41 The price index that measures the cost of a basket of goods and services bought...
41 The price index that measures the cost of a basket of goods and services bought by firms is called the
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Homework Answers
b)producer price index
(Because industrial price index measures the gross monthly change in marketing cost of industrial products where as core price index measure the overall cost of consumer goods and service except food and energy.where as gdp deflator is a measure of general price of inflation on gdp but producer price index is a measure the cost of a basket of goods and services bought by firms.
Therefore option is b.
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41 The price index that measures the cost of a basket of goods
and services bought...
QUESTION 25 Which of the following price indices best measures the prices of the market basket...
QUESTION 25 Which of the following price indices best measures the prices of the market basket of goods and services bought by typical households? CPI O PPI GDP deflator PCE index
300 is the most widely used price index and is from a basket which contains produced...
300 is the most widely used price index and is from a basket which contains produced in the econom a. The CPI; all goods and services b. The CPI; selected goods and services c. The GDP deflator all goods and services d. The GDP deflator, selected goods and services GDP is most likely to be a. There is insufficient information to derive an answer. b. smaller than c. greater than d. equal to the true increase in output.
36. Which of the following items would NOT be included in basket of goods used to...
36. Which of the following items would NOT be included in basket of goods used to calculate the Core Consumer Price Index? a. Gasoline b. A new truck c. Clothing d. All of the above items are included in Core Consumer Price Index 38. Suppose that U.S. construction companies purchase Japanese-made heavy duty trucks at a reduced price compared to last year What effect will this purchase have on the U.S. GDP deflator and on the U.S. consumer price index?...
Question 10 (5 points) Which price index comprises the prices of all final goods and services...
Question 10 (5 points) Which price index comprises the prices of all final goods and services produced within the economy? a) the consumer price index Ob) the GDP inflator O C) the GDP deflator d) the producer price index Question 11 (5 points) ✓ Saved What do we call an increase in the average level of prices in an economy?
Question 12 0.25 pts 12. Changes in the producer price index tend to ___changes in actual...
Question 12 0.25 pts 12. Changes in the producer price index tend to ___changes in actual producer costs. O a. overstate b. understate O c lag behind d. precede Question 13 0.25 pts 13. Trends over the last 70 years for the consumer price index (CPI), producer price index (PPI), and gross domestic product (GDP) deflator show that: a. They exhibit identical patterns. b. They have changed in similar but not identical patterns. c. The GDP deflator has shown considerably...
19. The consumer price index is the A) cOst of a market basket of goods and...
19. The consumer price index is the A) cOst of a market basket of goods and services typically consumed in the base year B) cost of a market basket of goods and services typically consumed in the current period. C) average of the prices of the goods and services purchased by a typical urban family of four. D) average of the prices of new final goods and services produced in the economy over a period of time 20. If your...
Which of the three measures of inflation measures the average price level of the largest number 19. of goods? a. The CP b. The GDP Deflator c. The Producer Price Index d. The Wholesale Price Inde...
Which of the three measures of inflation measures the average price level of the largest number 19. of goods? a. The CP b. The GDP Deflator c. The Producer Price Index d. The Wholesale Price Index 20. Which of the following is NOT a reason why people save a. To smooth consumption over their lives b. To finance their future retirement c. As a way to transfer income from good times to bad d. To increase investment 21. If the...
QUESTION 8 An example of intermediate goods would be OA sacks of groceries bought by a...
QUESTION 8 An example of intermediate goods would be OA sacks of groceries bought by a dentist for his family OB bricks bought by a homeowner for constructing a patio OC paper and ink bought by a publishing company OD cars bought by a car-rental company QUESTION 9 A price index is arket basket of goods and services in a base period divided by the cost of the same market basket in another periocd OB a comparison of real GDP...
The broadest-based price index available is the A) GDP deflator. B) producer price index. C) consumer...
The broadest-based price index available is the A) GDP deflator. B) producer price index. C) consumer price index. D) wholesale price index.
Use a Base Year to Calculate Index Numbers for the Cost of a Basket of Goods...
Use a Base Year to Calculate Index Numbers for the Cost of a Basket of Goods and Services Please provided a detailed explanation so I can use it as a guide in my studies. Question The table below shows the total expenditure on a basket of goods and services; use this information to calculate the index number for the cost of a basket of goods and services in period 1, assuming Period 2 is the base year. (Round to 1...
QUESTION 25 Which of the following price indices best measures the prices of the market basket of goods and services bought by typical households? CPI O PPI GDP deflator PCE index
300 is the most widely used price index and is from a basket which contains produced in the econom a. The CPI; all goods and services b. The CPI; selected goods and services c. The GDP deflator all goods and services d. The GDP deflator, selected goods and services GDP is most likely to be a. There is insufficient information to derive an answer. b. smaller than c. greater than d. equal to the true increase in output.
36. Which of the following items would NOT be included in basket of goods used to calculate the Core Consumer Price Index? a. Gasoline b. A new truck c. Clothing d. All of the above items are included in Core Consumer Price Index 38. Suppose that U.S. construction companies purchase Japanese-made heavy duty trucks at a reduced price compared to last year What effect will this purchase have on the U.S. GDP deflator and on the U.S. consumer price index?...
Question 10 (5 points) Which price index comprises the prices of all final goods and services produced within the economy? a) the consumer price index Ob) the GDP inflator O C) the GDP deflator d) the producer price index Question 11 (5 points) ✓ Saved What do we call an increase in the average level of prices in an economy?
Question 12 0.25 pts 12. Changes in the producer price index tend to ___changes in actual producer costs. O a. overstate b. understate O c lag behind d. precede Question 13 0.25 pts 13. Trends over the last 70 years for the consumer price index (CPI), producer price index (PPI), and gross domestic product (GDP) deflator show that: a. They exhibit identical patterns. b. They have changed in similar but not identical patterns. c. The GDP deflator has shown considerably...
19. The consumer price index is the A) cOst of a market basket of goods and services typically consumed in the base year B) cost of a market basket of goods and services typically consumed in the current period. C) average of the prices of the goods and services purchased by a typical urban family of four. D) average of the prices of new final goods and services produced in the economy over a period of time 20. If your...
Which of the three measures of inflation measures the average price level of the largest number 19. of goods? a. The CP b. The GDP Deflator c. The Producer Price Index d. The Wholesale Price Index 20. Which of the following is NOT a reason why people save a. To smooth consumption over their lives b. To finance their future retirement c. As a way to transfer income from good times to bad d. To increase investment 21. If the...
QUESTION 8 An example of intermediate goods would be OA sacks of groceries bought by a dentist for his family OB bricks bought by a homeowner for constructing a patio OC paper and ink bought by a publishing company OD cars bought by a car-rental company QUESTION 9 A price index is arket basket of goods and services in a base period divided by the cost of the same market basket in another periocd OB a comparison of real GDP...
The broadest-based price index available is the A) GDP deflator. B) producer price index. C) consumer price index. D) wholesale price index.
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