In 1968, the average price of a new house in the United States was $25,300. Today, this price is about $350,000. Because today’s average price is about 13.8 times greater than the 1968 price, the price compari-sons that media commentators typically have undertaken would imply that the prices of new houses have increased by that multiple over the past five decades.
By and large, however, media fail to adjust their price comparisons for the effects of changes in the GDP deflator. After using the GDP defla-tor, which currently is based on values of goods and services expressed in 2009, the inflation-adjusted price of a new house in 1968 was $115,000. The current inflation-adjusted price of a new house is about $308,000, which is about 2.7 times greater than the inflation-adjusted price in 1968. Thus, the increase in the price of a new home in the United States during the past 50 years has been substantially smaller than implied by new-home price comparisons undertaken in media reports.
If claims that media commentators prefer to report the largest possible, attention-grabbing changes in numbers are correct, why might they pre-fer to report economic data that have not been adjusted for changes in the price level?
In: Finance
Suppose that you are the chief economic advisor to the president of the United States. You are asked to propose a strategy to bring the economy out of recession. Unemployment is at 13 percent and inflation is relatively low. Your goal is to avoid an increase in inflation and bring the economy to full employment as rapidly as possible. Applying the principles of the Keynesian model, what specific economic policies would you propose to accomplish these goals? What do you believe would be the short- and long-term effects of your policies on both inflation and unemployment rates? Provide justification and examples to support your conclusions.
In: Economics
Suppose that you are the chief economic advisor to the president of the United States. You are asked to propose a strategy to bring the economy out of recession. Unemployment is at 13 percent and inflation is relatively low. Your goal is to avoid an increase in inflation and bring the economy to full employment as rapidly as possible. Applying the principles of the Keynesian model, what specific economic policies would you propose to accomplish these goals? What do you believe would be the short- and long-term effects of your policies on both inflation and unemployment rates? Provide justification and examples to support your conclusions.
In: Economics
The table below shows the number of cars (in millions) sold in the United States for various years and the percent of those cars manufactured by GM. Year Cars Sold (millions) Percent GM Year Cars Sold (millions) Percent GM 1950 6.0 50.2 1985 15.4 40.1 1955 7.8 50.4 1990 13.5 36.0 1960 7.3 44.0 1995 15.5 31.7 1965 10.3 49.9 2000 17.4 28.6 1970 10.1 39.5 2005 16.9 26.9 1975 10.8 43.1 2010 11.6 19.1 1980 11.5 44.0 2015 17.5 17.6 Use a statistical software package to answer the following questions.
| x¯ | |
| y¯ | |
| Sx | |
| Sy | |
| r |
A. State the decision rule for 0.01 significance level: H0: ? ? 0; H1: ? < 0. REJECT H0 IF T < ?
B. Compute the value of the test statistic.
In: Statistics and Probability
Compare vulnerable populations. Describe an example of one of these groups in the United States or from another country. Explain why the population is designated as "vulnerable." Include the number of individuals belonging to this group and the specific challenges or issues involved. Discuss why these populations are unable to advocate for themselves, the ethical issues that must be considered when working with these groups, and how nursing advocacy would be beneficial.
In: Nursing
Young children in the United States are exposed to an average of 4 hours of background television per day. Having the television on in the background while children are doing other activities may have adverse consequences on a child’s well-being. You have a research hypothesis that children from low-income families are exposed to more than 4 hours of daily background television. In order to test this hypothesis, you have collected a random sample of 64 children from low-income families and found that these children were exposed to a sample mean of 4.5 hours of daily background television. Based on a previous study, you are willing to assume that the population standard deviation is 1.5 hours. Use a .03 level of significance. Calculate and enter the test statistic value. 1e)Type in here the Excel function to be used along with the inputs to the function to calculate p-value for this problem. Calculate in Excel the p-value for this hypothesis test and type in the value here 1f) State the Rejection Criteria under the p-value approach for this problem 1g) What is your decision on the hypothesis test using p-value approach? State the reasoning for your decision. 1h) Type in here the Excel function to be used along with inputs to the function to calculate the Critical-Value for this problem. Calculate in Excel the Critical-Value for this hypothesis test and type in the value here?
In: Statistics and Probability
Fact or opinion? answer in a complete sentence.
The United States is the greatest nation on Earth.
Without the sun, we would all die.
Immigrants (particularly those who have entered the country illegally) are a problem. {One semi-controversial question won’t kill anybody.}
The best way to succeed in life is to work hard and not play victim.
It is very cold in the North Pole.
Superman does not exist (in the literal sense of existence).
Hard workers are easy to tell from average workers.
People with degrees make more money, on average than those without degrees.
Money can buy happiness.
You have to be smart to get a college degree.
The Amazon River is the largest river, by volume, in the world.
Mice are creepy creatures who spread disease.
Good people always do the right thing.
Black holes were originally theorized by mathematicians and then “spotted” later by astronomers.
Christopher Columbus discovered America.
Wisconsin was made a state in 1848.
If you are not interested in something, it probably isn’t worth learning.
In: Economics
Compare vulnerable populations. Describe an example of one of these groups in the United States or from another country. Explain why the population is designated as "vulnerable." Include the number of individuals belonging to this group and the specific challenges or issues involved. Discuss why these populations are unable to advocate for themselves, the ethical issues that must be considered when working with these groups, and how nursing advocacy would be beneficial.
In: Nursing
John, a teacher from Belize, traveled to the United States as a part of a teacher exchange program. He was to stay with Mitchell and Marla Dalton, teachers who reside in Eugene, Oregon. During his visit, John was to experience American culture first-hand by living with the Daltons. In turn, he had to teach small groups of teachers from the local community about Belizean culture; his American colleagues believed that he was quite successful in this task. During the first few days, things seemed to be fairly comfortable for John and the Daltons. The excitement of being in such a new and different place kept John open-eyed and involved wherever he went. The Daltons were also thrilled to be hosting their first overseas guest. However, things soon turned sour, especially for Marla. She was often complaining to her husband, Mitchell, about feeling like a servant. There was more food to prepare, extra laundry to do, day and evening outings to attend, and an extra person in an already small house to accommodate. Her breaking point occurred midway through a breakfast she had prepared. John shoved an empty glass in front of Mrs. Dalton, and in a "taking for granted" brusque tone stated, "More". With this, Marla refused to prepare any more meals, and vowed never to host a foreign guest again. Based on your evaluation of John's behavior, rate your response on a scale from one (completely agree) to five (completely disagree). Do you agree with what John did or said, and why? What solution might you have offered to rectify the situation between John and Marla?
In: Psychology
Why did a feminine “cult of domesticity” come into existence in the United States, and was it a positive or negative development for American women in the 19th century? Where (and why) does a "separate sphere" for women still exist? And is it a positive or negative force for American women (and men) here in the 21st century? Be sure to cite the primary source from Alexis de Toqueville, “How Americans Understand the Equality of the Sexes,” (1840) in your response.
In: Nursing