if the cpi was 90 in 1975 and is 225 today, then 100$ today purchases the...
if the cpi was 90 in 1975 and is 225 today, then 100$ today purchases the same amount of goods and services as
Homework Answers
100$ today purchases the same amount of goods and services as $40
(90/225)* 100 = 40
Add Answer to:
if the cpi was 90 in 1975 and is 225 today, then 100$ today purchases the...
Question 44 2 pts The GDP deflator: takes government purchases into account, unlike the CPI. takes...
Question 44 2 pts The GDP deflator: takes government purchases into account, unlike the CPI. takes business investment purchases into account, unlike the CPI. is generally used to adjust nominal GDP to calculate real GDP. All of the above are true. Exhibit 11-1 GDP - Expenditure Approach Category Amount Percent of GDP (billions of current dollars) Consumption (C) 70% Investment (1) 20% Government purchases (G) 15% Net exports of goods and services (X-M) Gross domestic product $9,000 100% Refer to...
2. Which of the following statements is (are) correct? (x) Suppose that the CPI was 200...
2. Which of the following statements is (are) correct? (x) Suppose that the CPI was 200 in 2006 and was 160 in 1996. Then according to the CPI, $100 in 2006 purchased the same amount of goods and services as $80 in 1996. (y) A worker received $5 for a daily wage in 1930. If the CPI was 17.4 in 1930 and is 215.6 today then the value of that 1930 wage in today’s dollars is more than $68.25 but...
Suppose that in 2016, the CPI for energy rose from 183.4 to 193.3 while the CPI...
Suppose that in 2016, the CPI for energy rose from 183.4 to 193.3 while the CPI for all items rose from 236.5 to 241.4. As a result the inflation rate for energy is lower than the overall inflation rate in 2016. Select one: True False For any given year, the CPI is the price of the basket of goods and services in the given year divided by the price of the basket in the base year, then multiplied by 100....
Suppose that the CPlis currently 300 and was 50 in 1950. Then, according to the CPI,...
Suppose that the CPlis currently 300 and was 50 in 1950. Then, according to the CPI, 51 in 1950 purchased the same amount of goods and services as what amount today? O S4 OS O 506 o d. 56 The local Land Rover dealership has an increase in inventory of 10 SUVs in 2019. How will the sale of all 10 SUVs in 2020 affect the GDP? O a. The value of the cars will be counted as part of...
Exam Version B 27. The consumer price index was 225 in 2006 and 236 in 2017....
Exam Version B 27. The consumer price index was 225 in 2006 and 236 in 2017. The nominal interest rate during this period was 6.5 percent. What was the (approximate) real interest rate during this period? 24. When the prevailing wage in a labor market is held above the equilibrium wage, for whatever reason, A. it means the labor market will function more efficiently than it otherwise would. B. there will be a shortage of labor. C. the quantity of...
Which of the following statements is true of the CPI? Multiple Choice It uses the same...
Which of the following statements is true of the CPI? Multiple Choice It uses the same basket of goods and services as the PPI. The quantities of items in the current year are used for computing the weights for the index. It is an unweighted price index used to measure inflation. It is based on the prices paid by urban consumers for a representative basket of goods and services.
Which of the following statements is true of the CPI? Multiple Choice 13 It uses the...
Which of the following statements is true of the CPI? Multiple Choice 13 It uses the same basket of goods and services as the PPI. The quantities of items in the current year are used for computing the weights for the index O It is an unweighted price index used to measure inflation. It is based on the prices paid by urban consumers for a representative basket of goods and services.
Consider the following price indexes: 90 in 2005, 100 in 2006, 110 in 2007, 121 in...
Consider the following price indexes: 90 in 2005, 100 in 2006, 110 in 2007, 121 in 2008, and 150 in 2009. Answer the following questions. (2 points) What is the base year? What is the inflation rate from 2006 and 2007? What is the inflation rate from 2007 and 2008? If the cost of a market basket in 2006 is $2000, what is the cost of the same basket of goods and services in 2005? In 2009?
Supposed the CPI for India changed from 100 in Year 0 to 230 in Year 10...
