Answered: DESCRIBE THE CURRENT STATE OF 2…

DESCRIBE THE CURRENT STATE OF 2 INDICATORS [ i.e. inflation] IN THE PHILIPPINES AND HOW THEY AFFECT THE ECONOMY AS A WHOLE.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter32: Macroeconomic Policy Around The World

Section: Chapter Questions

Problem 7SCQ: How does indexing wage contracts to inflation help workers?

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Concept explainers

Unemployment and Cost of Unemployment

Unemployment is the state of being unemployed, even when an individual is actively seeking work opportunities. The unemployment rate refers to the percentage of the workforce that is currently unemployed.

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DESCRIBE THE CURRENT STATE OF 2 INDICATORS [ i.e. inflation] IN THE PHILIPPINES AND HOW THEY AFFECT THE ECONOMY AS A WHOLE.

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what should we do to control inflation as it is also consumer’s community that can contribute economy with consumption pattern of consumers. Make a meaningful report.
Besides Inflation, Why are dollars received in the future worth less than dollars received today?
Describe the current state of two economic indicators [ i.e. inflation] in the Philippines and how they affect the economy as a whole.
Name 7 forms of indexing in the private and the public sector? Idenitify several parties likely to be helped and hurt by inflation?
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Over the last 10 years, the average rate of inflation has been 1.61%. what is the purchasing power of a dollar today in terms of what a dollar could purchase in 2008?
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Suppose there are 1200 units of money on an island, but money grows by 5.32% per year. Islanders spend each unit of money 2.3 times per year on average and this spending grows by 1.98%. The price level is at 34. GDP is expected to grow at 4.83%. What is the level of inflation? Answer this as a percentage without the percentage sign and round this to two digits after the decimal. ex. If you found the rate to be 5.125%, answer 5.13.
How does indexing wage contracts to inflation help workers?
what should we do to control inflation as it is also consumers community that can contribute economy with consumption pattern of comsumers.
Describe the current state of two economic indicators [ i.e. inflation] in the Philippines and how they affect the economy as a whole. (2 paragraphs)
a) The following table shows the average market basket prices of an Asian country for several years. Year Market Basket Price ($) 2008 340 2018 420 2019 455 2020 500 I. Using the table above, calculate the Consumer Price index for 2018, 2019 and 2020 if the base year is 2008. II. Based on the above information, calculate the inflation rate in the year 2020 b) The following table shows the national account information of an African Country. Item $(millions) Household Consumption 1,250.00 Depreciation of capital goods 120.00 Factor income received from abroad 580.00 Government investment 824.00 Exports 123.00 Imports 390.00 Factor income paid to abroad 225.00 Gross private domestic investment 594.00 Government Consumption 447.00 Transfer Payments…