka [1.7K]

D) By the interaction of producers and consumers

7 0
3 years ago
A company purchased equipment valued at $190,000. It traded in old equipment for a $108,000 trade-in allowance and the company p
pogonyaev

Answer: $190,000

Explanation:

The recorded value of the new equipment will be the summation of the trade in allowance and the cash that was paid. This will be:

= $108,000 + $82,000

= $190,000

8 0
3 years ago
Rosewood Company made a loan of $8,600 to one of the company's employees on April 1, Year 1. The one-year note carried a 6% rate
tatuchka [14]

Answer:

Year 1 = $387

Year 2 = $516

Explanation:

Loan has been granted on 1 April in Year 1 i.e. for a period from 1 April to 31 December = 9 months.

Interest for year 1 @6% = $8,600 X \frac{6}{100} X\frac{9}{12}

= $387

Interest for year 2 will be from 1 January to 31 December =

$8,600 X \frac{6}{100} X \frac{12}{12} = $516

Therefore interest revenue to be reported by Rosewood Company will be as follows

Year 1 = $387

Year 2 = $516

6 0
4 years ago
Select all of the following descriptions that are true about market economies. Select all that apply:
Citrus2011 [14]

Answer:

The correct answers are B and D

Explanation:

Market economies is the kind of market which is grounded on the private enterprise, which means or states that the production (businesses or the resources) are operated as well as owned by the group or the private individuals.

And the supplying the goods and the services are grounded on the demand. The income of the person is grounded on the ownership of the resources of the person (especially the labor).

Therefore, the statement which is true regarding the market economies are B and D.

3 0
4 years ago
Which markets compete in non-price competition?
Svetlanka [38]
 <span>Which markets compete in non-price competition? The companies and brands that compete in non-price competition are brands that are known, name brands with those that are generic. Even though generic brands are known for being cheaper, most brand-name goods sell more products because of their name. </span>
4 0
4 years ago
Read 2 more answers
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