what is price index?
Question
Updated 4/14/2014 1:04:54 AM
Edited by paral [4/14/2014 1:05:14 AM]
s
Original conversation
User: what is inflation rate?

User: what is price index?

Weegy: A price index is a normalized average of price relatives for a given class of goods or services in a given region, during a given interval of time.

User: what is a market basket?

User: Each month, government employees interview about 60,000 persons in sample households to determine what percentage is unemployed. This is used to determine the __________ rate. A. price index B. unemployment C. market basket D. business cycle

Question
Updated 4/14/2014 1:04:54 AM
Edited by paral [4/14/2014 1:05:14 AM]
Rating
3
Each month, government employees interview about 60,000 persons in sample households to determine what percentage is unemployed. This is used to determine the unemployment rate.
3
Inflation rate is the the rate of change of prices (as indicated by a price index) calculated on a monthly or annual basis.

Questions asked by the same visitor
Monetary cost is also known as __________ to economists. A. revenue B. profit C. price D. tax
Question
Updated 4/29/2015 1:56:33 PM
Monetary cost is also known as PRICE to economists.

Rated good by debnjerry, Confirmed by debnjerry [6/4/2015 9:22:26 AM]
what is the a chart that lists how much of a good all suppliers will offer at different prices
Weegy: Market supply schedule is a chart that lists how much of a good ALL suppliers will offer at different prices. User: what is the a chart that lists how much of a good a single supplier will offer at various prices (More)
Question
Updated 4/30/2015 12:55:45 PM
Supply schedule is a chart that lists how much of a good a single supplier will offer at various prices.

what is the amount a supplier is willing and able to supply at a certain price
Question
Updated 11/18/2014 11:43:47 AM
Quantity supplied is the amount a supplier is willing and able to supply at a certain price.

Confirmed by jeifunk [11/18/2014 11:48:51 AM]
WHAT IS INPUT COST?
Question
Updated 4/12/2014 9:18:52 PM
Input cost is the cost of direct material , direct labor , and other overhead items devoted to the production of a good or service.
Input cost is the cost of the factors that are used to produce goods or services
what is quantity demand?
Weegy: Demand - the amount of a particular economic good or service that a consumer or group of consumers will want to purchase at a given price. User: When the price of an item decreases, the quantity demanded increases. When the price of an item increases, the quantity demanded decreases. true or false? (More)
Question
Updated 4/1/2017 9:10:44 AM
When the price of an item decreases, the quantity demanded increases. When the price of an item increases, the quantity demanded decreases. TRUE.

Confirmed by jeifunk [4/1/2017 9:11:06 AM]
Quantity demanded is a term used in economics to describe the total amount of goods or services demanded at any given point in time.
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