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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 61 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
Great answer, keep it coming :)

Liddy

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Reply 3 on: Yesterday
:D TYSM

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