Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
CPI, rate of inflation, GDP deflator
Suppose that in 1992 the price and quantity of energy were 1.00 and 50, respectively, and that in 1993 they were 1.04 and 60, respectively. In 1992 the price and quantity of all other consumer goods and services were 1.10 and 40, respectively, and in 1993 they were 1.20 and 30 respectively.
a. Using 1992 as a base year and the 1992 bundle as the typical bundle, what is the CPI in 1993?
b. What is the rate of inflation between 1992 and 1993?
c. Now suppose that these outputs comprise all of GDP.Keeping 1992 as the base year, what is the GDP deflator for 1993?
Elucidate your answer also describe terms relevant to elasticity used in your explanation.
Describe the US household is harmful to the economy with the use of AS-AD diagrams.
Engineers at national research laboratory built a prototype automobile which could be driven 180 miles on single gallon of unleaded gasoline. They estimated that in the mass production the care would cost 40k for each unit to build.
For the product shown, assume that the minimum point of each firm's average variable cost curve is at $2. Construct a demand and supply diagram for the product and indicate the equilibrium price and quantity.
Utilize the information to predict the yearly number of VCR's sold under the following conditions.
The demand function for gadgets is providede by the following formula. Illustrtae what is the point price elasticity of demand.
Elucidate three arious ways in which the Federal Reserve would change the money supply.
Problem - Income Elasticity of Demand, Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5
Discuss actions the government could take to induce firms in this industry to produce the socially efficient level of output.
Additionally, several other configurations were also estimated. The results are shown on the following pages. Based on this data, answer the following questions. Comment on the significance of time trend and seasonality.
Prepare a table/graph for inflation in "your country" (use North Korea for the country; if no data is available, use India) for about the latest ten year period for which you have data.
Compute the cross-price elasticity of demand between goods X and Y at the given prices.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd