Homework Answers
Correct Answer:
Inflation rate has decreased in the last few years and it has got slowed in recent years.
Volatility : Slightly erratic
The graph shows that inflation rate is following a zig-zag motion, but shows to change its value within a range in mid years. So, it is erratic, though slight in nature.
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Has the inflation rate in the United States increased or decreased in the past few years?...
The mean annual inflation rate in the UNited States over the past 98 years in 3.37%...
The mean annual inflation rate in the UNited States over the past 98 years in 3.37% and has a standard deviation of approx 5%. In 2018, the inflation rate was below 1.9%. If the annual inflation rate is normally distributed, what is the probability that inflation rate will be below 1.9% in 2019? Please show all work, including step by step.
The following graph shows the inflation rate in the US between 1965 and 2015. (a) From...
The following graph shows the inflation rate in the US between
1965 and 2015.
(a) From 1965 to 1995, does CPI in the US always increase over
time? Explain.
(b) Suppose 2009 is the base year, and the inflation rate
between 2009 and 2010 is -2%. (i) What is the CPI in 2009? (ii)
Calculate the CPI in 2010. (iii) Between 2009 and 2010, the nominal
interest rate is 3%, calculate the real interest rate.
(c) Between 1970 and 1985,...
66. U.S. Imports. The amount of imports to the United States has increased exponentially since 1980...
66. U.S. Imports. The amount of imports to the United States has increased exponentially since 1980 - (Sources: U.S. Census Bureau; U.S. Bureau of Economic Analysis; U.S. Department of Commerce). The exponential function 1(x) = 297.539(1.075)*, where x is the number of years after 1980, can be used to estimate the total amount of U.S. imports, in billions of dollars. Find the total amount of imports to the United States in 1995, in 2005, in 2010, and in 2013. Round...
Inflation and the Quantity Theory of Money- Ask FRED Let's look at the inflation rate and...
Inflation and the Quantity Theory of Money- Ask FRED Let's look at the inflation rate and the interest rate on 30-year mortgages in the United States. The accompanying diagram plots 30-vear mortgage rates with the percent change in the CPI, i.e.7.5 the annual rate of inflation 17.5 15.0 12.5 Lu 30-Year Fixed Rate Mortgage Average in 1981 16.64 the United States Vintage: 2018-02-01: Consumer Price Index for All Urban 1981 10.37831 Consumers: All Items Vintage: 2018 01-12: b0 5.0 2.5...
25) Along with incomes, people's charitable contributions have steadily increased over the past few years. The...
25) Along with incomes, people's charitable contributions have steadily increased over the past few years. The table below shows the average deduction for charitable contributions reported on individual income tax returns for the period 1993 to 1998. Find the average annual increase between 1995 and 1997. Year Charitable Contributions 1993 $1990 1994 $2430 1995 $2480 1996 $2830 1997 $3040 1998 $3170
The table below shows six years of hypothetical CPI values for the United States. Using the...
The table below shows six years of hypothetical CPI values for the United States. Using the information in the table, compute the annual inflation rate. Instructions: Round your answers to two decimal places. CPI Values and Inflation Inflation Rate (percent) СРІ Year 2009 2010 1.64 % 2011 208.04 214.07 221.90 228.10 233.69 246.69 2012 2013 2014
In the United States between 1973 and 2013, the inflation rate... A. increased every year B....
In the United States between 1973 and 2013, the inflation rate... A. increased every year B. only increased in late 90s c. increased in late 70s-80s D. peaked during late 70s-90s E. has been relatively constant at approximately 4 percent to 6 percent per year
2 Understanding and Calculating Inflation Real and Nominal Interest Rates in the United States, 1960-2015 Percent...
2 Understanding and Calculating Inflation Real and Nominal Interest Rates in the United States, 1960-2015 Percent 16 14 Nominal Real 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 Year Figure 2: Real and nominal interest rates in the US, 1960-2015 1. State the Fisher equation. What do the three variables in Fisher's equation represent? 2. Consider Figure 2. Why do negative real interest rates occur? Are they a problem for the economy? 3. In Figure 2,...
The large wave of immigration from Mexico to the United States that began four decades ago,...
The large wave of immigration from Mexico to the United States that began four decades ago, most of it unauthorized, has to a large degree ended. As a report from the Pew Hispanic Center confirms, net migration from Mexico to the United States sank to about zero in the past five years. Did the North American Free Trade Agreement (NAFTA) play a role? Yes and no. Actually, the number of Mexicans living illegally in the United States shot up from...
Background to the question Over the past few years some states in the United States have...
Background to the question Over the past few years some states in the United States have begun to legalize marijuana, while other states have not. In addition to legalizing marijuana, some states, such as California have introduced a tax on all marijuana products. QUESTION You are hired as an economic consultant by a state government that would like to analyse the impact of legalization of marijuana, taking account of different potential market structures. In your answer you should use appropriate...
The following graph shows the inflation rate in the US between
1965 and 2015.
(a) From 1965 to 1995, does CPI in the US always increase over
time? Explain.
(b) Suppose 2009 is the base year, and the inflation rate
between 2009 and 2010 is -2%. (i) What is the CPI in 2009? (ii)
Calculate the CPI in 2010. (iii) Between 2009 and 2010, the nominal
interest rate is 3%, calculate the real interest rate.
(c) Between 1970 and 1985,...
66. U.S. Imports. The amount of imports to the United States has increased exponentially since 1980 - (Sources: U.S. Census Bureau; U.S. Bureau of Economic Analysis; U.S. Department of Commerce). The exponential function 1(x) = 297.539(1.075)*, where x is the number of years after 1980, can be used to estimate the total amount of U.S. imports, in billions of dollars. Find the total amount of imports to the United States in 1995, in 2005, in 2010, and in 2013. Round...
Inflation and the Quantity Theory of Money- Ask FRED Let's look at the inflation rate and the interest rate on 30-year mortgages in the United States. The accompanying diagram plots 30-vear mortgage rates with the percent change in the CPI, i.e.7.5 the annual rate of inflation 17.5 15.0 12.5 Lu 30-Year Fixed Rate Mortgage Average in 1981 16.64 the United States Vintage: 2018-02-01: Consumer Price Index for All Urban 1981 10.37831 Consumers: All Items Vintage: 2018 01-12: b0 5.0 2.5...
25) Along with incomes, people's charitable contributions have steadily increased over the past few years. The table below shows the average deduction for charitable contributions reported on individual income tax returns for the period 1993 to 1998. Find the average annual increase between 1995 and 1997. Year Charitable Contributions 1993 $1990 1994 $2430 1995 $2480 1996 $2830 1997 $3040 1998 $3170
The table below shows six years of hypothetical CPI values for the United States. Using the information in the table, compute the annual inflation rate. Instructions: Round your answers to two decimal places. CPI Values and Inflation Inflation Rate (percent) СРІ Year 2009 2010 1.64 % 2011 208.04 214.07 221.90 228.10 233.69 246.69 2012 2013 2014
2 Understanding and Calculating Inflation Real and Nominal Interest Rates in the United States, 1960-2015 Percent 16 14 Nominal Real 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 Year Figure 2: Real and nominal interest rates in the US, 1960-2015 1. State the Fisher equation. What do the three variables in Fisher's equation represent? 2. Consider Figure 2. Why do negative real interest rates occur? Are they a problem for the economy? 3. In Figure 2,...
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