One reason the CPI is monitored very closely by government, businesses, and workers is that Multiple Choice the gross domestic product is computed from the reported increases in the CPI. some wages, interest rates, tax rates, and government benefits are tied to changes in the value of the CPI.

One reason the CPI is monitored very closely by government, businesses, and workers is that Multiple Choice the gross domestic product is computed from the reported increases in the CPI. some wages, interest rates, tax rates, and government benefits are tied to changes in the value of the CPI.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

One reason the CPI is monitored very closely by government, businesses,
and workers is that
Multiple Choice
the gross domestic product is computed
from the reported increases in the CPI.
some wages, interest rates, tax rates, and
government benefits are tied to changes in
the value of the CPI.
it is the best measure of worker
productivity in the service sector.
it indicates whether we are running a
budget surplus or a deficit.

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