User Account

All Pages

Explore how a business manager might use cpi statistics

Assignment Help Business Economics
Reference no: EM131644462

Assignment

Purpose of Assignment

This assignment will introduce students to the U.S. Department of Labor's Bureau of Labor Statistics (BLS) data and provide students with the skills to calculate inflation and interpret the Consumer Price Index (CPI). Students learn to compare and contrast GDP and Inflation data across different countries. Note: The BLS is the primary source of information on inflation, but their data is re-posted in other sources, such as the St. Louis Federal Reserve FRED site, among others.

Develop a minimum 11-15-slide Microsoft PowerPoint presentation analyzing inflation and market structure by including the following. You will NOT present in class:

•Choose a product or service you currently consume/use, such as apparel or educational services, that is included in the CPI's "market basket." Find the annual CPI index numbers for your chosen good or service for the years 1995, 2005, 2010, and 2015. Enter those index numbers in an Excel file and calculate the percent change (inflation rates) in those index numbers from 1995 to 2005, from 1995 to 2010, and from 1995 to 2015. What is the trend in overall inflation for this product/service?

•Now look up the overall inflation rate (you can use tradingeconomics.com). Analyze the trends in overall inflation over the last five years.

•Has your income kept up with the pace of inflation? How has inflation over the last five years affected you and/or your family? You don't need to state your income. You just need to discuss if it has grown more or less relative to inflation over the past 5 years.

•Now look up the overall inflation rate for another country. Analyze the trends in overall inflation over the last five years.

•Compare and contrast the US and the other country's inflation rates and their trends.

•Discuss how a business manager (such as a general manager, production manager, or human resources manager) might use CPI statistics for pricing decisions, production costs decisions, salary decisions, etc.

•Now look up the GDP for the past 5 years for another country. Analyze the trends in overall GDP over the last 5 years.

•Compare and contrast the US's GDP for the past 5 years from previous assignments with this country's GDP for the past 5 years.

•Discuss how a business manager (such as a general manager, production manager, or human resources manager) might use GDP statistics to determine the overall health of the economy and the impact on sales/demand for its produt. Cite a minimum of three scholarly, peer-reviewed references. The textbook is a required reference and must be cited where used.

Format your presentation consistent with APA guidelines.

Reference no: EM131644462

Questions Cloud

Process mapping of a quality improvement initiative : Students are required to research an existing health care organization of their choice. In your research you should identify a quality improvement.
Implement a 3-tier enterprise application : In this assignment, you are to implement a 3-tier enterprise application based on the following scenario
Discuss the method of public health : Describe the chain of command and the method of public health response that was conducted in this situation
Discuss techniques rn would use for the physical assessment : Compare and contrast the approach the RN would use to conduct the health history and physical assessment
Explore how a business manager might use cpi statistics : Explore how a business manager might use CPI statistics for pricing decisions, production costs decisions, salary decisions, etc.
Discuss postoperative healthcare-associated infections : Frequency of Hand Decontamination of Introoperative Providers and reduction of postoperative Healthcare-Associated Infections
Analyze the supplier problem with a simulation model : However, he also realizes that any sweatshirts produced but not sold (even at the sale price) must be thrown away, resulting in a $10 loss per sweatshirt.
Feminism and postmodernism : What do think about the key challenges that feminism and postmodernism posed for anthropology and the ways in which the discipline responded.
Calculate the correlation between the two input variables : Use Excel's CORREL function to calculate the correlation between the two input variables. It should be close to 0.7.

Reviews

Write a Review

Business Economics Questions & Answers

  Consumer response as overall prices change in the market

Each of the following statements is related to the AD-AS model. Using the labels below, decide whether each statement refers to the aggregate demand curve, the short-run aggregate supply curve, or both. Represents a change in consumer response as ove..

  Capital gains and ordinary incomes are taxed

Golshan company purchased a robot costing $320,000 in year 0. The robot is classified as a seven-year MACRS recovery property. If the robot is to be sold after five years, compute the amounts of gain or losses for the following three salvage value, a..

  What ethical dilemma might this currency fluctuation present

You are on a business trip from Portugal to the United States for 90 days, and you have a per diem expense account of euro 400 per day, no receipts required. This per diem is advanced to you before the trip (euro 36,000). What ethical dilemma might t..

  How it may be possible for increases in the minimum wage

How it may be possible for increases in the minimum wage to have little impact on employment levels. Please explain using the following concepts: long-run versus short-run; b

  Alternative strategy based on the paper

As per our conversation, please provide an evaluative plan, and an alternative strategy based on the paper you uploaded on the original question.

  Give an example of the law of demand, the law of supply

Give an example of the Law of Demand, the Law of Supply. In the rental market [choose one class to where you live or where you work] tell us 'the equilibrium rental for a 2 bathroom, 2 bedroom apartment in a safe neighborhood close to great transport..

  Markets for the factors of production

What about organization? What is the role of entrepreneurship in production? What are the key reasons for income inequality in USA?

  Show the budget line for the potential recipient

If the potential recipient decides to work, she will receive a wage of $8 per hour. Show the budget line for the potential recipient using the above information.

  Demographic methods for understanding the social world

Demographers use population-level data and tools such as rates and life tables to describe, explain, and interpret population trends. Write an essay assessing the strengths and limitations of demographic methods for understanding the social world.

  As result of the change in the value of the dollar

In January 2001, $1 was equal to 1.06 euro. By January 2012, $1 was worth 0.76 euro. As a result of the change in the value of the dollar:

  The cost of pollution in billions of dollars originating in

the cost of pollution in billions of dollars originating in the paper industry iscp 2p p2where p is the quantity of

  Violation of the company prohibition on child labor

A visiting American executive finds that a foreign subsidiary in a poor nation has hired a 12-year-old girl to work on a factory floor, in violation of the company’s prohibition on child labor. He tells the local manager to replace the child and tell..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd