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The Consumer Price Index - Online Term Paper

The Consumer Price Index

(CPI) is the measure of the average change over time in the prices paid by urban consumers for a fixed market basket of consumer goods and services. The CPI provides a way for consumers to compare what a market basket of goods and services cost this month with what the same market basket cost a month or year ago. The CPI affects all Americans because of the way it is used. The three major uses are as a economic indicator, as a deflator of other economic series, and as a means of adjusting dollar values. The CPI reflects the spending patterns for each of the two population groups: All Urban Consumers (CPI-U) and Urban Wage Earners and Clerical Workers (CPI-W). The CPI represents all the ...

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National Market, with NASDAQ's larger companies whose securities are the most actively traded, and the NASDAQ Small Cap Market, with emerging growth companies. The current market value of the NASDAQ National Market is around 2,553.2 billion dollars. The market and its value reflect the tendencies of the American people regarding their finances. If the market is up and the volume is up then the economy is thriving and booming. Conversely if the market is down and the volume is down then the economy is dying and starving.
The graphs show the CPI over the past two years and the NASDAQ over the past 12 weeks. What can been seen from the CPI graph is that over the last two years the CPI has risen $6.60. This means that the market basket of goods costs $6.60 more now than it did two years ago. This Figure does not mean mush to the American people because the growth is in line with inflation. The second graph show the CPI over the last 100 years and how it has sky rocked over the past ...

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The Consumer Price Index. (2007, November 16). Retrieved May 2, 2024, from http://www.essayworld.com/essays/The-Consumer-Price-Index/74406

"The Consumer Price Index." Essayworld.com. Essayworld.com, 16 Nov. 2007. Web. 2 May. 2024. <http://www.essayworld.com/essays/The-Consumer-Price-Index/74406>

"The Consumer Price Index." Essayworld.com. November 16, 2007. Accessed May 2, 2024. http://www.essayworld.com/essays/The-Consumer-Price-Index/74406.

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PAPER DETAILS

Added: 11/16/2007 01:02:54 PM
Category: Miscellaneous
Type: Free Paper
Words: 453
Pages: 2

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