A good that is most likely to be in the producer price index is:
A. industrial machinery.
B. SUV.
C. spaghetti.
D. All of these are in the PPI.
A. industrial machinery.
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Bill Bonecrusher graduates from college with a choice of playing professional football at $2 million a year or coaching for $50,000 a year
He decides to play football, but eight years later, though he could continue to play football at $2 million a year, he quits football to make movies for $3 million a year. His opportunity cost of playing football at graduation was ________ and eight years later the opportunity cost of making movies was ________. A) $50,000; $2 million B) $2 million; $2 million C) $2 million; $3 million D) $50,000; $50,000
What is the midpoint formula for calculating a percentage change?
What will be an ideal response?