Homework Answers
24.
Ans: d. 1980 and lowest in 1990.
Explanation:
Salary in real terms:
In 1970:
In 1980:
In 1990:
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24. In 1970, Professor Plum eamed $12,000; in 1980, he earned $24,000; and in 1990, he...
Mr Lucas earned an annual salary of $100,000 in year 1990. His salary last year was...
Mr Lucas earned an annual salary of $100,000 in year 1990. His salary last year was $160,000. According to the Bureau of Statistics, the CPI for 1990 was 100 and CPI for last year was 200. Which of the following statements is true? Select one: a. Mr Lucas is better off now because he earned $60,000 more last year than in 1990. b. Mr Lucas is worse off now because he earned $60,000 less last year than in 1990. c....
Line A 1965 1970 1975 1995 2000 2005 2010 1980 1985 1990 32. Refer to Figure...
Line A 1965 1970 1975 1995 2000 2005 2010 1980 1985 1990 32. Refer to Figure 33-1. Line A is a. investment spending. b. unemployment rate. c. real GDP. arlgin d. CPI. 33. The value of money falls as the price level a. falls, because the number of dollars needed to buy a representative basket of goods rises. b. rises, because the number of dollars needed to buy a representative basket of goods falls. c. falls, because the number of...
Question 1 (1 point) Year Nominal GDP Deflator Real GDP 1980 $12 $24 1990 18...
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23, Refer to Figure 7-1. Based on the figure, a the price level has fallen since...
23, Refer to Figure 7-1. Based on the figure, a the price level has fallen since 1965 b. the price level in 1985 was low er than in 1980 c. the price level fell from 1980 to 1990 d the price level has not fallen since 1965 e. the base year is 1965 24. Parvez is trying to decide whether or not he should lend $1,000 to li for a year. li would pay a fixed nominal interest rate of...
year average male income average female income year since 1965 wage gap 1965 42.6 25.5 0 17.1 1970 49.5 29.4 5 20.1 1975 51.7 30.4 10 21.3 1980 51.6 31.1 15 20.5 1985 51.5 33.2 20 18.3...
year
average male income
average female income
year since 1965
wage gap
1965
42.6
25.5
0
17.1
1970
49.5
29.4
5
20.1
1975
51.7
30.4
10
21.3
1980
51.6
31.1
15
20.5
1985
51.5
33.2
20
18.3
1990
49.3
36.3
25
13
1995
49.3
35.2
30
14.1
2000
51.9
38.3
35
13.6
2005
50.9
39.2
40
11.7
2010
52.8
40.6
45
12.2
2015
57.9
41.3
50
16.6
sample mean
50.8181818
34.5909091
25
16.2272727
sample deviation
3.62
5.11
16.58
3.5
Please...
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1. Tim Smith is shopping for a used luxury car. He has found one priced at...
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Line A 1965 1970 1975 1995 2000 2005 2010 1980 1985 1990 32. Refer to Figure 33-1. Line A is a. investment spending. b. unemployment rate. c. real GDP. arlgin d. CPI. 33. The value of money falls as the price level a. falls, because the number of dollars needed to buy a representative basket of goods rises. b. rises, because the number of dollars needed to buy a representative basket of goods falls. c. falls, because the number of...
23, Refer to Figure 7-1. Based on the figure, a the price level has fallen since 1965 b. the price level in 1985 was low er than in 1980 c. the price level fell from 1980 to 1990 d the price level has not fallen since 1965 e. the base year is 1965 24. Parvez is trying to decide whether or not he should lend $1,000 to li for a year. li would pay a fixed nominal interest rate of...
year
average male income
average female income
year since 1965
wage gap
1965
42.6
25.5
0
17.1
1970
49.5
29.4
5
20.1
1975
51.7
30.4
10
21.3
1980
51.6
31.1
15
20.5
1985
51.5
33.2
20
18.3
1990
49.3
36.3
25
13
1995
49.3
35.2
30
14.1
2000
51.9
38.3
35
13.6
2005
50.9
39.2
40
11.7
2010
52.8
40.6
45
12.2
2015
57.9
41.3
50
16.6
sample mean
50.8181818
34.5909091
25
16.2272727
sample deviation
3.62
5.11
16.58
3.5
Please...
ΤΕΧΝΙΤΗΤΗ iple Choice y the choice that best completes the statement or answers the question. The production possibilities frontier is a graph that shows the various combinations of output that an economy a. should produce. b. wants to produce. c. can produce d. demands 2 The price index was 320 in one year and 360 in the next year. What was the inflation rate? a. 9 percent ((B-A)/A)*100 b. 11.1 percent c. 12.5 percent ((360 - 320)/320)*100 d. 40 percent...
2. Download the annual real GDP and GDP data of the United States 1950-2018 from FRED. For the real GDP, the data online is chain-weighted and uses 2012 as the base year. In the lecture hursday, I showed you the detailed method and calculated the new chain-weighted real GDP when 1990 is the base year. You are required to calculate a new sequence of chain- weighted real GDP given a new base-year. The base year you should use in your...
Tony and Suzie graduate from college in May 2021 and begin developing their new business. They begin by offering clinics for basic outdoor activities such as mountain biking or kayaking. Upon developing a customer base, they'll hold their first adventure races. These races will involve four-person teams that race from one checkpoint to the next using a combination of kayaking, mountain biking, orienteering, and trail running. In the long run, they plan to sell outdoor gear and develop a ropes...
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