I would say D, you don’t need a million dollar death benefit if you have no one to claim it.
Answer:
The correct answer is option D.
Explanation:
The consumer price index is a tool to measure inflation in the economy. It measures the change in price level through a basket of goods generally purchased by the households. It does not include change in quality.
It is measured as
CPI =
In the given example, the price of the car is increasing but the quality is improving as well. Since the CPI does not include quality, the inflation rate will be overstated.
I believe the answer is Pareto diagram
Pareto diagram refers to a diagram that used the combination of both lines and bars, and write the value of data in descending order.
This diagarm is mostly used by organization in order to analyze the defect from the most commonly occured to the least.
Answer:
A) remains unchanged at 40.
Explanation:
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real exchange rate = (Nominal exchange rate x Price of the foreign basket) / (Price of the domestic basket)
the price of the US basket did not change over the couse of the year while the basket of indian goods increased by 25%
We plug this into the formula and obtain:
real exchange rate = 50 x 1/1.25 = 40