Because of these features, you can learn LabVIEW even if you have little or no programming experience. However, you will find that a knowledge of programming fundamentals is very helpful. How Does LabVIEW Work? A LabVIEW program consists of one or more virtual instruments (VIs).
First, let's take a look at what these two acronyms mean: the PPI is the producer price index and the CPI is the consumer price index. Both indexes calculate the change in price of a set of goods and services, however there are two fundamental differences between the producer price index and the consumer price index. The first difference between the indexes is the targeted goods and services. The producer price index focuses on the whole output of producers in the United States.
At any price below P, the quantity demanded is greater than the quantity supplied. In such a situation, consumers would be clamouring for a product that producers would not be willing to supply; a shortage would exist. In this event, consumers would choose to pay a higher price in order to get the product they want, while producers would be encouraged by a higher price to bring more of the product onto the market. The end result is a rise in price, to P, where supply and demand are in balance.