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.
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The extent to which the process of empire-building in Afro-Eurasia between 1860 and 1918 was affected by railroads was great. ... Empires who were losing influence relied on building railroads to consolidate power at home and to try to get rid of foreign influence.
The Industrial Revolution started in Britain in the 18th century and led to incredible British wealth and power. As the tools and products of industrialization like railroads and steam engines spread across western Europe and the United States, they too grew in economic strength and power
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Answer:
Newton discovered gravity. The discovery of gravity .. Newton argued that the main force in the universe, although it was very much clear to Newton that gravity basically affected all objects on Earth and including in space.
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He granted land to American traders to establish a peaceful resolution.
Explanation:
The 3 purposes of Freedman's Bureau was to free slaves, provide free land, and help find employment.
