2. Alternative price indexes
Because there isn't one single measure of inflation, the government and researchers use a variety of methods to get the most balanced picture of how prices fluctuate in the economy. Two of the most commonly used price indexes are the consumer price index (CPI) and the GDP deflator.
The GDP deflator for this year is calculated by dividing the _______ using _______ by the _______ using and multiplying by 100. However, the CPI reflects only the prices of all goods and services _______.
Indicate whether each scenario will affect the GDP deflator or the CPI for the United States. Check all that apply.
An increase in the price of a Chinese-made car that is popular among U.S. consumers.
A decrease in the price of a Treewood Equipment feller buncher, which is a commercial forestry machine made in the U.S but not bought by U.S. consumers.
In: Economics
According to the University of Nevada Center for Logistics Management, 12% of all merchandise sold in the United States gets returned. A Houston department store sampled 110 items sold in January and found that 15 of the items were returned. A. Construct a point estimate of the proportion of items returned for the population of sales transactions at the Houston store. .1364 (to 4 decimals) B. Construct a confidence interval for the proportion of returns at the Houston store. ? , ? (to 4 decimals) c. Is the proportion of returns at the Houston store significantly different from the returns for the nation as a whole? Provide statistical support for your answer. z-value (to 2 decimals) p-value (to 4 decimals).DO NOT REJECT the null. Yes, we DON'T HAVE enough evidence to prove that Houston is different from the national average.
In: Statistics and Probability
The Council of Economic Advisers requests that you carefully describe and explain at least two long-run macro policy options that the President can consider to boost productivity growth and potential GDP. These policies should be aimed at raising potential GDP and shifting the Long Run Aggregate Supply curve (LRAS) out over time. The administration is considering several policies that could boost productivity over the long run. These policies include massive infrastructure spending, various tax breaks, as well as policies that could bring manufacturing activity back to the United States. Describe how the policies that you propose will affect real GDP. Recall that GDP = Consumption Spending + Investment Spending + Government Spending + Trade Balance (Exports – Imports)
(PLEASE DO NOT ANSWER IN HANDWRITING)
In: Economics
1- How can we respond when we see a looming catastrophe, but bureaucracy disagrees or moves too slowly?
2- How can we as a medical community be less dismissive of the renegade thinkers who are able to see the implications of a clinical problem early?
3- What parallels did you find between what occurred during the early stages of the AIDS pandemic in the United States, and what is happening with regards to the COVID outbreak, today?
4- Bill Gates provided some insight into the risk of a future pandemic. Well, now that pandemic is here. Based on the film and your viewing of his talk, what extraordinary measures/steps should we take in order to stop this pandemic in its tracks, or, at the very least, slow the spike of new cases?
In: Nursing
4)60% of all violent felons in the prison system are repeat offenders. If 35 violent felons are randomly selected, find the probability that
a. Exactly 22 of them are repeat offenders.
b. At most 23 of them are repeat offenders.
c. At least 22 of them are repeat offenders.
d. Between 16 and 21 (including 16 and 21) of them are repeat
offenders
5)72% of owned dogs in the United States are spayed or neutered.
Round your answers to four decimal places. If 47 owned dogs are
randomly selected, find the probability that
a. Exactly 32 of them are spayed or neutered.
b. At most 37 of them are spayed or neutered.
c. At least 32 of them are spayed or neutered.
d. Between 33 and 37 (including 33 and 37) of them are spayed or
neutered.
In: Statistics and Probability
The U.S. Department of Transportation reported that in a large study of mobile phone use while driving conducted in 2015, 4.4% of female drivers observed and 3.5% of male drivers observed were using a handheld mobile phone while driving.† Suppose that these percentages were based on observations from independent random samples of 1,300 male drivers and 1,300 female drivers (the actual sample sizes were much larger).
Assume that it is reasonable to regard these samples as representative of male drivers and female drivers in the United States. Estimate the difference in the proportion of male drivers and the proportion of female drivers who use a mobile phone while driving using a 95% confidence interval. (Use pmale − pfemale. Use a table or technology. Round your answers to four decimal places.)
In: Statistics and Probability
A Multicultural Virtual Team
You work for Nike, which is a global company. You just learned that you were assigned to a virtual team whose mission is to assess the feasibility of Nike making an inexpensive shoe that can be sold in Brazil.
The team consists of 12 members. Three of the members work in the United States (two in Beaverton, Oregon and one in New York). Two work in England, two work in China, two work in India and three work in Brazil. All are Nike employees and all were born in the country in which they work. All speak English, although some speak it better than others.
What challenges do you anticipate the team will face because of its multicultural make-up?
How could these challenges be overcome?
In: Economics
In recent decades, economic inequality (both income inequality and wealth inequality) has become a prominent topic in American politics. How would you define income inequality? How is income inequality measured? What has happened to income inequality in the United States since the end of the Second World War in 1945? What evidence can you provide to support your answer? What are the reasons for the changes in income inequality since 1945.
What is wealth inequality and how does it differ from income inequality? Is wealth more or less equally distributed than income? Why do you suppose that is? What has happened to wealth inequality in the U.S. in recent years? What accounts for those changes?
Do you think the trend in economic inequality is a problem? Why or why not?
In: Economics
Use Cardiovascular disease for the disease in my community
Implementing a Public Health Program
Using the South University Online Library or the Internet,
research about the ten leading causes of death in the United
States. List all the diseases and select one disease. Research
further on your selected disease.
Based on research, create a 5- to 7-page Microsoft Word document
that includes:
A proposal for a public health program to address that disease within your community.
An outline of the steps you will undertake to evaluate the program you have proposed.
An evaluation design for your program.
An identification and collection of data to evaluate your program.
An explanation of the method determined for collecting the data.
Conclusions from the data and justification of those conclusions.
Recommendations for improvements to your program and a plan to communicate those recommendations.
In: Nursing
Flexible Budget for Assembly Department
Steelcase Inc. (SCS) is one of the largest manufacturers of office furniture in the United States. In Grand Rapids, Michigan, it assembles filing cabinets in an Assembly Department. Assume the following information for the Assembly Department:
| Direct labor per filing cabinet | 18 minutes |
| Supervisor salaries | $250,000 per month |
| Depreciation | $18,500 per month |
| Direct labor rate | $28 per hour |
Prepare a flexible budget for 70,000, 80,000, and 90,000 filing cabinets for the month ending February 28 in the Assembly Department, similar to Exhibit 5.
| Steelcase Inc. | |||
| Assembly Department Budget | |||
| For the Month Ending February 28 (assumed data) | |||
| Units of production | 70,000 | 80,000 | 90,000 |
| Variable cost: | |||
| $ | $ | $ | |
| Total variable cost | $ | $ | $ |
| Fixed cost: | |||
| $ | $ | $ | |
| Total fixed cost | $ | $ | $ |
| Total department costs | $ | $ | $ |
In: Accounting