User Account

All Pages

Construct price index for the textbook

Assignment Help Macroeconomics
Reference no: EM132655281

Suppose you want to create a price index for the price of a particular physics textbook over ten years in your university book store. The price of the book on September 1 each year is as follows:

year price ($) year price ($)

2000 85 2005 112

2001 87 2006 120

2002 94 2007 125

2003 104 2008 127

2004 110 2009 127

(a) Construct price index for the textbook

(b) What is the price increase between the base year and 2005?

(c) What is the price increase between the base 2007 and 2009?

(d) Are the data listed above time series or cross sectional? Explain.

Reference no: EM132655281

Questions Cloud

How many total dependents may Katherine and Bill Grant claim : The Grants pay all of Luke's support. How many total dependents may Katherine and Bill Grant claim for the current year
Academy award-winning documentary film : What was your personal reaction to the content of this film? Do you think can be done to prevent a crisis similar to 2008 from happening again?
Prepare a graph for your school accounting club : Prepare a graph for your school's Accounting Club of the Federal income tax rates that apply at taxable income levels up to $200,000 for each filing status
Concerned that merger might not benefit society as whole : Star Computer and a small telecommunications company are considering a merger. she is concerned that the merger might not benefit society as a whole.
Construct price index for the textbook : Suppose you want to create a price index for the price of a particular physics textbook over ten years in your university book store. The price of the book
What are descartes reasons for believing : What are Descartes's reasons for believing that ‘physical objects are not really known through sensation or imagination, but are grasped by understanding alone
Nonverbal communication : Was the nonverbal communication always consistent with the verbal communication taking place? Why or why not? Describe it?
How much will you pay in interest : You have just purchased a home and taken out a $490,000 mortgage. How much will you pay in interest, and how much will you pay in principal
Why think farmer joe has knowledge or cow whereabouts : What do you think is required of Joe to be able to say that he knows that Daisy is on the field? Farmer Joe has knowledge or his cow's whereabouts.

Reviews

Write a Review

Macroeconomics Questions & Answers

  Inflation targeting be a good policy

Why might it be difficult for the Fed to formally adopt inflation targeting?  Would inflation targeting be a good policy for the Fed in the present economic environment

  In using the taylor rule

In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?

  Describe the present economic crisis situation in europe

Describe the present economic crisis situation in Europe.  Why has it been so difficult for the Europeans to find a solution to this problem?   Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..

  Long-term federal government budget problems

Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

  Problem based on utility function

Problem based on  Utility Function - Problem,  Answer and explain the following using a diagram which is completely labeled.

  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?

  Problem - income elasticity of demand

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

  Positive balance of payment

Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."

  Effect of recession on the investment curve

Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.

  Affect of falling domestic investment on trade surplus and

How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.

  Crises in the banking sector and bank run

Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?

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