Homework Answers
Inflation Rate= {(CPI in Year 2– CPI in Year 1)/CPI in Year 1}×100
Inflation Rate={( 255–208)/208}×100
Inflation Rate= 23%.
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Question 72 (1 point) If the Consumer Price Index was 208 in Year 1 and 255...
Question 63 (1 point) in an economy, a market basket of goods cost $6,050 in year...
Question 63 (1 point) in an economy, a market basket of goods cost $6,050 in year 1. The same market basket cost $7,245 in year 2. Assuming Year 1 is the base year, the Consumer Price Index in Year 1 is equal to ** You must report your answer as a whole number - do not include a decimal. For example, 15 or 268 or -173. If you do not report it in this way, it may be marked as...
Question 73 (1 point) Suppose in a country you're given the following information: - the number...
Question 73 (1 point) Suppose in a country you're given the following information: - the number unemployed is 93 - the total population is 1,660 - the number employed is 945 - the number of discouraged workers is 55. The unemployment rate is equal to **You must report your answer as a whole number - do not include a decimal. For example, 15 or 268 or -173. If you do not report it in this way, it may be marked...
Question 61 (1 point) Suppose in a country Real GDP increased from $213,500 to $243,800 while...
Question 61 (1 point) Suppose in a country Real GDP increased from $213,500 to $243,800 while the population increased from 119 to 120. The change in real per-capita GDP would be: $_______ ** You must report your answer as a whole number - do not include a decimal or a dollar sign. For example, 15 or 268 or -173. If you do not report it in this way, it may be marked as incorrect. Note on rounding: 0.5 or higher...
Question 64 (1 point) Suppose in a country you're given the following information: - the number...
Question 64 (1 point) Suppose in a country you're given the following information: - the number employed is 2,380 - the number structurally unemployed is 60 the number frictionally unemployed is 250 - the number unemployed is 440 The number of people cyclically unemployed is equal to ** You must report your answer as a whole number - do not include a decimal. For example, 15 or 268 or -173. If you do not report it in this way, it...
Suppose a banking system has $ 135,000 of checkable deposits and actual reserves of $ 15,000....
Suppose a banking system has $ 135,000 of checkable deposits and actual reserves of $ 15,000. If the reserve ratio is 8% Required Reserves in the banking system are equal to: $ (Put only numbers in your answer; do not put a dollar sign in your answer.) Your Answer: Answer Question 71 (1 point) in an economy, a market basket of goods cost $6,170 in year 1. The same market basket cost $7,065 in year 2. Assuming Year 1 is...
Question 62 (1 point) Suppose that in an economy, consumer expenditures are $2,890, government purchases are...
Question 62 (1 point) Suppose that in an economy, consumer expenditures are $2,890, government purchases are $705, and investment spending is $725, exports are 175 and imports are 230. GDP is equal to $ **You must report your answer as a whole number - do not include a decimal or a dollar sign. For example, 15 or 268 or -173. If you do not report it in this way, it may be marked as incorrect** Your Answer: Answer
Question 66 (1 point) Assume you are studying an economy that produces only one good. In...
Question 66 (1 point) Assume you are studying an economy that produces only one good. In Year 1, 92 units of output were produced and the (per unit) price in Year 1 was $23 In Year 2, 101 units of output were produced and the (per-unit) price in Year 2 was $25 In Year 3, 208 units of output were produced and the (per-unit) price in Year 3 was $35 **You Assume that Year 2 is the base year. Real...
Question 65 (1 point) If the reserve ratio is 13% the value of the money multiplier...
Question 65 (1 point) If the reserve ratio is 13% the value of the money multiplier is (Put only numbers in your answer; round your answer to the nearest whole number... 0.5 or higher rounds up; everything else rounds down) Your Answer: Answer
Question 67 (1 point) Assume you are studying an economy that produces only one good. In...
Question 67 (1 point) Assume you are studying an economy that produces only one good. In Year 1, 83 units of output were produced and the (per-unit) price in Year 1 was $24 In Year 2, 127 units of output were produced and the (per-unit) price in Year 2 was $28 In Year 3, 171 units of output were produced and the (per-unit) price in Year 3 was $29 Assume that Year 2 is the base year. Nominal GDP in...
