Author Question: The consumer price index: a. tracks the value of output over time. b. is not tied to ... (Read 45 times)

olgavictoria

  • Hero Member
  • *****
  • Posts: 528
The consumer price index:
 a. tracks the value of output over time.
  b. is not tied to cost-of-living adjustments.
  c. doubles every five years in the economy.
  d. is a weighted average of consumer prices.
  e. is a broader price index measure than the implicit GDP deflator.

Question 2

In terms of price indexes, what is a COLA?
 a. A measure of the quality of living
  b. A consumer price adjustment
  c. An increase in wages designed to match consumer price increases
  d. An estimate of gross domestic product
  e. A measure of producer surplus



mrphibs

  • Sr. Member
  • ****
  • Posts: 307
Answer to Question 1

d

Answer to Question 2

c



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

mrphibs

  • Sr. Member
  • ****
  • Posts: 307

 

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

For a complete list of videos, visit our video library