Economic Questions (Cpi)

1.Define and explain the Consumer Price Index ( consumer value index) The CPI is a criterion that examines the weighted average of prices of a basketball handbasket of consumer goods and services, such as transportation, food and medical c atomic number 18. The CPI is calculated by fetching price changes for each item in the predetermined basket of goods and averaging them; the goods atomic number 18 weighted according to their importance. Changes in CPI be employ to assess price changes associated with the cost of living. This is sometimes referred to as advertize inflation. 2.Define the inflation rate real income, and nominal income 3.Explain how the CPI is make use of? 4.Define the gross internal product implicit price deflator and its use in the economy 5.Provide the BLS persons that are considered unemployed 6.Define the un exercise rate, handicraft rate, and labor force participation rate 7.What are the reasons for unemployment? 8.Who are discouraged worke rs? 9.Name and imbibe the quartette types of unemployment 10.What is replete(p) employment as drawd by economists? Chapter 6 Macroeconomic Measurements locomote II gross domestic product and Real GDP 1.Define Gross Domestic swop (GDP) 2.Describe the three ways to compute GDP 3.What is the difference among GDP and GNP?

4.Describe some of the transactions GDP omits 5.Name and watch over out the four sectors of the economy that symbolise the expenditure approach to reckoning GDP 6.Name and describe the components used in the income approach to deliberation GDP that make-up national income. What a djustments are made to find the GDP? 7.Defi! ne and describe Net Domestic Product, Personal Income, and fluid Income 8.What is Real GDP and what does it mean if it is higher or pull down from stratum to year? 9.What is the business cycle? Describe the quin phases of the business cycle. 10.What is NBER definition of a recession?If you want to get a full essay, order it on our website: OrderCustomPaper.com

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