How much was that measured in the value of the us dollar

Assignment Help International Economics
Reference no: EM13241342

In July of 2011, the average price for a gallon of unleaded gasoline was $3.68. How much was that measured in the value of the US dollar in the year YOU were born? You will have to use the following link to search for the indexes you need to perform the calculation. You will need to find the CPI for JULY 2011. You will need to find the "Annual Average CPI" for the year you were born. Make sure that you identify your birth year, your birth year CPI, and the JULY 2011 CPI.

Reference no: EM13241342

Previous Q& A

  What molarity of sulfide ion will produce the greatest lead

What molarity of sulfide ion will produce the greatest amount of lead sulfide (Ksp = 8.0 x 10-28) precipitate without precipitating any tin(II) sulfide(Ksp = 1.0 x 10-25)

  Determine net income for the period of common stock

Determine net income for the period if beginning stockholders' equity is $19,000, dividends declared amount to $7,000, ending stockholders' equity is $37,000 and the corporation issued $1,000 of common stock.

  The eastern end to seattle

Interstate 90 is the longest of the ease-west U.S. interstate highways with its 3,112 miles stretching from Boston, MA at I-93 on the eastern end to Seattle

  Determine the annual marginal tax rates for the next 3 years

A contractor expects to have an annual taxable income of $400,000 from its regular business for the next 3 years. The contractor is considering buying a new piece of equipment that costs $115,000. The equipment falls into the MACRS seven year

  What is the mass spectrum of an organic compound

The mass spectrum of an organic compound shows the relative abundance of M to be 34.29% and M+1 to be 8.901%. Assuming the peaks are caused by 12C and 13C isotopes, determine the number of carbon atoms in the compound. Natural abundance: 12C is 98..

  The standard normal distribution variable

How does Z the standard normal distribution variable relate to the standard deviation of its distribution and identify the critical value suitable for conducting a two-tail test of the hypothesis at the 2% level.

  What can be done to boost the profits

You are the manager of a small pharmaceutical company that received a patent on a new drug three years ago. Despite strong sales ($125 million last year) and a low marginal cost of producing the product ($0.25 per pill)

  National basketball association calculates many statistics

The national basketball association calculates many statistics, as do other professional sports organizations.

  Find the maximum acceleration

A cup of coffee is on a table in an airplane flying at a constant altitude and a constant velocity, What is the maximum acceleration that the plane can have without the cup sliding backward on the table

  What score would be needed to be in the 85th percentile

A test is normally distributed with a mean of 40 and a standard deviation of 7. (a) What score would be needed to be in the 85th percentile?


Write a Review


Similar Q& A

  What is the current macroeconomic situation in the us

What is the "current macroeconomic situation" in the U.S. (e.g. is the U.S. economy currently concerned about unemployment, inflation, recession, etc.) What fiscal policies and monetary policies would be appropriate at this time

  Should columbia produce the store brand wheat bread

A local chain store has asked Columbia to produce 10,000 loaves of the wheat bread per month with the store's name on the packaging. The store brand wheat will be identical in ingredients as well as technic of production. Estimates are sales of 10..

  Would it be practical to construct a measure of well-being

The participation of women in the U.S. labor force has risen dramatically since 1970. How do you think this rise affected GDP Imagine a measure of well-being that includes time spent working in the home and taking leisure.

  Determining the price for an acquisition

When determining the value to be paid for an merger, one of the factors considered is often,

  How much to purchase capital nd labour in competitive market

A firm purchases capital and labour in competitive markets at prices of r=$6/machine-hour and w=$4/labour-hour,respectively. With the firm's current input mix, the marginal product of capital is 12kg/machine-hour and the margi..

  Possible production points and curve

Out of all of the possible production points along a production possibilities curve, which one of those points does a nation select and why?

  Does japan have an inflationary gap

In Japan, potential GDP is 600 trillion yen and the table shows the aggregate demand and short-run aggregate supply schedules. Real GDP Demanded Real GDP Supplied in the Short Run Price Level (trillions of 2000 yen) (trillions of 2000 yen)

  Why are groups in the us extremely critical of corporations

why are some groups in the U. S. extremely critical of corporations that earn growing profits Is this criticism a function of large CEO salaries or is something else driving these attacks

  Which commodity will scotland trade to england

enliand and Scotland both produce scones and sweaters.Suppose that an English worker can produce 50 scones per hour or 1 sweater per hour. suppose that a Scottish worker can produce 40 scones per hour or 2 sweaters per hour.

  Which country is more sensitive to changes in its exports

Assume that another region (country) enters the picture. Also, assume that this new country is as big as the U.S. and China and that it is experiencing an economic boom with high levels of imports and exports.

  Draw the production possibility frontier

Draw the production possibility frontier for the Home country with cloth on the horizontal axis and food on the vertical axis. Suppose the economy is engaged in free trade and the free trade relative price of cloth is given.

  Explain effect on the us macro-economy of expected oil price

Since Fall of 2011, the price of oil has shown a sharp increase again as continuation steady rise in oil price attributed to the Arab Spring (the political uprising in the Middle Eastern and North African countries) started in the beginning of 201..

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