Why the inflation rate is calculated?
Inflation is measured by calculating the percentage rate of change of price index,
which is
calledthe inflation rate. The rate of inflation is usually expressed in annualised term,
though the measurment periods are usually different from one year. Inflation
rate= p - P /P *100
i.e, p minus P divided by P into100.
Where, p= current average price level, P= price level a year ago.
Reasonable monetary policy during a period of high inflation?
During times of high inflation, it is best to regulate the price increase of the retailers. Policies should include price regulation, and consumer control.
What is usd 5000 in 1988 worth today?
$5,000.00 in 1988 had the same buying power as $10,248.05 in 2016.
How much would 1 dollar in 1953 be worth in 2010 dollars?
$1.00 in 1950 had the same buying power as $10.02 in 2016. Annual inflation over this period was about 3.55%.
Why government want to have low unemployment and low rate of inflation?
Lower unemployment means there are more people with incomes this means the government will receive more income tax. Furthermore there are less people dependent on the government such as benefits therefore the government is spending less or they can use that money for healthcare, education or policing. More families with a higher income will result in higher consumption this means more money from VAT.
High inflation simply means an increase in price over a period of time, the government wants to keep inflation down as it means prices will not be ridiculously high.
One problem with inflation is redistribution. Inflation makes some people better off while it makes others worse off. The three things that cause redistribution are price effects, wealth effects, and income effects.
What are the values of 1922 to 1935 silver dollars?
I have a silver dollar that was in mint condition, dated 1835. It was worth $125 two years ago. Being that yours is in the 1900's, it's probably worth from $25 to $50. You can always call coin shops. They'll tell you over the phone, what your coin is worth. Call around before you sell it. If you want more money, sell it on E-bay.
The above information is not meaningful. There are guides to Peace dollar prices at many web sites. Please see the related link below.
What is the importance statistics in social science?
statistics in sociology are very important. One of the first things you learn in sociology is that nothing can be accepted as fact until it has been proven - and you can basically not prove much without the use of statistics.
Even when studying sociology at high school level, you will be introduced to simple statistical tests such as cai-squared tests. Once the subject of sociology is taken further than high school, students will be introduced to a statistical analysis program specifically designed for this kind of research called SPSS.
SPSS stands for Statistical Package for Social Science and is used widely to interpret data in the fields of sociology, psychology and other similar studies. Without such programs, social sciences would not be considered to be academic subjects, as it would be purely based on points of view.
Quantitative data (based on numerical, comparable data) is essential to sociology. However, qualitative data is also used widely in social sciences and this takes account of spoken word, points of view and more in depth accounts.
Both types of research have their positives and negatives, but without statistics and quantitative data, sociology would not be the scientific subject that it is today. Without the numerical data, research could not be compared or fully analyzed; and we certainly could not say that the results were reliable. It is very difficult to analyze words and this is one of the major flaws with qualitative data. The strongest research cases are those which can combine the two methods to give the most accurate, reliable and valid results.
# The Inflation Rate Soars means the rate of increase in the price of goods and services over a given period of time increases tremendously.
Why a indifference curve is convex?
combinations food(x) clothing(y) MRS(xy)
A 1 12 -
B 2 6 6
C 3 4 2
D 4 3 1
A(1,12) B(2,6) C(3,4) D(4,3)
at each combination consumer receives same level of satisfactn.as income is given and constant and there is no scope for underspending when consumer consumes additional unit of one commodity(food) he has to give up some units of clothing.at each level sacrifice in terms of clothing reduces as now clothing becomes scarce in comparison of food.according to law of DMU with every additional consumption utility diminishes and hence consumer starts valuing less food for clothing.hence MRS is falling.
What is the inflation rate from 1980 to 2009?
There's a pretty good discussion of this at http://understandingthemarket.com/?p=65
It appears that is was just over 3%, accoring to the above reference.
How does an increase in unemployment negatively affect your government?
