Consumer Price Index (CPI) Quiz 17 Questions and Answers,100% CORRECT
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Consumer Price Index
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Consumer Price Index
Consumer Price Index (CPI) Quiz 17 Questions and Answers
Consumer Price Index - Correct AnswersA measure of the overall cost of the goods and services bought by a typical consumer
Inflation rate - Correct AnswersPercentage change in the price index from the preceding period
Producer pri...
consumer price index cpi quiz 17 questions and answers
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Consumer Price Index (CPI) Quiz 17 Questions and Answers
Consumer Price Index - Correct AnswersA measure of the overall cost of the
goods and services bought by a typical consumer
Inflation rate - Correct AnswersPercentage change in the price index from the
preceding period
Producer price index - Correct AnswersA measure of the cost of a basket of goods
and services bought by firms
Differences between GDP deflator and the CPI - Correct AnswersGDP deflator
reflects the prices of all goods and services produced domestically
Consumer price index reflects the prices of all goods and services bought by
consumers
CPI compares the price of a fixed basket of goods and services to the price of the
basket in the base year
GDP deflator compares the price of currently produced goods and services to the
price of the same good and services in the base year
Indexation - Correct AnswersThe automatic correction by law or contract of a
dollar amount for the effects of inflation
Nominal interest rate - Correct AnswersInterest rate that measures the change in
dollar amounts
Tells you how fast the number of dollars in your back account rises over time
Real interest rate - Correct AnswersInterest rate corrected for the effort of
inflation
Tells you how fast the purchasing power of your bank account rises over time
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