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Which economic indicator measures the change in prices of specific goods and services over time?
Wiki User
∙ 14y ago
The Consumer Price Index (CPI) basically measures inflation. The CPI takes a basket of goods and sees how much each of those goods costs. A change in the price of this basket of goods produces a change in the CPI. The CPI is representative of the prices of all goods in the economy for the United States and measures the changes in these prices over time.
Wiki User
∙ 14y ago
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What economic indicator measures the change in prices of specific goods and services?
Gross Domestic Product
What s the full form of GDP?
GDP stands for "Gross Domestic Product." It is a key economic indicator that measures the total value of all goods and services produced within a country's borders over a specific period, typically a year or a quarter. GDP is used to assess the economic performance and size of a country's economy.
What is the economic indicators measures a specific type of economic activity?
Retail sales
What is economic indicators measures a specific type of economic activity?
Retail sales
What economic indicators measures a specific type of economic activity?
Retail sales.
What economic indicator measures the change in prices of specific goods and services?
Gross Domestic Product
What s the full form of GDP?
GDP stands for "Gross Domestic Product." It is a key economic indicator that measures the total value of all goods and services produced within a country's borders over a specific period, typically a year or a quarter. GDP is used to assess the economic performance and size of a country's economy.
What economic indicators measures a specific type of economic activity?
Retail sales.
What is the economic indicators measures a specific type of economic activity?
Retail sales
What economic indicators measures of a specific type of economic activity?
Retail sales.
What is economic indicators measures a specific type of economic activity?
Retail sales
What can you identify from economic analysis?
Measures of data derived from economic indicators yield valuable information for the identification of economic trends and the preparation of specific economic forecasts.
What are the 3 specific measures of economic performance that the US attempts to maximize to fulfill the goal of economic policy in the US?
Measures of Economic Performance(1) Gross Domestic Product (GDP)(2) Trade Gap(3) Rate of Inflation(4) Productivity of Labor
What economic indicators measures a specific type of econmic activity?
The rate of employee wages. When you have flat wages ( meaning no rise in income) then the economy will slow and go into a recession like what we are in today. The cost of living goes up but not your paycheck. That along with bad banking practices and federal bailouts.
How does the type of indicator affect the pH?
Each indicator has a specific change of color when the pH is changed.
What are substances which exhibit a specific color in the presence of acid or base?
an indicator
What is the function of urinometer?
it measures the specific gravity of urine
