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:
Maritime history of Europe includes past events relating to the northwestern region of Eurasia in ... Roman galleys helped to build the Roman Empire. ... The volume of trade that the Roman merchant fleet carried was larger than any other ... and the galleon, where for the first time in history maritime navigation was possible.
When Napoleon III became emperor in 1852, Paris was the biggest city in Continental Europe. It was the center for commerce, fashion, art and finance. It has beautiful buildings but these were surrounded by slums. Napoleon III began to solve the main problems of the city: the water shortage, overcrowded slums, sewer system and the narrow roads, making Paris the most beautiful city in Europe.
B. Aryans
Explanation:
- Modern Hinduism originated from the Vedas.
- Sometime between 1500 and 1200 BC the Aryan tribes in the chariots occupied India, coming from the northwest.
- They settled in the area of present-day Punjab, bringing their language and tradition, and thus the Aryan tribes greatly influenced the culture and ancient religions of the natives, a matriarchal society founded as early as the third millennium BC.
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I believe the answer is John Locke
