If you have the cost of the CPI market basket at current prices and the cost of the CPI market basket at base period prices, how do you calculate the CPI?
What will be an ideal response?
CPI = × 100.
Economics
You might also like to view...
The relationship between the output gap and the cyclical rate of unemployment is known as
A) the Phillips curve. B) the LM curve. C) Murphy's law. D) Okun's law.
Economics
Deflation means a decrease in:
a. the rate of inflation. b. the prices of all products in the economy. c. homes, autos, and basic resources. d. the general level of prices in the economy.
Economics