Contract adjustment. PPI data are commonly used in adjusting purchase and sales contracts. These contracts typically specify dollar amounts to be paid at some point in the future. It is often desirable to include an adjustment clause that accounts for changes in input prices. For example, a long-term contract for bread may be adjusted for changes in wheat prices by applying the percent change in the PPI for wheat to the contracted price for bread. (See Price Adjustment Guide for Contracting Parties.)
Indicator of overall price movement at the producer level. PPIs capture price movement prior to the retail level. Therefore, they may foreshadow subsequent price changes for business and consumers. The President, Congress, and the Federal Reserve employ these data in formulating fiscal and monetary policies.
Deflator of other economic series. PPIs are used to adjust other time series for price changes and to translate those series into inflation-free dollars. For example, constant-dollar gross domestic product data are estimated using deflators based on the PPI.
Measure of price movement for particular industries and products.
Comparison of input and output costs.
Comparison of industry-based price data to other industry-oriented economic time series.
Forecasting.
LIFO (i.e., last-in, first-out) inventory valuation.
Answer: The Colombian Liberal Party
Explanation: Hope that helps! <3
Car travels at an average speed of 40 km/h for 0.5 hours.
How far did the car travel in km?
The correct answer to this open question is the following.
One of the “don’ts” in analyzing or evaluating a primary source is to avoid recreating the author’s experience of his society.
No, I don't agree with this statement because I consider that in order to truly understand the primary source, a good researcher has to understand the circumstance and the time in which the primary source was created.
This means, if it was during a war or a revolutionary period, the researcher has to understand and think as the author of the source did.
ANd I am clear using my words: understand. Not biasing the records, the facts, or misinterpret the situation, the context, or the facts.
The people of Mesopotamia had two rivers namely the Tigris and Euphrates. They made canals and other man made waterways to use for irrigation and to supply their plants with water. Using these irrigation tools they channeled water from rivers to their crops. Irrigation helped keep the soil moist, and the river water delivered nutrients to the soil. In this way they grew crops on a regular basis.
Few crops that they grew were- barley , wheat, vegetables, lentils, fruits etc.
