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Author Question: Which of the following is a major use of the Consumer Price Index? a. To evaluate and determine ... (Read 52 times)

genevieve1028

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on: Jul 24, 2018
Which of the following is a major use of the Consumer Price Index?
 a. To evaluate and determine economic policy.
  b. To compare prices in different years.
  c. To determine salary and price adjustments.
  d. All of the above.

Question 2

If you bought a new pickup truck in 1995 for 15,000 (when the Consumer Price Index was 152.4), what would you have paid in 2000 for a similar quality pickup truck (when the Consumer Price Index was 172.2)?


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Chocorrol77

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Reply #1 on: Jul 24, 2018
Answer to Question 1

D

Answer to Question 2

16,949.

.


genevieve1028

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Reply 2 on: Jul 24, 2018
Thanks for the timely response, appreciate it

kswal303

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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