Which of the following is the correct formula for calculating the consumer price index?
a. [ (CPI in year 1 - CPI in year 2) / CPI in year 2] x 100
b. [ (price of basket of goods and services in current year / price of basket in base year) ] x 100
c. [ (price of basket of goods and services in current year - price of basket in base year) / price of basket in base year ] x 100
d. [ (price of basket of goods and services in base year / price of basket in current year) ] x 100
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Which of the following is the correct formula for calculating the consumer price index? a. [ (CPI in year 1 - CPI in year 2) / CPI in year ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Roundwell motors purchases a manufacturing plant for $15 million, pays $5 million in cash as down payment, and borrows the remaining $10 million from home providence bank.
Answers (1)
Over time, the equilibrium price of a gigabyte of computer memory has fallen, while the equilibrium quantity purchased has increased. Based on this we can conclude that a. increases in the demand for computer memory have exceeded increases in supply.
Answers (1)
How to open a saving bank explain
Answers (1)
What does someone need to be a great photojournalist?
Answers (1)
Pascarelli Corporation's inventory at the end of Year 2 was $132,000 and its inventory at the end of Year 1 was $160,000. Cost of goods sold amounted to $920,000 in Year 2.
Answers (1)
New Questions in Business
What is the lowest level of the permanent party organization in texas?
Answers (1)
When an accountant examines projected financial statements, the accountant's report should include a separate paragraph that:
Answers (1)
Economics These are the legal restrictions set forth by a government to produce desired outcomes. Answer: government regulations
Answers (1)
Gail's employer contributes $2,000 (5% of her $40,000 salary) to a qualified retirement plan for Gail. This pension plan is what kind of plan?
Answers (1)
Jennifer believes that the price of sugar is too low and that the price will rise within the next calendar quarter. If she wishes to trade based on her belief she should: Select one: a. Take a long position in the futures market. b.
Answers (1)