Determine whether real spending levels have increased

Reference no: EM13244605

A senator gives a speech where he attacks payments to seniorcitizens. He claims that payments increased by 50% per person from1980 to 1990. Another senator gives a speech about health-carespending. She claims that per-capita health expenditures have risenby 25% from 1985 to 1990. Assume that both senators are talkingabout nominal amounts, use the following GDP price deflator figures(1980--71.7, 1985--94.4, 1990--113.2) to determine whether realspending levels have increased. Do you think that the senatorswould choose to report the real or nominal figures?

Reference no: EM13244605

Questions Cloud

What gap inflationary or recessionary the economy facing : An economy is in long-run macroeconomic equilibrium when each of the following aggregate demand shocks occurs. What kind of gap-inflationary or recessionary-will the economy face after the shock,

Display throughout her spacious corporate campus : Assume you have been employed by a wealthy computer software developer, Jill Gatesby, to help her choose major artworks by American artists for display throughout her spacious corporate campus

Explain what will be the concentration of c4h6 : Butadiene, C4H6 (used to make synthetic rubber and latex paints) changes into C8H12 with a rate law of rate = 0.014 L/(mol·s) [C4H6]2. What will be the concentration of C4H6 after 2.0 hours if the initial concentration is 0.025 M

Explain what will happen it the temperature is increased : For each of the following combinations of (delta H) ?H° and (delta S ) ?S° for the reaction at 25 ° C, describe whether or not the reaction will be spontaneous at 25 ° C and what will happen it the temperature is increased. Explain your descriptio..

Determine whether real spending levels have increased : A senator gives a speech where he attacks payments to seniorcitizens. He claims that payments increased by 50% per person from1980 to 1990. Another senator gives a speech about health-carespending.

Find the approximate values of k and l : A set of coupled pendula has m = 0:2kg for both masses, but k and l are unknown. At t = 0, the left hand mass is held at xL = 2:5cm and the right hand mass is held at xR = 0, Find the approximate values of k and l

Does your community have art in public spaces : Does your community have art in public spaces? If not, do an Internet search to find a community or city with art in public spaces. Express your thoughts on why you believe public art is or is not important in a community

Describe the enthalpy for the reaction : Tungsten is usually produced by the reduction of WO3 with hydrojen as shown by the equation; WO3(s) + 3 H2(g) ? W (s) + 3 H2O (g) The enthalpy for the reaction,(delta H rxn ) ?H°rxn is + 114.5 kj. The entropy for the reaction (Delta S rxn) ?S°rxn i..

Which economy will be more affected by inflation : Economy A has an inflation rate of 6% in 1990. This rate has stayedthe same during the previous five years. Economy B has an inflationrate of 4% in 1990. During the previous five years, inflation hasbeen as high as 10%

User Account

All Pages