Answered

Discover the answers to your questions at Westonci.ca, where experts share their knowledge and insights with you. Get immediate and reliable solutions to your questions from a community of experienced experts on our Q&A platform. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.

suppose that the price of one gallon of milk was $0.25 in 1950, that the cpi in 1950 was 25, and that in 2000 the cpi was 200.what is the price of a 1950 gallon of milk in 2000 dollars?

Sagot :

Suppose that the price of one gallon of milk used to be $0.25 in 1950, that the CPI in 1950 used to be 25, and thatin 2000 the CPI used to be 200. Then The price of a 1950 gallon of milk in 2000 greenbacks is $2.

What is supposed by using the CPI?

The most generic indicator of inflation is the Consumer Price Index (CPI), which measures the proportion trade in the price of a basket of items and services bump off by households.

What is the current rate of the CPI?

The CPI all services index rose by using 5.9% in the 12 months to August 2022, up from 5.7% in July. Core CPI (excluding energy, food, alcohol and tobacco) rose via 6.3% in the 12 months to August 2022, increasing from 6.2% in July.

Learn more about CPI here:

https://brainly.com/question/1889164

#SPJ4

We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Westonci.ca is committed to providing accurate answers. Come back soon for more trustworthy information.