b. Compute the leading economic indicator for 2018. (Round your answer to 2 decimal places.) Leading economic indicator c. Interpret the indexes. (Round your answer to 2 decimal places.)
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- Over the last century, during what periods was the U.S. inflation late highest and lowest?What is indexing?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. 2000 2018 New businesses 1,240 1,325 Business failures 600 496 State income tax receipts ($ millions) 185.2 220.8 College student enrollment 242,299 291,291 State sales tax ($ millions) 55.1 57.4 The weights you assign are: new businesses 15%, business failures 10%, income tax 42%, enrollment 13% and sales tax 20%. b. Compute the leading economic indicator for 2018. (Round your answer to 2 decimal places.) c. Interpret the indexes. (Round your answer to 2 decimal places.) Economic activity has (increased or decreased) _____%…
- Muintiie oT 1st 3rd 2nd 4th Population Quintile's % of Income, Ecuador, 2000 Quintile's % of Income, Ecuador, 2010 Quintile's % of Income, United States, 2010 Sth 7 11 18 61 9. 12 21 54 10 14 20 51 United States data from the Congressional Budget Office at CBO.gov Before-tax income, rounded to whole s. Data for other countries from WorldBank.org, rounded to whole %s. Report your answers to two decimal places. According to these data, the Gini coefficient for Ecuador in 2000 is 0.48 The Gini coefficient for Ecuador in 2010 is 0.44 These Gini coefficients indicate that in Ecuador, the income distribution was in 2000 compared to 2010. In 2010, the income distribution was in the United States compared to Ecuador. 3.Depreciation 200 Exports 150 public transfer 200 Gross domestic private investment 300 corporate income tax 100 factor receipts from abroad 400 gevenment expenditure on goods and services 250 interest income 800 compensation of employees 2600 net interest on government debit 50 indirect business taxes 100 factor payments to abroad 200 imports 200 proprietors incom(profits) 700 retained corporate profit 200 personal consumption expenditure 4500 personal taxes 100 social security contribution 50 rental income 600. From the above data find personale disposable income.The table below gives the price and consumption (usage/sales) for two products xand yfor four years. Using year 2000 as the base year calculate for each year, thea) Basic expenditure index b) Laspeyers price index, and c) Paasche price index
- A In 2020, it was estimated that the US had 140.8M Housing Units. The homeownership rate in the US is 65.6%. The average monthly rent in the US is $1,098 while the average home price is $284,600. The rent to value ratio in the US is 6.26%. Americans spent $325B on home maintenance costs. If GDP is $22T, housing services makes up what percentage of GDP? a) 12.6% b) 8.9% c) 14.5% d) 5.7% 7) There were around 45 billion credit card transactions in 2019 totaling $3.64 trillion. Surveys show that 44% of credit card holders pay off their full balance every month (are not financing their purchases). Further, merchants pay processing fees of around 2% of the transaction and consumers pay $120B in annual fees. We have the following interest rate information. Interest Rate Average Credit Card Rate 3 Month Treasury 14.5% 0.35% The contribution of credit cards to Gross Output for the US is: a) $707.9B b) $192.8B c) $481.2B d) $120B 8) Consider the following information for prices in France…The four categories of income in the economy are: wages, rent, interest, profit O consumption, investment, government spending, net cxports O consumption, saving, taxcs, government spending O labor, land, capital. tcchnologyConsider the following economy below in 2010 and 2020. Assume that the interest rate on the debt is 20%. What is the interest payment on the debt in 2010? a b C Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer. d 200 300 400 Year 500 Nominal Debt Nominal GDP Price Level/GDP Deflator 2010 1000 4000 100 2020 2500 8000 150
- From 2007 to 2009 calculate the percentage change inGiven the following output for the economy of Scoob calculate the nominal GDP in 2020 in $. Applet Widgets Gismo Quantity Price Quantity Price Year Price Quantity $5 2019 $100 $10 10 $4 $12 2020 $110 OA 225 O B. 250 OC 200 O D. none of the aboveB. Calculate the equiibrium level of income