What is a price index? How do the CPI, the PPI, the PCE Index and the GDP deflator differ?
What will be an ideal response?
A price index is the cost of today's market basket of goods and services expressed as a percentage of the cost of the same market basket during a base year. The CPI, PPI, and GDP deflator differ in the goods and services they cover. The CPI measures price changes for goods and services purchased by consumers. The PPI measures price changes for goods and services charged by firms. The PCE Index measures a weighted average of prices of consumer goods and services based on continuously updated survey's of consumers' purchases. The GDP deflator measures changes in prices of everything produced in the economy.
You might also like to view...
Victims of rape may require medical attention for physical injuries as well as shock, the shock associated with rape is known as rape ______ syndrome
Fill in the blank(s) with correct word
Justice Hugo Black favored incorporating criminal procedure rights in the Bill of Rights into the Fourteenth Amendment Due Process Clause in order to even the balance between the prosecution and the defense
Indicate whether the statement is true or false
Each officer in the agency is responsible to the public for the ________ displayed by his agency
Fill in the blank(s) with correct word
According to the lifestyle exposure model, which of the following groups is most likely to be victimized?
A. Elderly white females B. Elderly white males C. Elderly black females D. Young black males E. Young white males