[Highlighted answer may or may not be the correct answer] Inflation Good or BadYear CPI-Consumer Price Index1975 501983 1002006 200fyou placed $1,000 in a savings account in 1983, which of the following is true based on the CPI in 2006?Your savings account now has $2,000O Your savings account still has 1,000 but the real value has increased to $2,000.O You savings account now only has $500 dollarsO Your savings account still has 1,000 but the real value has decreased to $500

Given: CPI in 1983 = 100 CPI in 2006 = 200

Answered: Year CPI-Consumer Price Index 1975 50…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Sample Population Person Status Allen Unpaid stay-at-home dad. Has not looked for a job in several years Ben College president Allison Part-time welder. Actively looking for full-time work Brittany Self-employed full-time wedding singer Cathy Full-time physician's assistant Calvin Retired finance professor. Last applied for work 10 weeks ago Diane Laid-off fork-lift operator expecting to be recalled David Works for a bicycle store. Age 70 Evelyn Manager of health food store Eli Museum guard. Was not at work last week due to illness Has never been employed. Looked for a job last week Fired from job as an investment banker. Last looked for work three weeks ago Flora Frank Refer to Table 28-1. How many in the sample are in the labor force? a.8 Ob. 11 Oc.9 10 d. 10
Net interest is the interest paid out by US households and the government minus the interest income they received. True False
You are running a small business. At the beginning of the month you have $1000. At the end of the first week you have revenues of $2200 and expenses of $1000 for that week. In the second week your revenues are $2000 and your expenses are $700. In the third week your revenues are $2100 and your expenses are $1100. In the fourth week, your revenues are $2200 and your expenses are $3000 (they are higher as you need to pay the rent). You have a checking account earning 1% annually compounded weekly. a) How much money do you have at the end of the four weeks? b) What is the minimum balance of the account over those four weeks? Does it ever drop below $1000?
Unemployment Question The small country of Macroland has a population of 100,000 people over the age of 18 and under 65. There are 50,000 people under the age of 18, and 20,000 people over the age of 65. The number of people between ages of 18 and 65 that are looking for jobs is 20,000, and the number that have jobs is 50,000. Using this information, answer the following questions. Show your work. These are numbers for the month of January. а. What is the labor force of Macroland for people between the ages of 18 and 65 in January? b. What is the unemployment rate of Macroland for people between the ages of 18 and 65 in January? What is the labor force participation rate of Macroland for people between the ages of 18 and 65 in January? с. Now assume there were some changes in February. Of the people between the ages of 18 and 65 in Macroland, about 2000 who were looking for work now dropped out of the labor market, and stop looking for work. In addition, 8000 people who were previously…
The fractions make no sense
QUESTION 22 A deck of 52 playing cards consists of 4 suites: clubs, spades, hearts, and diamonds. Each suite consists of 13 cards. Draw one from a deck of cards. Let A=a card "2" is drawn, B=a "diamond" card is drawn. What is the value of P(B)? 1/52 4/52 13/52 16/52
380 460 Sometimes it is more useful to express this as a decimal. In this case, just divide the numerator by the denominator and round to an appropriate number of decimal places (here, three): 380 = 0.826 460 To express this as a percentage, just take the decimal result times 100. We will round to one decimal places here: 380 460 0.826 x 100 = 82.6% Suppose that the annual federal deficit is $350 billion. Gross Domestic Product 'GDP', a measure of the size of the economy is $14.5 trillion ($14,500 billion). Calculate the ratio between the deficit and GDP as a percentage rounded to one decimal place: Deficit-GDP ratio: < Prev 2 of 5 # Score.answer
Lachlan is 46 years of age and is a single parent. He has one dependent child – a daughter named Rory who is 22 years of age. She is a full time student whose only income for the year was Youth Allowance totalling $7,882.Lachlan received the following income –$52,300 Wages$1,980 Tattslotto win$1,300 Disability support pension$5,900 Jobseeker payment$960 Bank interestLachlan also had the following amounts listed on his income statement –Reportable fringe benefits amount $29,999Reportable employer super contributions $10,000He had work related deductions totalling $1,240, a HELP debt of $5,893 and neither he nor Rory have private health insurance.Will Lachlan be required to pay back any of his HELP debt? If so, how much will he be required to pay (show full workings) and why.
8
(WD1) One critical factor for assessing a new venture is the "availability of customers during phases (prestart-up & start-up)". The concept of "Risk Continuum" can be applied to this critical factor. Which explanation below BEST describes "Risk Continuum"? * It shows the range of risks that is present in a new venture. It shows the importance of grouping risks in a new venture. It shows the specific risks in a new venture that can be assessed. It shows the various types of risks that can be found in all new ventures.
In a given community, the unemployment rate is 3.1% and their working-age population is 1.2 Million. Labor force participation was 92% in this community in December of 2009. In January 2010, this community takes in 80,000 refugees, 65,000 of which are working-age adults. All working-age refugees will be looking for a job in January and if they cannot find one will continue to look until they do. If 70% of the refugees start a new job in January, what will be the Unemployment rate in this community in February 1st? ( Please round your answer to include 2 decimal places, do not include the percent sign in the answer. That is, If you find 8.33333% is the new unemployment rate, input your answer as 8.33)
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