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Imagine that in 1982 the Bureau of Labor and Statistics (BLS) published the consumer price index at 100. Today the index stands at 185. What is the inflation rate?
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∙ 7y ago
85%
Dereka Henry
Anonymous
Dhfss
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What is the relationship between the purchasing power of money and the rate of inflation?
Purchasing power of a money is --> For X amount of money u can buy A mount of goods, Inflation is ---> General price rise in commodities Rate of inflation ---> the increase/decrease in inflation is subsequent years. So, naturally, If rate of inflation is high PP of money will go down B'cuz, Price of products are high, the power of ur money to buy them comes down So, PP of money and Rate of inflation is inversely related..
What did the grasshoppers do in the great depression?
If you're referring to the insects, I would imagine they just ate grass and chirrupped. I mean, they couldn't exactly go to the store and buy alfalfa any more because of inflation, and the Nintendo wasn't yet invented, so what else was there to do?
How did economic activity in the Old Northwest change?
Economies exposed to international market, the exporters are facing high domestic cost and reducing profit margin as the value of Dollar is dropping fast. The uncertainty and complexity of inflation and dented growth in the developed countries further squeezed the order volume of these manufacturers. To illustrate, imagine three main economic problems faced by world economies, world inflation, truncated growth and lower economic activity.
Why did the Full Employment and Balanced Growth Act establish 3 percent inflation as the benchmark rather than zero inflation?
To someone unfamiliar with economics, this answer is likely to be difficult to understand, so I'll try to answer it as simply as possible. I would imagine, however, for you to be asking this question, to have an above average background in economics, but just in case, I'll go through the basic causes of inflation. Inflation is known to economists as a general, persistent and appreciable rise in the cost of goods and services, and is quantified through the calculation of a consumer price index (CPI). There are two key types of inflation which are characterised by their causes, which are : Demand pull-which is simply defined as "too much money chasing too few goods", relating to the level of aggregate demand in the economy and/or the demand for labour(related to cost push) and/or the money supply in the economy. This inflation occurs when there are bottlenecks in supply relative to demand, and thuse prices go up. And, Cost push, which is related to the cost of factors of production, for example, labour, capital and company regulations. Given that much of monetary policy (policies which control the supply of money and the availability of credit) hinges upon demand management, demand pull inflation is often the key focus of counter-inflationary policy. This is also because the demand pull effect is easier to manage and more predictable, also being a more recurrent cause of inflation. The simplest way to answer your question explicitly is to state that, 2-3% inflation is considered to be positive, as it has negligible redistributive and output related ramifications. Furthermore, it is a sign of sustainable growth, suggesting that demand is slightly outstripping supply, and hence, there is still a manageable level of economic activity. In essence, 2-3% inflation is associated with growth and can be managed to the benefit of the macroeconomy. Furthermore, there are little inherent benefits associated with 0% inflation, when one considers the sizeable input required to balance the demand and supply sides of the economy. The market mechanism is dynamic and subject to a significant multiplicity of factors and hence, it is infeasible to retain this inflation figure. In Australia, as of September 2009 headline inflation was approximately 3%. This is seen as the maximum threshlod limit of inflation. However, in developing responsible monetary policy, the underlying figure of 3.9% should be considered also. I hope that answers your question. I've included quite a bit of extra info here, and I apologise if you were just looking for a concise answer, but saying that, this is the fifth time I've heard this question, so I figured more may look to this in the future. Thanks.
What is 30000 in 1960 worth today?
Well, I was wondering the same thing myself after watching an episode of Mad Men and learning the lead character Don Draper earned $30,000 a year. So I just checked how much 30,000 dollars would be in 2010 money (adjusted for inflation) and was given the figure $218,000. But I imagine the rate of inflation for a high paying executive job is higher, considering the wealth gap between the middle class and the rich has widened greatly since 1960.
What date was the constitution published?
The U.S. Constitution was signed on September 17, 1787.
Is the the pig in charlotte's web dead in real life?
I would imagine it is - given that the book was published way back in 1952 !
Where does consumers get its energy from?
Try to imagine food as Legos. When a consumer eats food, it is broken down into individual LEGO pieces. The consumer then uses whichever ones that are needed as energy. This is a gross simplification, but i hope it somewhat explains how it happens.
Where does consumers get energy from?
Try to imagine food as Legos. When a consumer eats food, it is broken down into individual LEGO pieces. The consumer then uses whichever ones that are needed as energy. This is a gross simplification, but i hope it somewhat explains how it happens.
How much money does the average American make?
A parade magazine article published in March of 2006 quoted the following Bureau of Labor Statistics for the year 2005. I wouldn't imagine they have changed all that much since then: Petroleum engineers: $1,923Actuaries: $1,639Lawyers: $1,609Economists: $1,569Chiropractors: $1,531Aerospace engineers: $1,362Medical and health-service managers: $1,089Meeting and convention planners: $912Loan counselors and officers: $861Elementary schoolteachers: $826Funeral directors: $768Social workers: $700Pest-control workers: $508Animal trainers: $482Actors: $481Child-care workers: $332Dishwashers: $296Source: Bureau of Labor Statistics.
What are the best imagine Nintendo DS games?
Here are all the Nintendo ds imagine games in order from most popular to least: Imagine Artist Imagine Wildlife Keeper Imagine Interior designer Imagine Make up artist Imagine Family Doctor Imagine Teacher Imagine Figure Skater Imagine Babyz Imagine Babysitters Imagine Fashion Designer Imagine Ballet Star Imagine Master Chef Imagine Movie Star Imagine Fashion Desginer New York Imagine Rock Star My Secret World By Imagine Imagine Wedding Designer Imagine Boutique Owner Imagine Ice Champions Imagine cheerlearder Imagine Music Fest Imagine Animal Doctor
What are all the imagine ds games?
there are Imagine: Babies/babyz, Imagine: Fashion designer, Imagine: dream wedding or wedding designer, Imagine: Interior designer, Imagine: teacher, Imagine: My secret world, Imagine: Fashion designer new york, Imagine: Animal doctor, Imagine: figure skater, Imagine: fashion model, Imagine: champion rider and Imagine: pet vet however apparently you can also get Imagine: Master chef, Imagine: Gymnast, Imagine: Rock Star and Imagine: Movie Star. There are probably more but hope it helps :D
What is the relationship between the purchasing power of money and the rate of inflation?
Purchasing power of a money is --> For X amount of money u can buy A mount of goods, Inflation is ---> General price rise in commodities Rate of inflation ---> the increase/decrease in inflation is subsequent years. So, naturally, If rate of inflation is high PP of money will go down B'cuz, Price of products are high, the power of ur money to buy them comes down So, PP of money and Rate of inflation is inversely related..
What did the grasshoppers do in the great depression?
If you're referring to the insects, I would imagine they just ate grass and chirrupped. I mean, they couldn't exactly go to the store and buy alfalfa any more because of inflation, and the Nintendo wasn't yet invented, so what else was there to do?
How do you write imagine in Hindi?
imagine that---> socho imagine! --> kalpana
Can you use imagine in a sentence?
"I can't imagine what life would be like without you..." or "Imagine a world without trees."
How did economic activity in the Old Northwest change?
Economies exposed to international market, the exporters are facing high domestic cost and reducing profit margin as the value of Dollar is dropping fast. The uncertainty and complexity of inflation and dented growth in the developed countries further squeezed the order volume of these manufacturers. To illustrate, imagine three main economic problems faced by world economies, world inflation, truncated growth and lower economic activity.
