Q: Jim earned an annual salary of $15,000 in 1965
Jim earned an annual salary of $15,000 in 1965. What is this equivalent to in 2005 dollars? (Use Exhibit 2 to find the CPI in the years mentioned.)
See AnswerQ: A house cost $10,000 in 1976. What is
A house cost $10,000 in 1976. What is this equivalent to in 2001 dollars? (Use Exhibit 2 to find the CPI in the years mentioned.)
See AnswerQ: Using the following data, compute (a) the unemployment rate
Using the following data, compute (a) the unemployment rate, (b) the employment rate, and (c) the labor force participation rate. The civilian noninstitutional population = 200 million, number of empl...
See AnswerQ: Net exports are –$114 billion and exports are $857 billion
Net exports are –$114 billion and exports are $857 billion. What are imports?
See AnswerQ: Consumption spending is $3.708 trillion, spending on nondurable
Consumption spending is $3.708 trillion, spending on nondurable goods is $1.215 trillion, and spending on services is $2.041 trillion. What does spending on durable goods equal?
See AnswerQ: Inventory investment is $62 billion and total investment is $1
Inventory investment is $62 billion and total investment is $1.122 trillion. What does fixed investment equal?
See AnswerQ: “If price were outlawed as the rationing device (used in
“If price were outlawed as the rationing device (used in markets), there would be no need for another rationing device to take its place. We would have reached utopia.” Discuss.
See AnswerQ: In year 1, the prices of goods X, Y,
In year 1, the prices of goods X, Y, and Z are $2, $4, and $6 per unit, respectively. In year 2, the prices of good X, Y, and Z are $3, $4, and $7, respectively. In year 2, twice as many units of ea...
See AnswerQ: Nondurable goods spending = $400 million, durable goods spending =
Nondurable goods spending = $400 million, durable goods spending = $300 million, new residential housing spending = $200 million, and spending on services = $500 million. What does consumption equal?...
See AnswerQ: Consumption spending flows into U.S. product markets but import
Consumption spending flows into U.S. product markets but import spending does not. But U.S. households buy imported goods in U.S. markets, don’t they? Explain.
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