Price Indes Year Price Year Indes 1970 36.8 1960 1990 130,7 2000 172.3 2010 218.1 1971 40.5 1981 90.9 1991 136.2 2001 177.1 2011 2249 1972 41.8 1982 1992 2012 1973 1983 1993 1403 2002 179.9 1445 2003 184 1482 2004 1869 100 101.9 1994 2013 233 1974 1964 2014 234.8 1985 1995 152.4 2005 1953 2015 237 2016 2016 210.1 107.6 1986 109.6 1996 1569 2006 2007 2008 2153 2018 251 1987 1997 160.5 207.3 2017 245.1 1136 65.2 1988 118.3 1996 163 726 124 1999 166.6 2009 2143 Source Bureau of Laber Statistics, United States Department of Labor 1975 1976 1977 1978 1979 444 49.3 Price Index 82.4 53.8 56.9 60.6 Price Indes Based on the table of CPI, calculate the following: Laura's salary was $100,000 in 2000. In order to maintain the same level of purchasing power in 2010 as she had in 2000, what should be her salary?

Price Indes Year Price Year Indes 1970 36.8 1960 1990 130,7 2000 172.3 2010 218.1 1971 40.5 1981 90.9 1991 136.2 2001 177.1 2011 2249 1972 41.8 1982 1992 2012 1973 1983 1993 1403 2002 179.9 1445 2003 184 1482 2004 1869 100 101.9 1994 2013 233 1974 1964 2014 234.8 1985 1995 152.4 2005 1953 2015 237 2016 2016 210.1 107.6 1986 109.6 1996 1569 2006 2007 2008 2153 2018 251 1987 1997 160.5 207.3 2017 245.1 1136 65.2 1988 118.3 1996 163 726 124 1999 166.6 2009 2143 Source Bureau of Laber Statistics, United States Department of Labor 1975 1976 1977 1978 1979 444 49.3 Price Index 82.4 53.8 56.9 60.6 Price Indes Based on the table of CPI, calculate the following: Laura's salary was $100,000 in 2000. In order to maintain the same level of purchasing power in 2010 as she had in 2000, what should be her salary?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

The Wall Street Journal’s website, www.wsj.com, reported the number of cars and light-duty trucks sold through October of 2014 and October of 2015. The top sixteen manufacturers are listed here. The sales information for all manufacturers can be accessed in a data file below. Sales data are often reported in this way to compare current sales to last year’s sales. Year-to-Date Sales Manufacturer Through October 2015 Through October 2014 General Motors Corp. 2,562,840 2,434,707 Ford Motor Company 2,178,587 2,065,612 Toyota Motor Sales USA Inc. 2,071,446 1,975,368 Chrysler 1,814,268 1,687,313 American Honda Motor Co Inc. 1,320,217 1,281,777 Nissan North America Inc. 1,238,535 1,166,389 Hyundai Motor America 638,195 607,539 Kia Motors America Inc. 526,024 489,711 Subaru of America Inc. 480,331 418,497 Volkswagen of America Inc. 294,602 301,187 Mercedes-Benz 301,915 281,728 BMW of North America Inc.…
estion Completion Status: QUESTION 9 The following table shows the DVDS production. Study the table and answer the questions? Labor (L) Total Marginal product of labor (TPL) Average Product of labor (APL) Product (MPL) 0. 0. 1 20 30 3 36 4 40 42 6. 42 Based on the above table 1. How much is the marginal product (MIPL) of the 3rd labor? 2. Which labor has the largest marginal product? 3. What is the value of Average Product of labor (APL) at 5 labors. 4. If the price of DVD is $20, what is the values of Marginal Revenue Product of labor (MRPL) at 2nd labor ? 5. If the price of DVD is $20, and the labor's wage is $80, how many labors will be hired (L*?
Please don't give image format
21
Market Basket 1990 (Base Year) 2010 2011 Product Quantity Price Price Price A B C D 8 12 21 16 If your answer is not a whole number, round to two decimal places. What is the cost of the market basket in 1990? $ $4 $6 $7 $6 $9 $9 $7 $9 $10 $10 $14 $13 A/ What is the cost of the market basket in 2010? $ A What is the cost of the market basket in 2011? $ What is CPI in 1990? A/
5. The average lifetime duration of credit card clients of Work Bank is 5 years. a) What is retention rate of Work Bank for credit card clients? b) What is defection rate of Work Bank for credit card clients? c) If Work Bank had 100,000 credit card customers clients in the beginning of 2015, how many of these clients will be retained by the Bank by the end of 2018? (assume that the retention rate does not change throughout the years 6. The defection rate of the time-deposit clients of White Bank is 10%? a) What is retention rate of White Bank's time deposit clients? b) What is the life time duration of White Bank's time deposit clients? 7. GOLDY, an expensive jewelry shop acquired 5 clients in the beginning of 2010. (Assume that we are now at 2018 year end.) 1st client stopped purchasing from GOLDY at the end of 2012. 2nd client is still purchasing from GOLDY. 3rd client died at the end of 2014 4th client is still purchasing from GOLDY. 5th client is stopped purchasing from GOLDY at…
Compute the missing positive differential value * Reference Value 100 80 41 30 120 Your answer Positive Differential Value 109 63 48 151 Negative Differential Value 30 12 CO 8 6 Total Economic Value 130 101 51 42 143 Differential Value 81222 30 10 23
Ruben earned a $60,000 salary in 2001 and then $80,000 salary in 2006. The consumer price index was 177 in 2001 and 221.25 Rubens 2006 salary in 2001 dollars is
There has been a small increase in the price per pound for the prosciutto, and Mister Dee is concerned that the current menu selling price of $20 for the Pizza Arrabbiata may have to be increased. Therefore, he wants you to update the Recipe Cost Card for Pizza Arrabiata and complete a Plate Cost Card and give him your recommendation for the updated. Menu Item: Pizza Arrabbiata Quantity Sold: 142 Sales Total: 3,500.50
Each term (3 months) the current group of economics students completed a questionnaire as to how much they would spend on new purchases compared to how much they would save/pay off bills, if they suddenly and unexpectedly received a check for $1,000. The average MPC is shown in the table below. Month in which student poll was taken Average of students’ responses as MPC March 0.41 June 0.30 September 0.22 December 0.56 What do these MPC’s imply about the students’ thinking over the course of the year? (Enter response here.) What is likely happening in the economy during the same period of time?
32. The seasonal indices of the sales of garments of a particular type in a certain shop are given below: Quarter Seasonal index Oct.-Dec. Apr.-June 85 July-Sept. 83 Jan.-March 97 135 If the total sales in the first quarter of a year be worth $15,000 and sales are expected to rise by 4% in each quarter, determine how much worth of garments of this type be kept in stock by the shop-owner to meet the demand for each of three quarters of the year.
Suppose the index of prices received by date farmers in Oman for 2008was 1.04 and the base year of index was 1999. Then, OPTIONS: (i) Relative to 1999, farm prices were 104% higher in 2008. (ii) Relative to 2008, farm prices were 4% higher in 1999. (iii) Relative to 2008, farm prices were 104% higher in 1999. (iv) Relative to 1999, farm prices were 4% higher in 2008.