Answer:
Consumer Price Index
Explanation:
The percentage change in the price level from one time period to the next, whether the price level is measured in terms of money or as a price index, will be the Consumer Price Index
The Consumer Price Index tracks changes in the cost of living over time
It also measures the change in the retail prices of a broad range of specific goods and services.
The percentage change in price level from one time period to the next is the inflation rate, calculated using a basket of goods and price index numbers, though it is subject to substitution and quality/new goods biases.
Explanation:The percentage change in the price level from one time period to the next, whether the price level is measured in terms of money or as a price index, will be the inflation rate. Economists measure the price level by using a basket of goods and services and calculating how the total cost of buying that basket of goods will increase over time. This cost is often expressed in terms of price index numbers, which transform the cost into a series of numbers in the same proportion to each other, typically basing it on a standard year set to 100. To measure economic inflation, the inflation rate is gauged as the percentage change between these price levels or index numbers from one period to another.
However, two significant problems can affect the accuracy of this measurement: substitution bias, where consumers may change their buying patterns in response to price changes, and quality/new goods bias, where improvements in product quality or new products introduced to the market can affect the price level.
The Jackson Company incorrectly omitted $100,000 of merchandise from its 20X1 ending inventory. In addition, a merchandise purchase of $40,000 was incorrectly recorded as a $4,000 debit to the purchases account. As a result of these errors, 20X1 before-tax income is:___________.1. Overstated by $136,0002. Understated by $136,0003. Overstated by $640004. Undersated by $64000
Answer:
Option "4" is the correct answer to the following statement.
Explanation:
Step 1: Company omitted $100,000 from Stock account, it will Increase Cost of goods sold by $100,000
and also Profit by $100,000
Step 2: Purchase account debited by $4000 Would decrease the Cost of goods sold by ($40,000 - $4,000) $36,000 and decrease Profit by the same amount.
Total understate income = $100,000 - $36,000
= $64,000
Assume that an economy described by the Solow model is in a steady state with output and capital growing at 3 percent, and labor growing at 1 percent. The capital share is 0.3. The growth-accounting equation indicates that the contributions to growth of capital, labor, and total factor productivity are:____________-
A) 0.3 percent, 0.7 percent, and 2 percent, respectively.
B) 0.9 percent, 0.7 percent, and 1.4 percent, respectively.
C) 0 percent, 1 percent, and 2 percent, respectively.
D) 1.8 percent, 0.3 percent, and 0.9 percent, respectively.
Answer:
The growth-accounting equation indicates that the contributions to growth of capital, labor, and total factor productivity are 0.9%, 0.7%, and 1.4%, respectively.
Explanation:
Given
Capital growing = 3%
Labor growing = 1%.
Capital share = 0.3
Assuming the economy is in a steady state;
The growth accounting equation is as follows:
GDP Growth = Capital Growth*(Weight of Capital Contribution) + Labor Growth*(Weight of Labor Contribution) + Technological Progress.
Contribution to Growth of Capital = 3% * 0.3 = 0.9%
Contribution to Growth of Labour = (1 - 0.3)% = 0.7%
Total Factor Productivity = 1 + 0.3 + 0.1 = 1.4%
Answer: B. 0.9 percent, 0.7 percent, and 1.4 percent, respectively
Explanation:
The growth accounting equation measures how changes in the Gross Domestic Product (GDP) are influenced by productivity levels due to changes in available capital, labor, and technology.
Output and capital growth = 3%
Labor growth = 1%
Capital share = 0.3
Contribution to capital = capital growth × capital share = 3% × 0.3 = 0.9
Contribution to labor = 1% - 0.3= 0.7
Contribution to total factor of productivity = 1 + 0.3 + 0.1 = 1.4
Martha claims that she has been assigned marginal job roles or light workloads that don't lead to promotion. Which of the following terms accurately explains the type of discrimination she has been subjected to?
A) intimidation
B) sexual harassment
C) exclusion
D) inclusion
E) insult