Homework Answers
NOTE- PLEASE HIT LIKE AND COMMENT FOR FURTHER CLARIFICATIONS.
Add Answer to:
4. Given the following data for an economy: Consumer price index was 120 and 150 in...
help 15. Using the following data on the Consumer Price Index for a fictitious economy, tell...
help
15. Using the following data on the Consumer Price Index for a fictitious economy, tell whether there has been inflation, deflation (or neither) from each year to the next: Year 1978 1979 inflation?/deflation?/neither? XXX CPI 130 120 100 110 120 1980 1981 1982 16. Given that the base rate of interest a bank would charge with NO inflation = 7% in year A, actual inflation in year A was 3% but expected inflation that year was predicted to be...
plz solve step by step 1. Consumer Price Index has changed by 7.67% and 7.78% in...
plz solve step by step 1. Consumer Price Index has changed by 7.67% and 7.78% in 2015 and 2016 for Turkey. Suppose a trade union has negotiated 15.5% increase in the wages at the beginning of 2015. Would it be enough to compensate the price increases? Show your calculations and explain your reasoning. 2. Consumer Price Index has changed by 7.78% in 2016 and 7.29% in the first 9 months in 2017. Suppose a trade union has negotiated 15.5% increase...
If the consumer price index falls from 120 to 116 in a particular year, the economy...
If the consumer price index falls from 120 to 116 in a particular year, the economy has experienced: Select one: a. inflation of 4 percent b. inflation of 3.33 percent c. deflation of 3.33 percent d. deflation of 4 percent e. low unemployment
Use the following table for a hypothetical single-product economy. Assume that 2010 is the base year....
Use the following table for a hypothetical single-product economy. Assume that 2010 is the base year. YEAR Quantity Price per unit Price Index Nominal GDP Real GDP 2010 100 10 2011 120 20 2012 125 25 2013 130 30 2014 140 40 2015 150 50 2016 200 55 2017 205 60 Complete the table by calculating the Price index, Nominal GDP and Real GDP.
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...
27. One shortcoming of using the Consumer Price Index to measure the cost of living is that a. changes in the quali...
27. One shortcoming of using the Consumer Price Index to measure the cost of living is that a. changes in the quality of goods may not be accounted for in computing the index. b. All of the above are problems in using the CPL c. the components of the market basket are changed infrequently d. changes in consumer spending habits are not accounted for in computing the index 28. Fiscal policy refers to changes in t o affect overall spending...
Consider a simple economy that produces two goods: pencils and oranges. The following table shows the...
Consider a simple economy that produces two goods: pencils and oranges. The following table shows the prices and quantities of the goods over a three-year period Pencils Oranges Price Price Quantity Quantity (Number of pencils) 110 155 120 (Dollars per pencil) (Dollars per orange) (Number of oranges) Year 2012 2013 2014 150 215 180 Use the information from the preceding table to fill in the following table Real GDP (Base year 2012, dollars) Nominal GDP (Dollars) GDP Deflator Year 2012...
1. Calculating inflation using a simple price index Consider a fictional price index, the College Student...
1. Calculating inflation using a simple price index Consider a fictional price index, the College Student Price Index (CSPI), based on a typical college student's annual purchases. Suppose the following table shows information on the market basket for the CSPI and the prices of each of the goods in 2014, 2015, and 2016. The cost of each item in the basket and the total cost of the basket are shown for 2014. Perform these same calculations for 2015 and 2016,...
The economy of Euphoria has the following economic data. Year 2016 2017 2018 Nominal Gross Domestic Produc...
The economy of Euphoria has the following economic data. Year 2016 2017 2018 Nominal Gross Domestic Product ($ billions) 1,625 1,675 1,697.50 Real Gross Domestic Product ($ billions) 2015 = 1,568.5 1,625 1,649.75 1,702.50 GDP deflator 100 101.53 99.71 % change in real Consumption spending 3 1.75 2.8 % change in real Investment spending 2 -10 5 Net exports ($ billions) -3,000 -6,000 -12,000 Unemployment rate (%) 5.3 5.8 5.2 Natural rate of unemployment 4.8 4.8 4.8 Index of production...