Supposed the CPI for India changed from 100 in Year 0 to 230 in Year 10 while the U.S. CPI changed from 100 in Year 0 to 130 in Year 10. The exchange rate between the India Rupee and U.S. dollar changed from 45 Rupee per dollar to 55 Rupee per dollar during the same time period. Using Year 0 as the year for comparison (base year), what was the PPP-implied exchange rate in Year 10 (Indian rupee per U.S....
In 1975, Kodak had 90% of camera film sales and 85% of camera sales in the...
In 1975, Kodak had 90% of camera film sales and 85% of camera sales in the U.S. It also dominated the markets for photo paper, film processing equipment, and film processing services. It had deep expertise, strong brand loyalty, and strong relationships with photo shops. In that year, a Kodak engineer built a digital camera prototype. It was just a clunky lab construct, but he proposed developing a model for the market. Kodak executives rejected the proposal. One year later,...
Question 44 2 pts The GDP deflator: takes government purchases into account, unlike the CPI. takes business investment purchases into account, unlike the CPI. is generally used to adjust nominal GDP to calculate real GDP. All of the above are true. Exhibit 11-1 GDP - Expenditure Approach Category Amount Percent of GDP (billions of current dollars) Consumption (C) 70% Investment (1) 20% Government purchases (G) 15% Net exports of goods and services (X-M) Gross domestic product $9,000 100% Refer to...
Suppose that the CPlis currently 300 and was 50 in 1950. Then, according to the CPI, 51 in 1950 purchased the same amount of goods and services as what amount today? O S4 OS O 506 o d. 56 The local Land Rover dealership has an increase in inventory of 10 SUVs in 2019. How will the sale of all 10 SUVs in 2020 affect the GDP? O a. The value of the cars will be counted as part of...
Exam Version B 27. The consumer price index was 225 in 2006 and 236 in 2017. The nominal interest rate during this period was 6.5 percent. What was the (approximate) real interest rate during this period? 24. When the prevailing wage in a labor market is held above the equilibrium wage, for whatever reason, A. it means the labor market will function more efficiently than it otherwise would. B. there will be a shortage of labor. C. the quantity of...
Which of the following statements is true of the CPI? Multiple Choice It uses the same basket of goods and services as the PPI. The quantities of items in the current year are used for computing the weights for the index. It is an unweighted price index used to measure inflation. It is based on the prices paid by urban consumers for a representative basket of goods and services.
Which of the following statements is true of the CPI? Multiple Choice 13 It uses the same basket of goods and services as the PPI. The quantities of items in the current year are used for computing the weights for the index O It is an unweighted price index used to measure inflation. It is based on the prices paid by urban consumers for a representative basket of goods and services.
Most questions answered within 3 hours.
-
What is the advantage(s) of using iPS instead of ES cells for stem
cell therapies?
asked 31 seconds from now -
1. The return on assets
(ROA) for XYZ Hospital Systems Inc, below, for the year 20XX
was...
asked 2 minutes ago -
use linux follow instructions , put the commands at each step
and screenshot at each step...
asked 3 minutes ago -
1.
In the laws of optics experiment, a student measured the
intensity of a light source...
asked 6 minutes ago -
What is the length of a box in which the minimum energy of an
electron is...
asked 8 minutes ago -
A Government of Canada bond will pay $50 at the end of every six
months for...
asked 8 minutes ago -
Researchers measured the data speeds for a particular smartphone
carrier at 50 airports. The highest speed...
asked 25 minutes ago -
Ingraham Inc. currently has $880,000 in accounts receivable, and
its days sales outstanding (DSO) is 47...
asked 26 minutes ago -
Look at sample problem 19.6 in the 8th ed Silberberg book.
Enter your answers in scientific...
asked 46 minutes ago -
A long straight wire carries a current of 5.00 A at a distance r from the...
asked 47 minutes ago -
A 125
g baseball is thrown at a speed of 127ft/sec at a batter, the ball...
asked 52 minutes ago -
If you have an eta squared of .34 and used a
between-subjects design, what does that...
asked 1 hour ago