# Purchasing Power of Income/ Economy

We use the _________ to determine the purchasing power of income.

A. Interest rate.
B. Real GDP.
C. CPI.
D. GDP.
E. None of the above.

Check this site for your answer.

http://www.bls.gov/cpi/

1. 👍 0
2. 👎 0
3. 👁 148
asked by Dave
1. cpi

1. 👍 0
2. 👎 0

## Similar Questions

1. ### economics

Suppose Caroline is a cinephile and buys only movie tickets. Caroline deposits \$3000 in a bank acct that pays an annual interest rate of 20%. You can assume that this interest rate is fixed-that is, it won’t change over time. At

asked by nan on February 26, 2012
2. ### math

Please someone show me how to work this one out? Suppose Caroline is a cinephile and buys only movie tickets. Caroline deposits \$3000 in a bank acct that pays an annual interest rate of 20%. You can assume that this interest rate

asked by nan on February 26, 2012
3. ### microeconomics: work-leisure model

Consider the work-leisure model. Assume leisure is a normal good and suppose the wage rate(W) increases, then in this case we will have the following. Substitution effect: W increases => hours of leisure decrease Income effect has

asked by Victor on October 18, 2009
4. ### Economics

The nominal interest rate is 12 percent per year in Canada and 8 percent per year in the United States. Suppose that the real interest rates are equalized in the two countries and that purchasing-power parity holds. What can you

asked by Anonymous on October 4, 2011
5. ### Math

If your annual income from a part-time job is \$2,698, and the inflation rate is 4 percent, what is the purchasing power of your income?

asked by help on January 19, 2012
6. ### math

If your annual income from a part-time job is \$4523, and the inflation rate is 6 percent, what is the purchasing power of your income?

asked by help on January 23, 2012
7. ### AP Macroeconomics

3. You buy a certificate of deposit (CD) that pays a nominal rate of 12% annually. You have a tax rate of 25%, so if the interest on this CD is taxable (which it may not be) your after-tax nominal rate is (1 ñ 25%) • 12% = 9%.

asked by Emily on October 21, 2013
8. ### math

Bart had an income of \$38,250 last year. If the inflation rate is 4.5%, what is his purchasing power?

asked by help on January 23, 2012
9. ### math

Nancy had an income of \$26,500 this year. If the inflation rate was 11 percent, what was her purchasing power?

asked by diane on January 18, 2012
10. ### buissness math

Determine the total in Dexter's account after the second month using the information below. Dexter Banler's account Principal: \$1,604 Rate: 10% compound Length of period: month \$3208.00 \$1764.40 \$1630.85 3. Ray Sugar's account

asked by morgan on October 26, 2011

More Similar Questions