7. The accompanying scatter diagram shows the relation-ship between the unemployment rate and the outputgap in the United States from 1996 to 2019. Draw astraight line through the scatter of dots in the figure.Assume that this line represents Okun's law:Unemployment rate=b-(mx Output gap)where b is the vertical intercept and -m is the slope.CUnemploymentrate10%862-6 -5 -4 -3 -2 -1 0Data from: Federal Reserve Bank of St. Louis.AB3%1 2Output gapWhat is the unemployment rate when aggregate outputequals potential output? What would the unemploy-ment rate be if the output gap were 2%? What if theoutput gap were -3%? What do these results tell usabout the coefficient m in Okun's law?

The O's law describes the country's connection between the growth of the economy and the rate of…

. The accompanying scatter diagram shows the relation- ship between the unemployment rate and the output gap in the United States from 1996 to 2019. Draw a straight line through the scatter of dots in the figure. Assume that this line represents Okun's law: Unemployment rate = b-(mx Output gap) where b is the vertical intercept and -m is the slope. -5 C Unemployment rate 10% 8 6 2 A -4 -3 -2 -1 0 1 Data from: Federal Reserve Bank of St. Louis. B 1 2 Output gap 3% What is the unemployment rate when aggregate output equals potential output? What would the unemploy- ment rate be if the output gap were 2%? What if the output gap were -3%? What do these results tell us about the coefficient m in Okun's law?

. The accompanying scatter diagram shows the relation- ship between the unemployment rate and the output gap in the United States from 1996 to 2019. Draw a straight line through the scatter of dots in the figure. Assume that this line represents Okun's law: Unemployment rate = b-(mx Output gap) where b is the vertical intercept and -m is the slope. -5 C Unemployment rate 10% 8 6 2 A -4 -3 -2 -1 0 1 Data from: Federal Reserve Bank of St. Louis. B 1 2 Output gap 3% What is the unemployment rate when aggregate output equals potential output? What would the unemploy- ment rate be if the output gap were 2%? What if the output gap were -3%? What do these results tell us about the coefficient m in Okun's law?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Is Perform these same calculations for 2020 and 2021, and enter the results in the following table. Notebooks Calculators Large coffees Energy drinks Textbooks Total cost Price index Quantity in Basket 10 1 200 100 10 5 5 Suppose the base year for this price index is 2019. C Between 2019 and 2020, the CSPI increased by $ Price (Dollars) 2 50 1 2 100 5 5 2019 Cost (Dollars) 20 50 200 200 1,000 % 1,470 100 % Price (Dollars) 1 54 1 3 120 In the last row of the table, calculate and enter the value of the CSPI for the remaining years. 5 5 G Search or type URL 2020 Cost (Dollars) Between 2020 and 2021, the CSPI increased by Which of the following, if true, would illustrate why price indexes such as the CSPI might overstate inflation in the cost of going to colleg that apply. MacBook Pro & 7 A new mobile device for personal computing became available for purchase. Professors required each student to buy 10 textbooks, regardless of the price. As the price of calculators rose, fewer students…
E. Refer to the following data compiled by the US government for 2022 for purposes of calculating the GDP Deflator for 2 commodities: ketchup & mustard. First, categorize each data point as either (R) for Real or (N) for Nominal. Then, use the GDP Deflator equation from your notes to calculate what the 'GDP Deflator' is. 2022 Data: *Ketchup & Mustard valued at previous (constant) prices in 2022 = $300 *Ketchup & Mustard valued at current prices in 2022 = $900 Q9: Category (R or N) Q10: GDP Deflator = (Show the equation itself here, as well as the math you used to get your answer):
a) direct relationship. b) inverse relationship. c) converse relationship d) negative relationship.
3. Rubax, a U.S. manufacturer of athletic shoes, estimates the following linear trend model for shoe sales: Qt = a+bt+c1D1+c2D2+c3D3Where, Qt = sales of athletic shoes in the t-th quartert = 1, 2, . . . . , 28 [2011(I), 2011(II), . . . . , 2017(IV)]D1 = 1 if t is quarter I (winter); 0 otherwiseD2 = 1 if t is quarter II (spring); 0 otherwiseD3 = 1 if t is quarter III (summer); 0 otherwiseThe regression analysis produces the following results: Is there sufficient statistical evidence of an upward trend in shoe sales? explain Do these data indicate a statistically significant seasonal pattern of sales for Rubax shoes? If so, what is the seasonal pattern exhibited by the data? Using the estimated forecast equation, forecast sales of Rubax shoes for 2018(III) and 2019(II).
do part d
Consider the following quarterly sales data (in units): Actual Actual Actual 2019 16 12 10 13 51 Based on years 2018-2020, what is the seasonal index for Q2? Q1 Q2 Q3 Q4 Total 2018 15 12 10 13 50 Show Transcribed Text .98 J Based on years 2018-2020, v 1.02 1.05 .95 Ĉ 2020 17 14 12 11 54
Graph and label as either direct or indirect the relationships you would expect to find between (a) the number of inches of rainfal per month and the sale of umbrellas, (b) the amount of tuition and the level of enrollment at a university, and (c) the popularity of an entertainer and the price of her concert tickets.
Table 8 Amounts of New Solar Power Installed in the United States Amount of New Solar Power Installed Year (megawatts) 2006 2007 105 160 2008 290 2009 435 2010 878 2011 1891 3300 2012 Source: GTM Research If the model is given by: y 2.73(1.80)*, what is the growth rate? O the growth rate is 273%. O The growth rate is 80%. O can not be determined from the equation. O The growth rate is 73% O The growth rate is 180%. 99+ a
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Can you explain how they got this answer? I thought the equation was basket value year 2009 divided by basket value year 2007 X 100. That would be $5000/$1200X100=416
Problem 12
The next five questions involve the following situation: Consider an economy with only three consumption goods: cocaine, silver, and Doge memes.' The following table shows prices for 2017-2020. Use 2017 as the base year for any relevant calculations. Based on a 2017 survey, the typical consumer has an annual consumption of 20g of cocaine, 10 oz of silver, and 1,000 memes. Year Price of Cocaine (g) Price of Silver (oz) Price of a Meme 2017 $150 $17 $1 2018 $150 $16 $5 2019 $120 $16 $10 2020 $200 $28 $100 18. What is the CPI for 2017? (А) 100. (В) 196. (C) 301. (D) 2501. 19. What is the CPI for 2020? (А) 100. (В) 196. (C) 301. (D) 2501. 20. Based on these data and their associated Consumer Price Indices, what is the inflation rate from 2018 to 2020? (A) 2,501%. (В) 731%. (C) 100%. (D) 1,176%. 'Doge Coin to the moon.