1)What is the GDP to debt ratio in USA and how has it changed in the last half century? How has CPI changed recently and who/how does that impact the population?

Q: In 2017-18, the Pakistan Bureau of Statistics announced that of all adult Pakistanis, 59,786,200…

A: The unemployment rate is defined as the percentage of the labor force that is not employed. The…

Q: What is the difference between being unemployed and being out of the labor force? How do you…

A: Unemployed people are those who do not have a job, have actively sought for employment in the…

Q: dentify the term that describes the category of people, who are retired and not ready to work in an…

A: Labor force = Employed + Unemployed Retired and people not ready to work are not part of labor force…

Q: 3. Classify each of the following individuals in one of the following categories: employed,…

A: An employed person refers to those who, during the reference period, had a labor force status of…

Q: Mr. Smith was disabled in a car accident in 1995 and has not been able to work since. Is Mr. Smith…

A: Unemployment refers to the situation where the person is willing to and able to work but unable to…

Q: In 1995, when the consumer price index was 152.38, women earned a median income of $12,130 per year.…

A: Given -  Consumer Price Index in 2015 = 236.99, Consumer Price Index in 1995 = 152.38, Median Income…

Q: income can be determined by: dividing the annual rate of inflation into the number "70." dividing…

A: Real income is a monetary measure that gives an assessment of a person's real buying power in the…

Q: Suppose that the residents of Greenland play golf incessantly. In fact, golf is the only thing they…

A: Inflation refers to a persistent rise in the average price level of all goods and services in the…

Q: The CPI (using a 2000 base year) for 1965 is 26.0. Suppose a household's annual take-home pay in…

A: Given that,   CPI for 1965 = 26.0 Annual take home pay = $8,320 Assume that, in base year CPI is…

Q: a.  The CPI (times 100) is 100 at the time that Frank makes the loan. It is expected to be 109 in…

A: The CPI in the base year is 100. In a span of one year, the CPI becomes 109 which is a 9% increase…

Q: If A senior public is servant writing a bill to index Social Security and pensions so that the bill…

A: The consumer price index is an economic instrument used to measure the changes in the price level of…

Q: While rooting through the attic, you discover a box of old tax forms. You find that your grandmother…

A: A consumer price index measures changes in the price level of a weighted average market basket of…

Q: What Economic Theory explains the relationship between CPI or Inflation Rate and GDP?? Provide…

A: Inflation is an economic concept that is defined as a rise in the general price level of goods and…

Q: Fiscal Policy- Ask FRED The accompanying graph depicts the unemployment insurance benefits paid by…

A: Fiscal policy:From the given graph, the year spend more GDP on unemployment insurance is

Q: In the first Super Bowl in early 1967, the winners earned prize money of $15,000. In January of…

A: Given  CPI in 1967 =32.9 CPI  in 2018 =247.87

Q: Suppose that a typical market based in Japan consists of 200 Apples and 290 Textbooks. The table…

A: Hi, thanks for the question. Since there are multiple subparts in the question, we will answer first…

Q: discuss what the Consumer Price Index “CPI” is and why it has impacts on your life and your…

A: The Consumer Price Index (CPI) is referred to as a measure that examines the weighted average of…

Q: earnings were $15.35. By 2019, the had risen to $19.33. In the same period the CPI rose from 185.5…

A: Given, Year Average hourly wage CPI 2015 $15.35 185.5 2019 $19.33 245.9

Q: In​ Brazil, the reference base period for the CPI is 2000.   By​ 2005, prices had risen by 51…

A: The given information:Base period is 2000In 2005 price  increases by 51%Brazil inflation rate in…

Q: Suppose you earned $100,000 in a given year. Calculate your real income, assuming the CPI is 200 for…

A: The real income is the income that is adjusted with the inflation rate in the economy. the general…

Q: Which of the following statements is correct? a. The CPI can be used to compare dollar figures…

A: The CPI is an effective tool and is used in the procedure of how it could help compare it with the…

Q: Between 1927 and 1977, the average wage in Mistania increased from $13:50 to $24.50. During that…

A: Real wage can be defined as the income received by an individual after adjusting for inflation.…

Q: A country’s nominal GDP rose from 600B to 770B while its real GDP rose from 500B to 550B.…

A: Using the following formulae: GDP deflator = 100*  Nominal GDP / Real GDP  inflation rate = 100 *…

Q: A person who works part time for economic reasons is reported as employed and…

A: On the off chance that you lose your low maintenance employment, or move from a regular task to low…

Q: . Individuals with less than a high school diploma a. Have lower unemployment rates and higher…

A: Unemployment refers to the situation in which people are willing and able to do a job but they…

Q: Based on surveys conducted by the BLS, the CPI basket assigns a weight of approximately 15% to…

A: 1)CPI would increase by 10%.

Q: An economy has the following real GDP and nominal GDP price index between 1989 and 1990: year…

A: GDP or Gross Domestic Product is the monetary value of all final products or goods and services,…

Q: The following prices and quantities produced were recorded in computer land during the years shown…

A: GDP deflector=nominal GDPreal GDP×100

Q: 1. The CPI is more commonly used as a gauge of inflation than the GDP deflator is because the a. CPI…

A: "Since you have asked multiple question ,we will solve first question for you.If you want specific…

Q: What does it mean when the CPI is higher this year than last? Select one: a. The rate of inflation…

A: CPI or consumer price index is given by the formula: CPI= ( Cost of the market basket in current…

Q: Suppose the number of employed people in an economy is 121,166,640. The unemployment rate in this…

A: Employment rate = employed people / labor force  unemployment rate = unemployed / labor force labor…

Q: (i)Given that 2019 is the base year, calculate the CPI for 2020 and determine the inflation rate…

A: The inflation rate is the rate of increase or the rate of increase in the normal price of selected…

Q: dozen eggs cost $1.03 in December 1980 and $1.60 in December 2018. The average wage for workers in…

A: Percentage change ={(final value - initial value) /initial value}×100%

Q: Measuring Inflation 7. Based on surveys conducted by the BLS, the CPI basket assigns a weight of…

A: Inflation is a persistent rise in the general price level of goods and services in the economy. The…