Log in
Economics
1
answer
0
watching
509
views

Which of the following can give an early warning of future increases in the price level? 
 
(i) GDP deflator 
(ii) Producer price index 
(iii) Consumer price index 
(iv) All of the above

Watch
1
answer
0
watching
509
views

For unlimited access to Homework Help, a Homework+ subscription is required.

Keith Leannon
Keith LeannonLv2
2 Mar 2020

Unlock all answers

Get 1 free homework help answer.
Already have an account? Log in
Share

Related textbook solutions

Principles of Economics
2nd Edition, 2017
Openstax
ISBN: 9781947172364
Principles of Macroeconomics
2 Edition,
Openstax
ISBN: 9781947172388
Principles of Microeconomics
2 Edition,
Openstax
ISBN: 9781947172340

Related questions

The most widely used measure of inflation is based on which of the following price indices?
 
(i) GDP deflator
(ii) the wholesale price index
(iii) the producer price index
(iv) the consumer price index

Table 24-7. The table below applies to an economy with only two goods — hamburgers and hot dogs. The fixed basket consists of 4 hamburgers and 8 hot dogs.

Year Price of hamburgers Price of hot dogs
2009 $5 $3
2010 5.50 3.30
2011 5.61 3.63

Refer to Table 24-7. Between 2009 and 2011, the cost of living increased by

A. 17 percent.
B. 14 percent.
C. 19 percent.
D. 6 percent.

The CPI is more commonly used as a gauge of inflation than the GDP deflator is because

A. the CPI is calculated more often than the GDP deflator is.
B. the CPI is easier to measure.
C. the GDP deflator cannot be used to gauge inflation.
D. the CPI better reflects the goods and services bought by consumers.

A COLA automatically raises the wage when:

A. the consumer price index increases.
B. the producer price index increases.
C. taxes increase.
D. GDP increases.

The consumer price index is used to:
 
(i) monitor changes in the level of wholesale prices in the economy.
(ii) monitor changes in the cost of living over time.
(iii) monitor changes in the level of real GDP over time.
(iv) monitor changes in the stock market.
 

Weekly leaderboard

Home
Homework Help 3,900,000
Economics 400,000
Start filling in the gaps now
Log in