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Author Question: The consumer price index: a. tracks the value of output over time. b. is not tied to ... (Read 53 times)

olgavictoria

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on: Jun 30, 2018
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

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

c


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olgavictoria

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Reply #2 on: Jun 30, 2018
Thank you :)


mrphibs

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Reply #3 on: Jun 30, 2018
Happy to help you


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