The accompanying table shows a portion of quarterly data for real personal consumption (Consumption in $) and real personal disposable income (Income in $) for the years 2000-2019. Date Q1,2000 Q2,2000 I Q4,2019 Consumption 8520.71 8603.01 ⠀ 13411.94 Income 9338.68 9441.95 ⠀ 15100.13 pictureClick here for the Excel Data File a. Construct a scatterplot of Consumption against Income. Given the scatterplot, which statement best describes the relationship between Consumption and Income? O Consumption and Income have a positive relationship. O Consumption and Income have a negative relationship. O Consumption and Income have no relationship. O Consumption and Income have a U-shaped (nonlinear) relationship.

A zero slope shows: positive relationship between two variables no relationship between two variables does not show anything negative relationship between two variables

Refer to the figure below: Insurance and pensions 11.9% Item a. Entertainment b. Transportation c. Clothing Housing 32.8% Item Weight 0.053 0.159 0.03 Entertainment 5.3% Transportation 15.9% Price Change 20% -8% 100% Health care 8.1% Source: U.S. Bureau of Labor Statistics, Consumer Expenditure Survey (2018 data). Use the item weights in the figure to determine the percentage change in the CPI that would result from a(n) a. 20 percent increase in entertainment prices. b. 8 percent decrease in transportation costs. c. doubling of clothing prices. (Note: Review the table titled "Computing Changes in the CPI" in your text for assistance.) Instructions: Enter your responses as a percentage rounded to two decimal places. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. Food 12.9% Impact on CPI (Inflation Effect) Clothing 3.0% Miscellaneous 10.1%

No written by hand solution