The year 2015 Base Year Price Index = (120)   Base Year Output = (4 million)   The year 2016 Current  Year Price Index = (140) Current  Year Output = (5 million) ii. Calculate MPS for the following data:  Y1=2000​​​S1=300 Y2=4000 ​​​S2=800

What is the real average hourly earnings for 1965 in 2010 dollars equal to?

You are employed by the state bureau of economic development. There is a demand for a leading economic index to review past economic activity and to forecast future economic trends in the state. You decide that several key factors should be included in the index: number of new businesses started during the year, number of business failures, state income tax receipts, college enrollment, and the state sales tax receipts. Here are the data for 2000 and 2018. New businesses Business failures State income tax receipts ($ millions) College student enrollment State sales tax ($ millions) Click here for the Excel Data File Leading economic indicator 2000 1,088 Economic activity has 627 191.7 increased decreased 242,119 41.6 c. Interpret the indexes. (Round your answer to 2 decimal places.) 2018 1,162 The weights you assign are: new businesses 15%, business failures 10%, income tax 40%, enrollment 10% and sales tax 25%. b. Compute the leading economic indicator for 2018. (Round your answer to…

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