Interest Rates: Describe how your changes in interest rates impacted inflation and other key macroeconomic indicators used in the simulation. Refer to the “Inflation Rate” graph from your simulation results. Runs SummaryAll results shown are for the last year played.ý Copy to clipboardUnempl.Rate IfYearsReal GDPInflationBudgetApprovalAvg. ApprovalDate I1Played I1Scenario 1GrowthRate I1Surplus/Deficit IfRating ItRating It9/19/20217 Rollercoaster5.74.52.3-2.61006914:52PDT9/19/20217 Rollercoaster-9.412.2-4.627.64414:49PDTBegin New Game25

Runs Summary All results shown are for the last year played. ý Copy to clipboard Years Approval Rating I1 Avg. Approval Rating It Real GDP Unempl. Rate 11 Inflation Budget Surplus/Deficit It Date t Played 1 Scenario t Growth 11 Rate 1 9/19/2021 7 Rollercoaster 5.7 4.5 2.3 -2.6 100 69 14:52 PDT 9/19/2021 7 Rollercoaster -9.4 12.2 -4.6 27.6 25 44 14:49 PDT

Runs Summary All results shown are for the last year played. ý Copy to clipboard Years Approval Rating I1 Avg. Approval Rating It Real GDP Unempl. Rate 11 Inflation Budget Surplus/Deficit It Date t Played 1 Scenario t Growth 11 Rate 1 9/19/2021 7 Rollercoaster 5.7 4.5 2.3 -2.6 100 69 14:52 PDT 9/19/2021 7 Rollercoaster -9.4 12.2 -4.6 27.6 25 44 14:49 PDT

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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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.…
The following equation
regression, econometrics
Real-Time Data Analysis Exercise The following table contains data from FRED" on the consumer price index and the nominal average hourly wage for production and nonsupervisory employees in the private sector for May of 2012 and 2022 Average Hourly Nominal Wage Month/Yr May/2012 May/2022 Month/Yr May/2012 May/2022 *Real-time data provided by Federal Reserve Economic Data (FRED), Federal Reserve Bank of Saint Louis When the nominal wage increases, workers know that their buying power (over goods and services) is unambiguously higher. This claim is false Using the data recorded in the preceding table, complete the following table by computing the value of the real average hourly wage (for private production and nonsupervisory employees). $19.68 $27.33 Consumer Price Index 229.8 292.3 Average Hourly Real Wage $8.56 $9.35 Over the ten-year interval under examination, the average hourly nominal wage changed by 38.9% and the real average hourly wage changed by%. (Enter your sponse rounded to…
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
Make an inflation rate forecasts graph based on the description. I need help please. Based on our analysis of the last ten years of inflation data, we project that inflation rates in the Philippines under the Marcos administration will remain relatively stable over the next five years. From 2011 to 2020, inflation rates in the country ranged from 1.2% to 6.7%, with an average of 3.4%. For the next five years, we expect inflation rates to remain within the range of 2.5% to 4.5%, with an average of 3.5%.
The unemployment rate in a certain country was dropping at a constant rate of 0.2% (= 0.002, in decimals) between 2009 and 2019. In 2012, the unemployment rate was 3.5%.Let t be the number of years since 2009 and let U(t) be the unemployment rate at year t.(a) Find a formula for the function U. (Hint: use decimals in place of percentages.)U(t) =(b) Assuming the model is valid for a couple of more years after 2019, calculate the expected unemployment rate in year 2021. Enter your answer as a percentage.
5. (26 points) The following two equations were estimated using a sample of births for the year 2010. The variable bwght is birth weight, in ounces, faminc is annual family income, in thousands of dollars, cigs is number of cigarettes the mother smoked per day while pregnant, motheduc is mother's education (in years), and fatheduc is father's education (in years): log (bŵght) = 4.73+ 0.146 log( faminc) - (0.03) (0.076) n=1,191 R² = 0.264 0.031 cigs (0.016) (5.1) log (bŵght) = 4.73+ 0.136 log( faminc) - (0.03) (0.076) - 0.051 cigs (0.010) 0.040 motheduc+ 0.041 fatheduc (0.030) n=1,191 R² = 0.286 (0.026) (5.2) (a) In terms of the model parameters, (i) state the null hypothesis that, after controlling for faminc, motheduc, and fatheduc, cigs has no effect on birth weight against the alternative that cigs has a negative effect; and (ii) carry out the test at the 10% significance level (4 points). (b) Controlling for cigs, is faminc individually significant at the 1% level against a two-…
In your company (electrical goods manufacturing), you want to forecast demand as well of a particular range of Smart TVs. Its monthly sales previous year, are presented in the table below: Month Sales January 400 February 650 March 1,150 April 1,700 May 500 June 900 July 1,150 August 1900 September 600 October 650 November 1,600 December 2050 Based on the above historical sales data: A) Create the corresponding graph and comment on the demand (sales) in terms of in trend, seasonality and periodicity please draw the diagram!!!!
The year 2015 Base Year Price Index = (120) Base Year Output = (4 million) The year 2016 Current Year Price Index = (140) Current Year Output = (5 million) iii. Calculate MPC for the following data: Y1=2500C1=1500 Y2=5000 C2=2500
Question 6 If a market basket was defined in 2014 and it cost $10,000 to purchase the items in that basket in 2014, while it cost $11,000 to purchase those identical goods in 2015, then the price index for 2015 is a (10000/11000)*100=90.9. b) 100. c) (11000/10000)*100=110. d) unknown given this data.
The table below is extracted from Happyland Republic, Bureau of Statistics records for 2019-2020. Use the information in this table to answer the questions that follow. Items Base year 2019 2020 Production Price Production Price Used cloth (units) 4,000 50.00 5,000 60.00 Components used tractor factory production (units) 8,000 500.00 11,000 1,200.00 Cloth (units) 8,000 25.00 12,000 30.00 Beef gifts during cultural festival (Kg) 1,500 2.00 1,700 3.00 Milk (litres) 5,000 1.30 7,000 2.50 Computers (Units) 2,000 500.00 2,500 600.00 Printers (Units) 500 300.00 400 355.00 Raw materials for car assembling plant (Units) 4,500 250.00 4,450 300.00 Calculate Happyland Republic’s nominal GDP, real GDP in 2020. Also, calculate the GDP deflator if 2019 is used as the base year. ANSWER: Double counting must be avoided when measuring GDP. State and examine four…