Small scale maps show a larger geographic area and less detailed and large-scale maps show a smaller geographic area with greater detail. The 1:24,000 scale is fairly large. The 1:50,000 scale goes as an intermediate. 1:125,000 is the size of...
1 Answers 1 viewsCalculating CPI, real, and per capita terms. Year: 2000, 2001, 2002. Data: 847, 902, 911. GDP ($B): 562, 607, 619. Pop (m): 183, 201, 232. CPI(2000) = 100, CPI(2001) =...
1 Answers 1 viewsInflation for 2001 can be calculated in such way: π(2001) = (Real GDP - Nominal GDP)/Nominal GDP*100% = (902 - 607)/607*100% = 48.6%.
1 Answers 1 viewsIf social welfare payment to the elderly is adjusted according to the increase in the CPI, then the elderly wouldn't be better or worse off based on the CPI, because...
1 Answers 1 viewsCPI and GDP deflator are the commonly used price indices in measuring inflation. The rise in CPI and GDP deflator by 3% in the past six months is an indication...
1 Answers 1 viewsThe real income (RI) is calculated as nominal income/CPI×100%In year 1: RI = ($45,000/143.6) × 100 = $31,337In year 2: RI = ($51,232/150.7) × 100 = $33,996So, my real income...
1 Answers 1 viewsANSWERThe percentage change in the CPI is given by;CPI = CHANGE IN THE CPI \ INITIAL CPI * 100% = (2.3 - 2.1) \ (2.1)* 100% = 9.52%
1 Answers 1 viewsA progressive tax
1 Answers 1 viewsThis is an example of an increase in the income tax rate depending on the level of wages.With an income of 10,000, Jane pays income tax in the amount of...
1 Answers 1 viewsIf we were to redefine X as the ratio of German CPI to the U.S. CPI, then that would not change the sign of X, because CPI can't be negative....
1 Answers 1 views