Find the consumer price index or cost living by aggregate method or family budget method

Answers

Answer 1

The Consumer Price Indexx (CPI) is typically calculated using the aggregate method, which measures the average change in prices for a fixed basket of goods and services over time.

What is a Family Budget Method?

The Family Budget Method, on the other hand, is a method used to estimate the minimum income necessary for a family to meet its basic needs. It involves identifying the typical expenses of a family, such as food, housing, transportation, healthcare, and other necessities, and estimating the cost of those expenses in a given geographic area.

While both methods are used to measure changes in the cost of living, the CPI is a broader measure that reflects changes in prices for all consumers, while the Family Budget Method is more focused on the specific expenses of a particular type of household.

To know more about Consumer Price Index, Check out:

https://brainly.com/question/19245789

#SPJ1

Related Questions

What is an equation of the line that passes through the points (2,-2) and (3,-4)?

Answers

Answer:

y = -2x + 2

Explanation:

An equation of a line can be found in slope-intercept form, y = mx + b, where m is the slope of the line and b is the y-intercept. To find the slope (m), you can use the formula:

m = (y2 - y1) / (x2 - x1)

Where (x1, y1) and (x2, y2) are the coordinates of the two points. Substituting the values from the given points, we get:

m = (-4 - (-2)) / (3 - 2) = -2 / 1 = -2

Next, to find the y-intercept (b), we can use either one of the given points and the slope to substitute in the equation y = mx + b. For example, using the point (2, -2), we get:

-2 = -2 * 2 + b

Solving for b, we get:

b = -2 + 4 = 2

So, the equation of the line in slope-intercept form is:

y = -2x + 2

The answer is y=-2x+2
Explanation:
Points are given as (2,-2) & (3,-4)
From if the equation of line:
m=y2-y1/x2-x1
m= -4-(-2)/3-2= -2/1=-2, m=-2

For questions 1-2 simplify the rational expression p^2-4p-32/p+4

Answers

Answer:

Explanation:

[tex]p^{2} -4p-32 = p^{2} -8p+4p-32 = p(p-8)+4(p-8)=(p-8)(p+4)\\\\[/tex]

[tex]\frac{(p-8)(p+4)}{(p+4)} = p-8[/tex]

The answer is p-8

After asking yourself what you are good at and what you enjoy doing, you will
be able to discover:

A. how much money you can make.
B. where your skills will be valued.

C. what your hobbies are.

D. what your goal is.

Answers

Answer:

B im pretty sure hope this helped

Other Questions

question 2pls help asap Why is Kieft restless during the house party? a defendant who can distinguish right from wrong, but who is still unable to control his actions because of a mental disease would use the . Which system is shown in the diagram on page 53? tuan, who has been diagnosed with dissociative identity disorder, has a subpersonality who is a young girl who loves soccer, a young man who is bookish and introverted but in good health, and an elderly man with diabetes. which statement about the different subpersonalities will be false? bestbrew corp. and true coffee inc. were two leading coffee manufacturing firms. they united and created a whole new firm called true brew inc. that used the best customer front-end and operational back-end processes of the two firms. this union is an example of a . how much money should be deposited annually in a bank account for five years if you wish to withdraw 5000 each year for three years The best measure of long-run economic growth adjustsA.nominal GDP for inflation and population.B.nominal GDP for inflation.C.nominal GDP for population.D.real GDP for the base year. Suppose thatyou know that angle t and angle s are supplementary, and that the measure of angle t = 3 times the measure of angle s. How can you find the measure of angle t ? Grayson is going to invest in an account paying an interest rate of 4% compoundedcontinuously. How much would Grayson need to invest, to the nearest dollar, for thevalue of the account to reach $15,000 in 5 years? Please help me ASPA find the value of X Choose the appropriate method for solving the following systems of equations. Why are bryophytes only found in wet or damp environments? What does this quote mean? The harder you work for something, the greater youll feel when you achieve it. - Unknown. 1. Is the U.S.-led post-WWII liberal order stillsalvageable or even worth continuing? If so, whatsteps should the new Biden administration taketo strengthen it over the next 2-3 years? If not,how should the U.S. pivot internationally?2. What are your predictions on how the COVID-19global pandemic will remake international politicsover the next 2-3 years? Over the next 5-10years? Do you think we will look back at this asone of the 'reset' moment of international politics(similar to the Napoleonic Wars or WWII)? a vendor at the basket ball game go to 405 bottles of water on Saturday she sold 127 fewer bottles on Sunday she sold 178 bottles on Sunday A riff is a repeated chord progression.A. False, a riff is an ostinato figure.B. False, a riff is a melodic phrase.C. TrueD. False, a riff can be an ostinato figure, a repeated chord progression or a melodic phrase. one of the key lessons from astronomy is that the same physical laws that operate on earth also operate throughout the universe. how is this fact relevant to the search for life in the universe? at point a on the demand curve shown below, how will a 1 percent increase in the price of the product affect total expenditure on the product? a graph titled demand.the horizontal axis labeled quantity in units per week ranges from 0 to 20 in increments of 2. the vertical axis labeled price in dollars per week ranges from 0 to 8 in increments of 1. a line begins at point (0, 6) goes down to the right and ends at point (18, 0). the coordinates of a point a on the line are (6, 4). instructions: enter your response rounded to the nearest whole number. total expenditure will rise by about %. A reaction and its experimentally determined rate law are represented above. A chemist proposes two different possible mechanisms for the reaction, which are given below.Mechanism 1X2 2 X (slow)X + Y2 XY2 (fast) X + XY2 X2Y2 (fast)Mechanism 2X2 2 X (slow)X + Y2 XY + Y (fast) X + XY X2Y (fast)X2Y + Y X2Y2 (fast) Based on the information above, which of the following is true?Both mechanism 1 and 2 are consistent with the rate law.Only mechanism 2 is consistent with the rate law.Neither mechanism 1 nor mechanism 2 is consistent with the rate law.Only mechanism 1 is consistent with the rate law