Computing the CPI is important because it provides ________
A) a rough measure of the cost of living
B) it is used as a benchmark in labor negotiations
C) government uses it to index entitlements, such as social security benefits, so that beneficiaries do not lose purchasing power in periods of inflation
D) all of the above
E) none of the above
D
Economics
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Developing countries typically have poorly developed property rights and less social capital designed to promote trust and cooperation in the economy
Indicate whether the statement is true or false
Economics
If the foreign exchange rate is one dollar for 10 South African rand, then how many dollars are needed to purchase an item that costs 400 rand?
A) 10 B) 40 C) 400 D) 4,000
Economics