Question 4 0.25 pts 4. The consumer price index (CPI) is 150 in year 1, 156...
Question 4 0.25 pts 4. The consumer price index (CPI) is 150 in year 1, 156 in year 2, and 160 in year 3. What is the inflation rate for year 2? Round to nearest whole percentage. a. 3% b.4% O c.6% O d. 7% Question 5 0.25 pts 5. Which of the following is NOT a cost of inflation? a. unexpected redistribution of wealth and income b. reduction in the value of cash that is held c. higher real...
Question 63 (1 point) in an economy, a market basket of goods cost $6,050 in year 1. The same market basket cost $7,245 in year 2. Assuming Year 1 is the base year, the Consumer Price Index in Year 1 is equal to ** You must report your answer as a whole number - do not include a decimal. For example, 15 or 268 or -173. If you do not report it in this way, it may be marked as...
Question 73 (1 point) Suppose in a country you're given the following information: - the number unemployed is 93 - the total population is 1,660 - the number employed is 945 - the number of discouraged workers is 55. The unemployment rate is equal to **You must report your answer as a whole number - do not include a decimal. For example, 15 or 268 or -173. If you do not report it in this way, it may be marked...
Question 61 (1 point) Suppose in a country Real GDP increased from $213,500 to $243,800 while the population increased from 119 to 120. The change in real per-capita GDP would be: $_______ ** You must report your answer as a whole number - do not include a decimal or a dollar sign. For example, 15 or 268 or -173. If you do not report it in this way, it may be marked as incorrect. Note on rounding: 0.5 or higher...
Question 64 (1 point) Suppose in a country you're given the following information: - the number employed is 2,380 - the number structurally unemployed is 60 the number frictionally unemployed is 250 - the number unemployed is 440 The number of people cyclically unemployed is equal to ** You must report your answer as a whole number - do not include a decimal. For example, 15 or 268 or -173. If you do not report it in this way, it...
Suppose a banking system has $ 135,000 of checkable deposits and actual reserves of $ 15,000. If the reserve ratio is 8% Required Reserves in the banking system are equal to: $ (Put only numbers in your answer; do not put a dollar sign in your answer.) Your Answer: Answer Question 71 (1 point) in an economy, a market basket of goods cost $6,170 in year 1. The same market basket cost $7,065 in year 2. Assuming Year 1 is...
Question 62 (1 point) Suppose that in an economy, consumer expenditures are $2,890, government purchases are $705, and investment spending is $725, exports are 175 and imports are 230. GDP is equal to $ **You must report your answer as a whole number - do not include a decimal or a dollar sign. For example, 15 or 268 or -173. If you do not report it in this way, it may be marked as incorrect** Your Answer: Answer
Question 66 (1 point) Assume you are studying an economy that produces only one good. In Year 1, 92 units of output were produced and the (per unit) price in Year 1 was $23 In Year 2, 101 units of output were produced and the (per-unit) price in Year 2 was $25 In Year 3, 208 units of output were produced and the (per-unit) price in Year 3 was $35 **You Assume that Year 2 is the base year. Real...
Question 65 (1 point) If the reserve ratio is 13% the value of the money multiplier is (Put only numbers in your answer; round your answer to the nearest whole number... 0.5 or higher rounds up; everything else rounds down) Your Answer: Answer
Question 67 (1 point) Assume you are studying an economy that produces only one good. In Year 1, 83 units of output were produced and the (per-unit) price in Year 1 was $24 In Year 2, 127 units of output were produced and the (per-unit) price in Year 2 was $28 In Year 3, 171 units of output were produced and the (per-unit) price in Year 3 was $29 Assume that Year 2 is the base year. Nominal GDP in...
Question 4 0.25 pts 4. The consumer price index (CPI) is 150 in year 1, 156 in year 2, and 160 in year 3. What is the inflation rate for year 2? Round to nearest whole percentage. a. 3% b.4% O c.6% O d. 7% Question 5 0.25 pts 5. Which of the following is NOT a cost of inflation? a. unexpected redistribution of wealth and income b. reduction in the value of cash that is held c. higher real...
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