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Dec 10th, 2015
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Question description

The consumer price index:

If the average hourly earnings in mining in 1978 was $7.67 and for the most recent month was $14.90, what is the index of hourly earnings for the most recent month based on 1978?

The Bureau of the Census reported that the farm population dropped from 30.5 million in 1940 to 6.5 million in 1999. What is the index for 1999 based on 1940?

The number of items produced and the price per item for the Duffy Manufacturing Company are:




Shear pins (box)$3$410,0009,000
Cutting compound (lb.)$1$5600200
Tie rods (each)$10$83,0005,000

What is the value index of production for 2000 using 1990 as the base period?

Which index is computed using base year prices and quantities and current year prices and quantities together?

The Consumer Price Index in June 1998 was 248.4 (1982-84 = 100). What does this indicate about prices from 1982-84 to June 1998?


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