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Assignment:
Think about your current situation and what happens when prices increase generally. There are several methods that can be used to measure changes in prices, but one of the most commonly used methods is the CPI. Describe how the CPI is derived and what purpose it serves. What is the difference between the CPI and the GDP Deflator? Define demand pull inflation and cost push inflation. The salary of the president of the United States in 2000 was $400,000. In 1940, the president's salary was $75,000. If the Consumer Price Index was 8.1 in 1940 and 100 in 2000, what would the 1940 presidential salary measured in terms of the purchasing power of the dollar in 2000 be? Show how you arrived at the answer.
Can you identify three (3) Microsoft Excel 2013 functions that you believe to be the most useful within the application? Next, describe one (1) way in which you would consider utilizing each of the functions you have identified for a business or p..
Calculate the firm's long run total, average and marginal cost curves q= min (0.5 k, 0.25L) where r=20 and w=10.
Which of these would increase a chance of success from a bargaining position and why?
Discuss the effects of the strong increase in Australian exports, leading to a strong increase in GDP on the equilibrium wage and employment level of an economy
A monopolist sells a product at price P and has no cost of production. The demand equation is Q = 2a - P, where Q is quantity and a is a demand shifter.
Starting salaries of economics majors have a mean of $47,000/year with a standard deviation of $8,000. What is the probability that a random sample of 100 majors will have an average salary of more than $50,000 year?
If your parents face a 25% tax rate, what was their real after-tax gain? (Hint: What's the real value of the land in current prices?)
Describe the current monetary and fiscal policies in the United States. Consider including how these policies affect your company and its products and services.
question 1 consider an economy with the production functionyak25n35.a. suppose the economy is growing at an average
After two years the City of Plentiful is faced with a fiscal crisis and decides that it wants its garbage back.
Brief description of country and a major city. How do you see the ecosystems in this country affecting future growth potential and what are the key challenges?
Jim is considering quitting his job and using his savings to start a small business. He expects that his cost will consist of a lease on the building, inventory,wages for two workers, electricity ,and insurance.
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