ZuoTi.Pro
Question

1.) The inflation rate between the years 2000 and 2001 was 3.34%. Based on this information,...

1.) The inflation rate between the years 2000 and 2001 was 3.34%. Based on this information, a basket of goods that cost $145 in the year 2000 would now cost how much in the year 2001? Enter a number rounded to two decimal places?

2.) If more spouses decide to quit their jobs to stay home with their young children the supply of labor will ___ causing the average wage to
- decrease : increase
- decrease : decrease
- increase : increase
- increase : decrease

3.) Retired people who are still capable of working are part of the adult population and are part of the labor force. True or False

business   economics   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

a) The price of the basket will increase by 3.34%. ($145 x 3.5) / 100 = 4.35, the price of the basket increased by 4.35. the new price will be 149.35.

b) This will decrease the average supply of labor and that will increase the real wages in the market.

The answer is "decrease" and "increase" "A".

c) "False"

they should not be institutionalized, then they are part of the labor force.

0 0
Add a comment
Know the answer?
Add Answer to:
1.) The inflation rate between the years 2000 and 2001 was 3.34%. Based on this information,...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • 1.The purchasing power of the $20 bill increases over time due to inflation. Group of answer...

    1.The purchasing power of the $20 bill increases over time due to inflation. Group of answer choices True False 2.The consumer price index increased from 120 to 132. If you received a raise equal to 10% during this time period then your real income has decreased. Group of answer choices True False 3.Productivity is measured by calculating the growth rate of real GDP. Group of answer choices True False 4.The labor force is made up of all people who are...

  • Refer to the scenario to answer questions A and B A government worker surveys a number...

    Refer to the scenario to answer questions A and B A government worker surveys a number of households and comes up with the following information: 15 of the people were children under 16, 12 of the people were retired but still capable of working, 38 people had full-time jobs, 5 had part-time jobs, 8 were stay-at-home parents, 10 were full-time students over the age of 16, 15 were disabled people who could not work, 10 people had no job but...

  • 1. All of the following groups can be hurt by unanticipated inflation, except: a- Lenders b-...

    1. All of the following groups can be hurt by unanticipated inflation, except: a- Lenders b- Borrowers c- Retired People on Fixed Incomes d- Savers 2. The type of inflation that occurs because input prices (costs of production) have risen rapidly is: a- Deflation b- Demand-Pull Inflation c- Cost-Push Inflation d- Hyperinflation 3. Suppose that the CPI in 2000 was 176 and the CPI in 2001 was 178.4. Calculate the rate of inflation from 2000 to 2001. a- 2.4% b-...

  • 1.         Year     Nominal GDP    GDP Price deflator        Real GDP          Inflation Rate  

    1.         Year     Nominal GDP    GDP Price deflator        Real GDP          Inflation Rate   Growth Rate                 2008    $14,833.60             99.23                                        --                     --             2009    14,417.90            100.00             2010      14,779.40            101.21             2011      15,052.40            103.20             2012      15,470.70            105.00             2013      15,759.00            106.59             2014      17,420.70            108.27             2015    18,287.20            110.01             2016    18,905.50            112.08             2017    19,738.90            114.27                         a.         Fill in the blanks in the table above and show your work.             b.         Over this time period, does inflation...

  • Do all parts please. No explanation needed. Part 1: Most of the reduction in poverty rates...

    Do all parts please. No explanation needed. Part 1: Most of the reduction in poverty rates since World War II occurred as a result of the 1996 welfare reforms. 1940s War On Poverty. 1960s War On Poverty. end of "welfare as we know it." Part 2 Policies focused on putting people to work by having them construct parks would be considered demand-side policies. monetary policies. supply-side policies. demand-side and supply-side policies. Part 3 A 15-year old that wants a job...

  • Question 70 2.5 pts In the unemployment rate, part-time workers are: not included in the labor...

    Question 70 2.5 pts In the unemployment rate, part-time workers are: not included in the labor force. included in the labor force, but counted as unemployed. treated the same way as discouraged workers. included in the labor force and counted as employed. Question 69 2.5 pts Which of the following would be officially classified as unemployed? O a school administrator who has been working as a substitute teacher one day per week while looking for a full-time job in administration...

  • 1. Structural unemployment is the result of A) short-term movement of workers between jobs. B) job...

    1. Structural unemployment is the result of A) short-term movement of workers between jobs. B) job search for first-time job seekers. C) technological change or permanent changes in industry demand. D) business cycle fluctuations. E) recurring changes in the hiring needs of certain industries. 2. The real interest rate equals A) the nominal interest rate minus the rate of unexpected inflation. B) the rate of expected inflation minus the nominal interest rate. C) the nominal interest rate minus the rate...

  • FART I TRUE FALSE QUESTIONS (10 points). Please write True (1) or False (F) on the...

    FART I TRUE FALSE QUESTIONS (10 points). Please write True (1) or False (F) on the blank Scarcity is the intimited nature of society's resources given society's limited wants 2. A reward is a type of positive incentive. 3. To remove difficulty of double coincidence of wants we use money. 4. An exogenous factor is a variable that can be controlled for inside the model. 5. The PPF will not have a constant slope. 6. The law of demand states...

  • QUESTION 10 Consider the monthly data, including the estimates for March 2020, and the information in...

    QUESTION 10 Consider the monthly data, including the estimates for March 2020, and the information in the articles. Which of the following is the best analysis of and prediction for the money market in the U.S. economy for the next few months?   a. Shortages are causing panic buying by households, which has increased money demand. Lenders are increasing their lending to keep up with the needs of households and businesses. Money demand is increasing more than money supply. b. Shortages...

  • Question 9 1) Summarize the information for TrueBeat from Q9 & 10 of HW1.1 assuming they...

    Question 9 1) Summarize the information for TrueBeat from Q9 & 10 of HW1.1 assuming they produce and sell 1,000 drum sets during the year. Remember to use 2 decimals for "per unit" values. Total Dollars True Beat - Summarized connect given data Average Cost per Unit Direct materials 19 Direct labor $ 90 Variable manufacturing overhead $ 35 Fixed manufacturing overhead $ Fixed selling & administrative expense $ Variable selling & administrative expenses 25 Sales price per unit 516...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT