Question

In addition to the Consumer Price Index, the U.S. Bureau of Labor Statistics computes other ______________ indexes that are more applicable to other market participants.

Answer 1

The U.S. Bureau of Labor Statistics computes several price indexes in addition to the Consumer Price Index (CPI) that are more applicable to other market participants. These include the Producer Price Index (PPI), International Price Index, Employment Cost Index, and GDP deflator.

Step-by-step explanation:

The U.S. Bureau of Labor Statistics computes several price indexes in addition to the Consumer Price Index (CPI) that are more applicable to other market participants. These include:

• Producer Price Index (PPI): Based on prices paid for supplies and inputs by producers of goods and services.
• International Price Index: Based on the prices of merchandise that is exported or imported.
• Employment Cost Index: Measures wage inflation in the labor market.
• GDP deflator: A price index that includes all components of GDP.

These indexes are used to provide a more detailed and specific measure of inflation and economic activity for different sectors of the economy.