CPI
Base year CPI will always be ...
What is 100?
The calculation for real gross domestic product is like the calculation for nominal gross domestic product except ...
What is using the base year prices to measure the real change in output?
If Sandy has a real income of 60,000 and Ray has a nominal income of 60,000, and the CPI is GREATER than 100, then ... has a higher real income.
What is Sandy has a higher income?
The unemployment rate is the percentage of ... that are a part of the ...
What is the percentage of unemployed individuals, labor force?
CPI measures the change in prices, also known as the ... rate.
What is the inflation rate?
What is the real GDP per capita if RGDP is $600 million and the population is 30,000?
What is $20,000?
All other factors equal, if you can increase your real income by moving to a different part of town, but your nominal income will decrease, you should ...
What is move to a different part of town?
I just lost my job on Monday :( and am currently looking for a new job. Am I considered as part of the labor force?
What is NO.
The market basket for Australia contains food, drinks, and rent. If the CPI of Australia increased, then food prices would have ...
What is indeterminate, food is not the only part of the market basket?
Refer to Japan's output table. What is the nominal GDP of 2025?
What is $543,664.
Raymond lives in New York, where the median home price is $220,000 and his salary is $300,000. Lara lives in Washington, where the median home price is $200,000 and her salary is $280,000. Using home price in the calculation for real income, ... has the higher real income.
There are 7.1 million people who are currently unemployed, 30.2 million who are retired/incarcerated/minors, and 161.9 million who are currently employed. The unemployment rate is ...
What is 4.2%?
The market basket in year 3 is made up of Good A (Q=5, P=10), and Good B (Q=7, P=30). The market basket in year 4 is made up of Good A (Q=7, P=12), and Good B (Q=6, P=28). What is the inflation rate?
What is -1.538%?
Refer to Japan's output table. Using 2023 as a base year, the real GDP of 2025 is ... This is higher or lower than the nominal GDP of 2025, which means that selling prices ... from 2023 to 2025.
What is $464,800? What is lower, increased?
The CPI in 2018 was 136, while the CPI in 2024 was 165. Median national income in 2018 was $45,000, while median national income in 2024 was $55,000. What is the real median income in both 2018 and 2024. Which is higher?
What is $33,088 in 2018 and $33,333 in 2024, 2024 real income is higher?
The inverse unemployment rate is the utilization of the resource of labor in an economy. If a country opens to international trade and exports its goods, then the utilization of labor will ...
What is increase?