which of the following is NOT a problem in using economic statistics? a) using GDP statistics to compare income in the U.S. and Bangladesh may be inaccurate because household production (non-market) is a much higher percentage of the economy of Bangladesh. b) Using the published CPI statistics to calculate changes in the purchasing power of your income is inaccurate because the CPI is calculated for the "average consumer's" spending pattern. c)The same statistics are often interpreted differently by different politicians and reporters, which makes it difficult to understand what is really happening without understanding how the statistics were calculated. d) Government statisticians in the U.S. frequently distort the numbers.

Using Table 1, calculate percent change in nominal per capita away-from-home household food expenditures from 1998 to 2019. Enter your answer as a percent rounded to the nearest one hundredth of a percent (i.e., two decimal places). Table 1. Population, CPI, Income, and Food Expenditure Data. Away-From- At-Home Home Total Disposable Household Household Household Personal Food Food Food Year Population Expenditures Expenditures Expenditures CPI Income millions (1988 = 100) billions, nominal . 1997 273 135.7 6,161 354 265 619 1998 276 137.8 6,574 364 278 642 1999 279 140.8 6,890 386 292 678 2000 282 145.6 7,416 405 313 718 2001 285 149.7 7,767 423 326 749 2002 288 152.1 8,107 428 334 762 2003 290 155.5 8,484 444 355 799 2004 293 159.7 8,986 466 382 848 2005 296 165.1 9,386 491 407 898 2006 298 170.4 10,025 515 434 949 2007 301 175.3 10,515 543 461 1,004 2008 304 182.0 10,935 564 478 1,042 2009 307 181.3 10,907 537 476 1,013 2010 309 184.3 11,314 538 489 1,027 2011 312 190.1 11,873 562…

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…

In the first Super Bowl in early 1967, the winners earned prize money of $15,000. In January of 1967, the CPI was 32.9. In January of 2018, the CPI was 247.87. Earning $15,000 in 1967 would have been like earning how much in 2018 (using our CPI numbers to do the conversion)? Group of answer choices a) $15,000 b) approximately $113,011 c) approximately $95,717 d) approximately $110,717 e) approximately $114.78

The exports of Uruguay, a developing country, are made essentially of primary commodities. A comparison between export prices received by Uruguay and the price paid for its imports shows the following: on average export prices rose 40% between 2000 and 2010, while import prices went up by 150%. Index quantities exported by the country were Qx = 15 (in 2000), and Qx = 30 (in 2010).   Uruguay’s income terms of trade (ITT) in 2000, was:   Group of answer choices   100.   1,680.   2,000.   250.   1,500.

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 The weights you assign are: new businesses 17%, business failures 10%, income tax 34%, enrollment 14% and sales tax 25%. b. Compute the leading economic indicator for 2018. (Round your answer to 2 decimal places.) 2000 1,125 592 196.2 242,159 46.1 Economic activity has 2018 1,059 286 178.8 291,079 66.7 c. Interpret the indexes. (Round your answer…

Cody purchased one share of Microsoft for $100 in January 2000 and sold that share in January 2022 for $200. Suppose the CPI was 94.5 in January 2000 and 140.3 in January 2022 . If the capital gains tax is imposed at a rate of 50 percent, what is Cody's after-tax real capital gain? Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

compare and contrast the calculations for the consumer price index and the GDP price index as measures of inflation.

The table below represents the economy of Bruce, IL, which is a small town in Moultrie County. Corn is grown and only used in the production of beef (as feed). Rifles are produced but only used by government for policing. Beef and juice are produced and consumed by all citizens. If necessary, use 2012 as your base year. Corn Rifles Beef Juice Price Quantity Price Quantity Price Quantity Price Quantity 2011 $350 1000 $150 100 $5 100 $2 210 2012 $360 700 $175 120 $6 110 $2 220 2013 $380 1100 $165 140 $6 130 $4 220 2014 $400 1200 $185 150 $6 140 $5 200 What is the nominal GDP for 2013?

The table below presents a brief summary of City A’s total spending, local GDP, and population changes. Read the table and answer the following questions.                   2010 2020 Total spending ($ million) 89 104.12 Local GDP ($ millions) 110 134 Population 50,000 56,275 CPI deflators (2012=1) 0.96 1.05   Calculate % change for City A’s total spending from 2010 to 2020 in current dollars. *Results round to the nearest 2 decimal places.  Calculate % change for City A’s total spending from 2010 to 2020 in constant dollars. *Results round to the nearest 2 decimal places.  Why does % change calculated from constant dollars differ from % change calculated from current dollar? Calculate per capita spending in 2010 and 2020, respectively, using constant dollars. *Results round to the nearest dollar.  2010 per capita spending: 2020 per capita spending: Calculate the compound annual growth rate of per capita spending from 2010 to 2020…