Because there isn't one single measure of inflation, the government and researchers use a variety of methods to get the most balanced picture of how prices fluctuate in the economy. Two of the most commonly used price indexes are the consumer price index (CPI) and the GDP deflator. The GDP deflator for this year is calculated by dividing the 1)

a. Value of all goods and services produced in the economy in the base year.
b. Value of all goods and services produced in the economy this year.
c. cost of a given market basket of goods and services using

2) a. the base year's prices
b. this year's prices by the

3)
a. Value of all goods and services produced in the economy in the base year
b. Value of all goods and services produced in the economy this year
c. cost of a given market basket of goods and services using

4)
a. the base year's prices
b. this year's prices

the CPI reflects only the prices of all goods and services 5)
a. produced domestically
b. bought by consumers

Which does an increase in the price of a Chinese-made car that is popular among U. S. consumers show up in?

a. GDP Deflator
b. CPI

Ida sidha karya company is a family-owned company located on the island of bali in indonesia. the company produces a handcrafted balinese musical instrument called a gamelan that is similar to a xylophone. the gamelans are sold for $860. selected data for the company’s operations last year follow: units in beginning inventory 0 units produced 320 units sold 285 units in ending inventory 35 variable costs per unit: direct materials $ 135 direct labor $ 355 variable manufacturing overhead $ 30 variable selling and administrative $ 15 fixed costs: fixed manufacturing overhead $ 64,000 fixed selling and administrative $ 27,000 the absorption costing income statement prepared by the company’s accountant for last year appears below: sales $ 245,100 cost of goods sold 205,200 gross margin 39,900 selling and administrative expense 31,275 net operating income $ 8,625 required: 1. under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of last year? 2. prepare an income statement for last year using variable costing. what is the amount of the difference in net operating income between the two costing methods?