Question

If you were to look at the CPI calculations based from 1984-1986, what of the following goods would likely be left out of that CPI calculation?

2. eggs

3.transmission fluid

4. televisions

5. smart phones

The prices of which of the following items are included in the PPI?

1.Finished goods from producers and labor costs

2. Labor costs of producers

3.Supplies, finished goods, intermediate goods, crude materials by producers

The ____________________ is based on the prices of merchandise that are exported or imported.

1.International Product Index

2.Producer Price Index

3.Foreign Price Index

I4.nternational Price Index

Answer 1

• If you were to look at the CPI calculations based from 1984-1986, what of the following goods would likely be left out of that CPI calculation? - Answer : (5) Smartphones ( Smartphones would be unlikely to be a good in use during the 80's as it has been used recently during the 21st century)
• The prices of which of the following items are included in the PPI? - Answer : (3) Supplies, finished goods, intermediate goods, crude materials by producers ( This covers the average change in prices of goods and services that are sold by producers )
• The ____________________ is based on the prices of merchandise that are exported or imported. - Answer : (3) Foreign price index. ( The foreign price index measures the average changes in prices of goods or services that are imported or exported)