Increased applications for unemployment benefits directly reflect the loss in the number of jobs available to workers. The actual cost of paying unemployment benefits to the unemployed, is actually very small compared with other government spending. Paying unemployment benefits to those who need it, actually benefits the country's economy, because it prevents jobless individuals and their families, to overwhelm other government programs such as welfare. Paying unemployment benefits also prevents individuals to fall into poverty-related social problems, which would result in higher costs to deal with their consequences and to bring individuals back to join the work force, which at the end, is what keeps the economy rolling and growing.
How much would 2023 pounds in 1940 be worth today?
A British one pound note was worth $4.25 US currency exchange in 1940
The value to a coin / banknote collector today would depend on condition of note. You should be able to find on Google search and Ebay
1 pound in 1940 is widely rated as very roughly equivalent to about 40 to 45 pounds now.
Please bear in mind that in 1940 income tax rose sharply (to finance the war) and that increasingly rigorous rationing came into effect. Some goods that are readily available now were scarce because they were requisitioned by the government: for example, photographic film was often difficult to obtain because over 80% of the entire output was used by the government, mainly for aerial reconnaissance. The production of most perfumes was stopped on the grounds that these were inessential luxuries and so on. The prices of essentials were fixed (and moderate). As a result, they was less and less to spend money on - and this in turn led to inflation. In 1940 prices rose by about 10%
I hope this answer is of use to you.
Joncey
Define the term of Hyper inflation?
Hyperinflation is a rapid rise in the general price level. When inflation occurs, sometimes people anticipate further inflation. They then spend all their savings "now" to beat the anticipated price increases; after all, money in the bank during inflationary periods only can depreciate in value. Businesses buy more capital goods. Workers get paid higher and higher wages. These actions will further intensify the pressure on prices. Inflation drives inflation further; it eventually may cause economic collapse.
Inflation that is out of control is referred to as .?
Inflation that is out of control is referred to as hyperinflation. This phenomenon occurs when prices increase rapidly and uncontrollably, often exceeding 50% per month, leading to a significant erosion of purchasing power. Hyperinflation can destabilize economies and erode confidence in a currency, prompting people to seek alternative means of exchange. Historical examples include Zimbabwe in the late 2000s and Germany during the Weimar Republic in the 1920s.
What is the value of a 1944 half dollar?
All Walking Liberty Half dollars from 1940 to 1945 regardless of mintmarks, in average circulated condition (below EF-40 Grade) have the same retail values of $8.00-$9.00. These years are high mintage widely circulated coins, so most show heavy wear. The coins are very common
What cause inflation in new nation?
After the revolutionary war, most states had a hard time paying off war debts and struggled to collect overdue taxes. to ease this hardship, some states began printing large amounts of paper money. The result was inflation!
What was the price of a loaf of bread in 1850?
5 cents. Actually most people made their bread in 1914. White bread as we know it didn't yet exist. So, the cost of roughly 5 cents would be for a loaf of bread from a bakery. But consider ...
In 1914 the average work week was 49 hours and the average weekly earnings were $10.92; the average wage per hour was 22 cents. So you could buy 4 loafs of bread for an hours work. If a loaf of bread from the bakery costs $3.00 now then a wage of $12 an hour would be compatible (allowing one to buy four loafs of bread for an hours work).
http://www.virtualvenice.info/print/1914-1916pt1.htm
Richard Nixon
What is the current inflation rate in Afghanistan?
Year
Inflation rate (consumer prices)
Rank
Percent Change
Date of Information
2004
5.20 %
71
2003
2005
10.30 %
193
98.08 %
2003
2006
16.30 %
218
58.25 %
2005 est.
2007
16.30 %
218
0.00 %
2005 est.
2008
13.00 %
209
-20.25 %
2007 est.
2009
13.00 %
180
0.00 %
2007 est.
2010
30.50 %
222
134.62 %
2009 est.
Definition: This entry furnishes the annual percent change in consumer prices compared with the previous year's consumer prices.
inflation reducing the value of investors' financial assets
What is better for the economy low inflation or high inflation?
Generally, low inflation is better for society because inflation has costs associated with the reallocation of assets and their value (that is, it costs money for people to change their decisions when inflation changes the value of their goods/services).