How is the cpi used

Assignment Help Macroeconomics
Reference no: EM13329191

From the Bureau of Labor Statistics Web page (www.bls,gov/cpi) , find the answers to the following questions:

a. How is the CPI used?

b. How is the CPI market basket determined?

c. What goods and services does the CPI cover?

d. How are CPI prices collected and reviewed?

Reference no: EM13329191

Questions Cloud

One country has a export of $872 million vs another country'' : One country has a export of $872 million vs another country's exports $1.827 billion what is the percentage difference between the two?
If the desired reserve ratio goes down and banks take money : If the desired reserve ratio goes down and banks take money out of reserve and put it into loans, doesn't that mean that the money multiplier comes into effect, affecting the money supply and also the total deposits?
What is eva self-employment tax liability for the year : Eva received $60,000 in compensation payments from JAZZ Corp. during 2013. Eva incurred $5,000 in business expenses relating to her work for JAZZ Corp. JAZZ did not reimburse Eva for any of these expenses.
What will be the level of output and price in the long run : What will be the level of output and price in the long run if this industry were perfectly competitive?
How is the cpi used : From the Bureau of Labor Statistics Web page (www.bls,gov/cpi) , find the answers to the following questions:How is the CPI used?
How many units of labor will the firm hire : The production function is given by F(L) = 6L^(2/3). Suppose that the cost per unit of labor is $8 and the price of output is 4, how many units of labor will the firm hire?
What is sheryls tax liability for year in each circumstances : In 2013, Sheryl is claimed as a dependent on her parents' tax return. Her parents' ordinary income marginal tax rate is 35 percent. Sheryl did not provide more than half her own support.
Marginal revenue and marginal cost curves occurs where : What is the monopolists profit under the following conditions? the profit maximizing price charged for goods produced is $16. the intersection of the marginal revenue and marginal cost curves occurs where output
How fast will the dart exit the gun : If it takes an average force of 8.79 N to push a 4.35-g dart 4.65 cm into a dart gun, assuming the barrel is frictionless, how fast will the dart exit the gun

Reviews

Write a Review

Macroeconomics Questions & Answers

  Graphical description of dead weight loss of monopolist

Illustrate in the graph below the deadweight loss (DWL) that would result if this monopolist were allowed to operate as a profit maximizing firm without regulation.

  Cause of yield curve

Explain how each of the following would cause the yield curve to shift if between now and next year:

  Differentiate between goods and expensive goods

As an economy increase and productivity grow, real wages tend to rise - people get richer on aggregate. Real wage growth implies that people are able to buy more of the services that are in basket of goods.

  What is the excel formula for macrs depreciation

What is the excel formula for Modified Accelerated Cost Recovery system (MACRS) depreciation? Initial cost 12,000 Salvage price 600

  Find prices of two firms choose if they move simultaneosly

Consider two firms competing in prices and selling a homogeneous product. The market demand curve is p = 100 - q and the constant marginal costs of the two firms are 10 and 20 respectively. Also, suppose all prices should be integer numbers.

  Explain how will different cultural perspectives

Explain how will different cultural perspectives of a region impact your global business operations.

  Do you support the proposed tax hike

How does this proposed tax hike affect the social cost of gasoline consumption in the short-run In the long-run d. Do you support this proposed tax hike If yes defend your position If not provide an alternative policy (Answer as an economists, n..

  Can the same argument be made for passbook savings accounts

What are the reasons for not including demand deposits as rate-sensitive liabilities in the repricing analysis for a commercial bank? What is the subtle but potentially strong reason for including demand deposits in the total of rate sensitive liabil..

  Elucidate what are outputs at each plant to maximize profit

A monopolist with two plants operates with a marginal revenue of 500-4Q and marginal costs of 4Q for plant 1 and 2Q for plant 2. Elucidate what are outputs at each plant to maximize profits.

  Effects of the strategies on both gdp and unemployment

One government strategy to provide for economic stability and encourage economic growth is to provide tax reductions or tax incentives for individuals and businesses. An alternative approach is to increase government spending to accomplish these g..

  Discuss how bidding c is a weakly dominant strategy

All of the firms will submit sealed bids. The procurement officer will look at all of the bids and select the lowest bid but pay to the lowest bidder a price equal to the price bid by the second lowest bidder. Show that bidding c is a weakly domin..

  The cost of digital cameras calls

The cost of digital cameras calls. What happens to the demand for memory card. What happens to the demand for digital cameras.

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!

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