1. In 1975 tuition at Wattsomata University was $2,500 and the consumer price index was 80....
1. In 1975 tuition at Wattsomata University was $2,500 and the consumer price index was 80. In 2011 tuition was $12,000 and the price index was 320. Which of the following is correct? a. Nominal and real tuition were both higher in 1975. b. Nominal and real tuition were both higher in 2011. c. Nominal tuition was higher in 1975, real tuition was higher in 2011. d. Nominal tuition was higher in...
help
15. Using the following data on the Consumer Price Index for a fictitious economy, tell whether there has been inflation, deflation (or neither) from each year to the next: Year 1978 1979 inflation?/deflation?/neither? XXX CPI 130 120 100 110 120 1980 1981 1982 16. Given that the base rate of interest a bank would charge with NO inflation = 7% in year A, actual inflation in year A was 3% but expected inflation that year was predicted to be...
Use the following table for a hypothetical single-product economy. Assume that 2010 is the base year. YEAR Quantity Price per unit Price Index Nominal GDP Real GDP 2010 100 10 2011 120 20 2012 125 25 2013 130 30 2014 140 40 2015 150 50 2016 200 55 2017 205 60 Complete the table by calculating the Price index, Nominal GDP and Real GDP.
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...
27. One shortcoming of using the Consumer Price Index to measure the cost of living is that a. changes in the quality of goods may not be accounted for in computing the index. b. All of the above are problems in using the CPL c. the components of the market basket are changed infrequently d. changes in consumer spending habits are not accounted for in computing the index 28. Fiscal policy refers to changes in t o affect overall spending...
Consider a simple economy that produces two goods: pencils and oranges. The following table shows the prices and quantities of the goods over a three-year period Pencils Oranges Price Price Quantity Quantity (Number of pencils) 110 155 120 (Dollars per pencil) (Dollars per orange) (Number of oranges) Year 2012 2013 2014 150 215 180 Use the information from the preceding table to fill in the following table Real GDP (Base year 2012, dollars) Nominal GDP (Dollars) GDP Deflator Year 2012...
1. Calculating inflation using a simple price index Consider a fictional price index, the College Student Price Index (CSPI), based on a typical college student's annual purchases. Suppose the following table shows information on the market basket for the CSPI and the prices of each of the goods in 2014, 2015, and 2016. The cost of each item in the basket and the total cost of the basket are shown for 2014. Perform these same calculations for 2015 and 2016,...
Most questions answered within 3 hours.
-
Can you figure out if any R functions used to subset a time
series 1 or...
asked 18 minutes ago -
Which of the following is correct?
A. APC + MPS = 1
B. APS + MPS...
asked 30 minutes ago -
Given a regression sum of squares equal to 2373.59 and a total
sum of squares equal...
asked 2 hours ago -
Compare and contrast the linear motion and angular motion
equations F ma and . That is,...
asked 1 hour ago -
Now that this course has taken you on a journey of introduction
to the world of...
asked 1 hour ago -
The sandwich maker of the EE-Cole-Eye Sandwich Truck was just
fired (for a reason described below)...
asked 4 hours ago -
Name the following coordination compounds using systematic
nomenclature.
1. [Co(H2O)6]Cl2:
2. [Cr(NH3)6](NO3)3:
3. K4[Fe(CN)6]:
4. Na[Au(CN)4]:...
asked 3 hours ago -
Propose an efficient synthesis of 2-Bromo-5-nitrotoluene from
benzene. Hint: 3 steps. Consider directing effects of substituents....
asked 5 hours ago -
This assignment will explore the impact of corporate decisions
on a local versus a global perspective....
asked 5 hours ago -
Given the function below, F(w,x,y,z)= x’z+w’z’+w’y
a) draw a logic diagram for an implementation which uses...
asked 4 hours ago -
Most political philosophers believe we have a duty to obey laws,
even if the laws in...
asked 5 hours ago -
Which of the following are common negotiation outcome
mistakes?
a. Leave money on the table b....
asked 5 hours ago