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Assignment
Read the article: "The Consumer Price Index - Why the Published Averages Don't Always Match an Individual's Inflation Experience."
Now determine your own personal rate of inflation - that is, the average rate of increase in prices of the goods and services that you yourself purchase. Is your personal inflation rate higher, lower, or about the same as the official rate of inflation measured by the CPI?
Hint: Divide your typical expenditures into the various classes listed in the article. Then look up the current rates of inflation for each of the expenditure classes. Find current rates of inflation.
Under "Current CPI Economic News Releases", select (HTML).
Then select Table 1.
The inflation rate is the unadjusted percentage change from one year ago.
Explain the importance of the ceteris paribus or "other-things-equal" assumption - example of a positive economic statement and one example of a normative economic statement.
In the last month, the price of gasoline increased by 20 percent. Your job is to determine what caused the increase in price: a change in demand or a change in supply. Ms. Info has all the numbers associated with the gasoline market.
The local supermarket offers melons for $1 a pound, but the farmer who grows it receives only 20 cents. The remainder goes for the costs of transport.
Let's start in the short-run with this market. Suppose the short-run price in this market is $100. What is the market quantity in this market given this short-run price? What is the representative firm's level of production given this short-run price
Stan Moneymaker has been informed of a major automobile manufacturer's plan to conserve on gasoline consumption through improved engine design.
Analyze the following situation and describe (a) the argument the plaintiff would most likely pursue, (b) the argument the defendant would most likely pursue, (c) the rationale a judge might use to decide the case, and (d) what could have been don..
If a discriminatory wage differential persists in a competitive market, is it due to discrimination on the part of the employer or must.
The price for a basic cheese pizza at Giorgio's is $5. Each additional topping is $1. Sketch a graph to illustrate the relationship between the price of a pizza and the number of toppings for up to 5 toppings.
As a result of Barry's recommendation, Texas Crude purchased the tool for $30,000 on January 1, 2005. By January 1, 2006, the tool had saved a total of $5,000 and went on line full time. After going on line full time, the tool saved Texas Crude $9..
nbspthese essays should be a minimum of five paragraphs in length each. they should contain a clear thesis statement in
Willie Stand obtains a patent on his new invention, the bipod. After twenty years, a. Willie will continue to earn a positive economic profit, because entry will not affect the price of bipods
Current Event That talks about Market For Factors Of Production. In the first paragraph, indicate the title of the article, author of the article, source of the article, and what the article is talking about.
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