In Japan it would be expressed in yen. In England it would be expressed in pounds. The base year is always the current year. It only attempts to measure the prices consumed by consumers, not businesses, government, or U.S. goods consumed by foreigners. It is the only official price index of the U.S. Government.
Factors of production receive compensation that is specific to the role they perform.
Match the factor of production with the compensation. Factor Compensation i. Land 1. A price searcher refers to an aggressive shopper. The following is true in equilibrium for all firms selling goods and services in a market economy. Profit is equal to zero.