25Which of these statements is true about inflation?O a. It shows changes in the general prices of goods and servicesput ofO b. It is calculated by comparing local prices with imported productsO c. It compares the relative changes of prices of agricultural and technological productsO d. It is always based on the prices of exports26Abeer is a skilled cheesemaker but due to the technology in making cheese, she lost her job. In which type ofunemployment does Abeer belong to?put ofO a. CyclicalO b. NaturalO c. StructuralO d. Frictional27Which of these is not accurate?O a. GDP covers outputs made in the pastout ofO b. GDP reflects medical expenditure but not mortality ratesO c. GDP is not an accurate measurehuman welfareO d. GDP does not measure income inequality

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Which of these statements is true about inflation? O a. It shows changes in the general prices of goods and services O b. It is calculated by comparing local prices with imported products O c. It compares the relative changes of prices of agricultural and technological products O d. It is always based on the prices of exports

Which of these statements is true about inflation? O a. It shows changes in the general prices of goods and services O b. It is calculated by comparing local prices with imported products O c. It compares the relative changes of prices of agricultural and technological products O d. It is always based on the prices of exports

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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An increase in inflation in the United States relative to the rate in France would make: a. U.S. goods relatively less expensive in the United States and in France. b. French goods relatively less expensive in the United States and U.S. goods relatively more expensive in France. c. French goods relatively more expensive in the United States and in France. d. French goods relatively more expensive in the United States and U.S. goods relatively less expensive in France.
How do we calculate the inflation rate and what is its relationship with the CPI? ... The inflation rate is calculated as O A. [(CPI in the base year - CPI last year) + CPI this year] x 100 B. [(CPI this year - CPI last year)+ CPI this year] x 100 C. [(CPI this year - CPI last year) + CPI last year] x 100 O D. [(CPI this year - CPI in the base year) + CPI in the base year]x 100 When the CPI A. rises slowly, the inflation rate is low B. is constant, the inflation rate is negative O C. falls, the inflation rate is positive and low D. rises slowly, the inflation rate is negative The CPI in 2013 was 233.0. The CPI in 2014 was 234.8. The inflation rate in 2014 was percent. >>> Answer to 1 decimal place. >>> If your answer is negative, include a minus sign. If your answer is positive, do not include
Using the table below and 2000 as the base year, choose the statement holding true Year 2000 2022 Grains Movie shows Р 1 5 Q 500 300 Р 1.05 10.50 Q 590 210 2021 Р 1 10 Select one: O a The CPI in 2022 is equal to 183 75% and the CPI in 2021 is equal to 175% The inflation rate in 2022 is equal to 5% Ob The CPI in 2022 is equal to 172.25% and the CPI in 2021 is equal to 161.4%. The inflation rate in 2022 is equal to 6.72% c. The CPI in 2022 is equal to 172.25% and the CPI in 2021 is equal to 162.5% The inflation rate in 2022 is equal to 6% Od. The CPI in 2022 is equal to 161.4% and the CPI in 2021 is equal to 148.57%. The inflation rate in 2022 is equal to 4.13% 600 200
Between January 20JO and Janual'}• 2016, U.S.employment increased by 12.1 million workers, butthe number ol unemployed workers declined by mlly7.3 million. How are these numbers ronsistent witheach other? V.'hy might one expect a reduction in thenumber of people rounted as unemployed lo be smaUerthan the increase in the number of people employed?
In 2000, the federal minimum hourly wage was $5.15. 2000 CPI=172.2 2016 CPI=240.0 (a) Find the inflation rate from 2000 to 2016 as measured by the CPI. (b) Complete the sentence: “If adjusted for inflation, the federal minimum hourly wage would increase from $5.15 to $_________________ in 2016.” Show how you got this. (c) The current federal minimum hourly wage is $7.25. As measured by the CPI, has the minimum wage kept up with inflation? Explain.
making a large number of goods that are the same is?
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on The quality change bias is most likely to put The quality change bias is most likely to put_ into the CPI and so.... into the CPI and so O a. a downward bias; understate O b. a random bias; randomly overstate or understate O c. an upward bias; understate O d. a downward bias; overstate e. an upward bias; overstate Clear my choice the inflation rate.
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Please answer a and b. Year Price Index Costs Benefits 0 100 $10,000 $0 1 104 $0 $6,000 2 108.16 $0 $6,000 The table above lists the costs and benefits that accrue to investment in education. The table lists a price index that reflects the expectation that in each of the two years after the investment has been made, the level of inflation will be 4% while the interest rate in the market will remain constant at 6% per year. a. Use the market interest rate as the discount rate to convert the nominal values of the costs and benefits to present values. b. Does the present value of the benefits exceed the present value of the costs. c. Why would persons want to invest in their human capital while they are young? d. Explain why some persons make new human capital investments when they are older.
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