Match each price index with their description.prices of merchandise thatis exported or imported.wage inflation in the labormarket.1. International Price Indexthis index is based on theprice fo a fixed basket ofgoods and services thatrepresent the purchases ofan average household.2. Producer Price Index3. Employment Cost Index4. GDP Deflatorthis index takes the CPI andexcludes volative economicvariables5. Core Inflation Index6. Consumer Price Indexa price index that includesall the GDP componentsprices paid for supplies andinputs by producers ofgoods and services.

Inflation is the change in price level, but its measures are multiple and different, as shown below.

prices of merchandise that is exported or imported. wage inflation in the labor market. 1. International Price Index this index is based on the 2. Producer Price Index price fo a fixed basket of goods and services that represent the purchases of an average household. 3. Employment Cost Index >

prices of merchandise that is exported or imported. wage inflation in the labor market. 1. International Price Index this index is based on the 2. Producer Price Index price fo a fixed basket of goods and services that represent the purchases of an average household. 3. Employment Cost Index >

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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