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

Respond to this Question

First Name

Your Response

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