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OLga [1]
2 years ago
13

The consumer price index is

Business
1 answer:
Katarina [22]2 years ago
5 0
The consumer price index (CPI) is a measure of percentage change in the price of a basket of good and services consumed by households.

Another simple definition could be…

consumer price index (CPI) is a measure of the average change in prices over time in a fixed market basket of good and services
You might be interested in
The following is cost information for the Creamy Crisp Donut Company.Entrepreneur's potential earnings as a salaried worker = $5
jarptica [38.1K]

Answer:

Creamy Crisp's total revenues exceed its total costs, including a normal profit, by $366,000

Explanation:

Creamy Crisp's total revenue exceeds its total cost, including a normal profit by =

When answering this we use all the actual costs and revenue and all the hypothetical figures, or the opportunity costs and revenue as we need to calculate total revenue exceeding costs and normal profits.

Total revenue actual + potential = Entrepreneur's potential earnings as a salaried worker $50,000 + Annual revenue from operations $380,000 + Value of entrepreneur's talent in the next best entrepreneurial activity $80,000 + Entrepreneur's forgone interest on personal funds used to finance the business $6,000

= $516,000

Total costs = Payments to workers $120,000 + Utilities (electricity, water, disposal) costs $8,000 + Annual lease on building = $22,000

= $150,000

Creamy Crisp's total revenues exceed its total costs including a normal profit by $516,000 - $150,000 = $366,000

Since normal profit is included and not excluded normal profit shall not be computed separately and the final answer is $366,000

4 0
3 years ago
If you wanted to compare the quantity of output of a country across time periods, which of the following would you use?
SOVA2 [1]

Answer:

the best way to compare the output in quantities over a period of times will be  (D) real GDP.

this is becasue real GDP is calculated by  adjusting for the changes in prices, therefore it does not contain any changes in the prices and only reflects the increase or decrease of the output quantities.

Explanation:

4 0
2 years ago
Why is it illegal to alter the odometer on a vehicle
Lana71 [14]

Odometer reading is a vital tool in car assessment, it represents safety, real age of the vehicle, and many other general factors. The act of altering the number constitutes forgery and fraud, due to it's apparent nature. For example, if it would be legal to alter the odometer reading, then many people could buy brand new cars at their local dealerships, with reality being that those are used cars with thousands of miles on them, and used car owners will be more prone to be in car collisions, without having a clue of the real state of their car.



4 0
3 years ago
Chris Co. produces sports equipment and is currently producing 1,000 mini long boards annually. A supplier has offered to produc
Radda [10]

Answer: $305

Explanation:

The avoidable production cost for Chris to produce one mini long board goes thus:

Unit Level Cost = $280

Add: Product Level Cost = $25,000 / 1000 units = $25

Then, the avoidable cost to produce one unit will be:

= $280 + $25

= $305

6 0
3 years ago
In a team, constructive criticism should focus on what particular team members are doing wrong and how those mistakes hurt the t
kondaur [170]

Answer:

False

Explanation:

Constructive criticism should not only focus on what people are doing wrong, that is just to criticize someone, there is nothing constructive about that. Constructive criticism is about letting other team members know what they are doing well, and what they are doing not so well (or simply wrong), but it should also include how they can use their abilities and capabilities to correct their mistakes.

4 0
3 years ago
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