User Account

All Pages

Comment on the inflation picture for these years

Assignment Help Macroeconomics
Reference no: EM13319134

Suppose a consumer buys 10 units of good X and 20 units of good Y every year. The following table lists the prices of goods X and Y in the years 2005-2007. Assume that these two goods constitute the typical market basket. Calculate the price indices for these years with 2005 as the base year. Comment on the inflation picture for these years. Year Good X Good Y 2005 $3 $6 2006 4 7 2007 4.5 7.5

Reference no: EM13319134

Questions Cloud

Explain the activation energy for the reaction is very large : The result described is impossible, given the fact that delta G is -60 kJ/mol. d. The activation energy for the reaction is very large; equilibrium has not been reached by 24 hours. e. An enzyme has shifted the equilibrium toward A.
Calculate the mass of the block : A block of unknown mass is attached to a spring of spring constant 7.9 N/m and undergoes simple harmonic motion with an amplitude of 13.2 cm. Calculate the mass of the block
Determine the optimal rate of labor input : The Marginal product of labor in production process is statistically estimated as MPL=10(K/L)^0.5 Currently the process is using 100 units of K and 121 units of L
Find the amplitude of the motion : A 0.377 kg mass is attached to a spring and undergoes simple harmonic motion with a period of 0.57 s. The total energy of the system is 3 J
Comment on the inflation picture for these years : Suppose a consumer buys 10 units of good X and 20 units of good Y every year. The following table lists the prices of goods X and Y in the years 2005-2007. Assume that these two goods constitute the typical market basket. Calculate the price indices ..
Assume that a monopolist sells a product with a total cost : Assume that a monopolist sells a product with a total cost function TC=1200 + 0.5Q2 and a corresponding marginal cost function MC = Q. The market demand curve is given by the equation P = 300-Q. a. Find the profit- maximizing output and price for thi..
Obtain the velocity of the mass : A 45.3 g mass is attached to a horizontal spring with a spring constant of 14 N/m and released from rest with an amplitude of 37.2 cm. What is the velocity of the mass
Estimate the spring constant of the spring : When a mass of 25 g is attached to a certain spring, it makes 19 complete vibrations in 4.5 s. What is the spring constant of the spring
What does the civilian noninstitutional population equal : Suppose there are 60 million people employed, 10 million unemployed, and 30 million not in the labor force. what does the civilian noninstitutional population equal?

Reviews

Write a Review

Macroeconomics Questions & Answers

  Analyzing impact of fiscal policies on economy

Discuss the use of Gross Domestic Policy (GDP) to measure the business cycle. Discuss the roles of government bodies which determine national fiscal policies.

  Explanation of changes in is or lm model

Using the IS/LM model, demonstrate the effect of each of the following changes.

  Write the equation of the contract curve

Consider an exchange economy with two goods, 1 and 2, and two consumers, A and B. The consumers are initially endowed with a total of unit of each good, i.e. w1 = w1A + w1B = 1 and w2 = w1B + w2B = 1.

  Equilibrium price and quantity of gasoline

The demand and supply curves for gasoline (in billions per year) are given below. Using the equations, find the initial equilibrium price and the quantity in the market for gasoline.

  List out also describe the firms in the industry

List out also describe the firms in the industry. Discuss the product, production methods, scale of production, and sources for raw materials.

  Ad increase raises gdp much more than a giant ad increase

A country with a relatively small + aggregate demand shock (a shift outward in the AD curve) may have a substantial economic boom, but sometimes countries that have massive increase in the AD curve (hyperinflation countries like Germany before WWI..

  Proide that the economy grows is allowed to grow

Proide that the economy grows is allowed to grow through the banking system and the creation of money through lending.

  Would it be fair to say that john is addicted to coke

After consuming one Coke, John has a total utility of 10 utils. After two Cokes, he has a total utility of 25 utils. After three Cokes, he has a total utility of 50 utils. Does John show diminishing marginal utility for Coke.

  Analysis of gdp information

Go to the Bureau of Economic Analysis Web site, and access the BEA interactively through selecting National Accounts and then National Income and Product Account Tables

  You make the entire marketing plan

you make the entire marketing plan. Document your ideas in a memo. Your memo should address the following points at a minimum.

  Do comparision with the economics of the two service product

Do comparision with the economics of the two following service producing alternatives.

  Laffer curve : tax rate and tax revenue

Question based on Laffer Curve : Tax Rate and Tax Revenue,  Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?

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