Why do economists use index numbers to measure the price level rather than dollar value of goods?
Question:
Why do economists use index numbers to measure the price level rather than dollar value of goods?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (3 reviews)
Economists often use index numbers to measure the price level rather than the dollar value of goods for several reasons Eliminating Quantity Effects I...View the full answer
Answered By
Aysha Ali
my name is ayesha ali. i have done my matriculation in science topics with a+ . then i got admission in the field of computer science and technology in punjab college, lahore. i have passed my final examination of college with a+ also. after that, i got admission in the biggest university of pakistan which is university of the punjab. i am studying business and information technology in my university. i always stand first in my class. i am very brilliant client. my experts always appreciate my work. my projects are very popular in my university because i always complete my work with extreme devotion. i have a great knowledge about all major science topics. science topics always remain my favorite topics. i am also a home expert. i teach many clients at my home ranging from pre-school level to university level. my clients always show excellent result. i am expert in writing essays, reports, speeches, researches and all type of projects. i also have a vast knowledge about business, marketing, cost accounting and finance. i am also expert in making presentations on powerpoint and microsoft word. if you need any sort of help in any topic, please dont hesitate to consult with me. i will provide you the best work at a very reasonable price. i am quality oriented and i have 5 year experience in the following field.
matriculation in science topics; inter in computer science; bachelors in business and information technology
_embed src=http://www.clocklink.com/clocks/0018-orange.swf?timezone=usa_albany& width=200 height=200 wmode=transparent type=application/x-shockwave-flash_
4.40+
11+ Reviews
14+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Why do economists use real GDP rather than nominal GDP to gauge economic well-being?
-
THIRD AVENUE SOFTWARE HEALTH-CARE APP PROJECT This case is new for the ninth edition of Information Technology Project Management . The case provides an opportunity to apply agile and Scrum...
-
List three specific parts of the Case Guide, Objectives and Strategy Section (See below) that you had the most difficulty understanding. Describe your current understanding of these parts. Provide...
-
Rocket Science A rocket has total mass Mi = 360 kg, including 330 kg of fuel and oxidizer. In interstellar space it starts from rest, turns on its engine at time t = 0, and puts out exhaust with...
-
Rapid Auto has over 200 auto-maintenance service outlets nationwide. It provides primarily two lines of service: oil changes and brake repair. Oil change-related services represent 65% of its sales...
-
Develop a segmentation scheme to capture the online dating market? Which market do you think is worthy of more attention?
-
The equations of motion of a two-degree-of-freedom system are given by \(2 \ddot{x}_{1}+6 x_{1}-2 x_{2}=5\) and \(\ddot{x}_{2}-2 x_{1}+4 x_{2}=20 \sin 5 t\). Assuming the initial conditions as...
-
McBurger, Inc., wants to redesign its kitchens to improve productivity and quality. Three designs, called designs K1, K2, and K3, are under consideration. No matter which design is used, daily demand...
-
Haulage Co Pte Ltd ('Haulco') conducts a transportation business carrying goods and containers. Year One In February (February 1 to be specific) Haulco purchases a large truck (known in the trade as...
-
What is the difference between the price level and the rate of inflation?
-
Begin with the partial model in the file Ch02 P14 Build a Model.xls on the text- book's Web site. a. Cumberland Industries's 2010 sales were $455,000,000; operating costs (excluding depreciation)...
-
Refer to the data given in the preceding problem. When Tampa Instrument Company established its service departments, the following long-run needs were anticipated. Required: Use the dual approach in...
-
Twelve board members are voting on admitting two new board members. They interview 5 candidates and vote " \(x\) " for an acceptable candidate and no vote for an unacceptable candidate. The outcome...
-
Consider the populations given in Problems 29-32. a. Find the standard divisor. b. Find the standard quota for each precinct. c. Total, rounding the standard quotas down. d. Find a modified divisor...
-
The seniors at Weseltown High School are voting for where to go for their senior trip. They are deciding on Angel Falls (A), Bend Canyon (B), Cedar Lake (C), or Danger Gap (D). The results of the...
-
For the given year, find the standard quotas for the New York City boroughs given in Table 17.5 in Problems 23-28. Assume there are eight council seats. Table 17. 5 2000 Year Total 1790 49 1800 81...
-
Find the standard divisor (to two decimal places) for the given populations and number of representative seats in Problems 15-22. Population 8,920,000 # Seats 12
-
Distinguish between accounting and financial reporting for state and local governments and VHWOs for the following issues: 1. Measurement focus and basis of accounting 2. Revenue recognition 3....
-
Perform the operation by first converting the numerator and denominator to scientific notation. Write the answer in scientific notation. 7,200,00/0.000009
-
According to Ash Mauryas typology, Airbnb is an example of what type of business model? A. Direct B. Multisided C. Open D. Marketplace
-
How does each phase affect business decisions?
-
What kind of lifecycles do businesses go through? Why?
-
Suppose you will receive $13000 in 9 months and another 6000 in 23 months. If the discount rate is 5% per annum (compounded monthly) for the next 11 months what single amount received today would be...
-
Toonces, Inc. has outstanding 600,000 shares of $2 par common stock and 120,000 shares of no-par 6% preferred stock with a stated value of $5. The preferred stock is cumulative and nonparticipating....
-
How to calculate both the firm's (1) operating return on assets and (2) return on equity if sales are 67 million, assets are 49 million, total liabilities 22 million. The interest rate on debt is...
Study smarter with the SolutionInn App