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    The Consumer Price Index (CPI) is one index mentioned frequently in business news reports. It helps in determining the overall changes in prices faced by consumers in the economy. Describe one other index number that you feel would be helpful for examining changes in the economy or for organizations to run their business and explain why?

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    Stock market indices are also good indicators for organizations to run their businesses. There are many stock indices (different indices for different industries and countries), so we assume that the business we are talking about is a retail ...

    Solution Summary

    This solution discusses an index number that would be helpful in examining changes in the economy.