Economics Questions from Feb 06,2025

Browse the Economics Q&A Archive for Feb 06,2025, featuring a collection of homework questions and answers from this day. Find detailed solutions to enhance your understanding.

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What part of the CPI has the largest weight (meaning what is the biggest chunk of the CPI made up of)? Gas Housing/Shelter Ticket Prices Food What is the CPI (Consumer Price Index)? The price of gasoline throughout the year The price of housing and groceries throughout the year A mariet bosket of goods and services for which prices are trocked throughout the year The equilibrium price of rent in America \begin{tabular}{l} What metric is used to calculate the US inflation \\ rate? \\ Consumer Price Index \\ Supply and Demand \\ Federal Funds Rate \\ \hline Exchange Rate Markets \end{tabular} Which of the following loses out the most when inflation is consistently at \( 4 \% \) per year? A person who bought a new house and signed a mortgage loan at \( 3.5 \% \) \( \begin{array}{r}\text { A person who invested } \$ 10,000 \text { in a } 5 \text {-year Treasury } \\ \text { bond at } 4.70 \%\end{array} \begin{array}{l}\text { A person who has held } \$ 5,000 \text { in a safe for } 2 \text { doyears } \\ \text { A person that took out a car loan at } 2 \%\end{array} \) \begin{tabular}{l} Which of the following could be very bad for the \\ economy? \\ Movie tickets at \( \$ 15 \) per ticket \\ A small percentage increase in prices from year to \\ year \\ \hline Falling prices (or deflation) \\ \hline An inflation rate of \( 2 \% \) \\ \hline\end{tabular} 4. Considering sales tax, compare the total average cost of a \( \$ 100 \) purchase in Louisiana with the same purchase made in Georgia. 3. In which states are there no sales taxes paid? Check all 4 that apply \( \square \) Alabama \( \square \) Delaware \( \square \) Kentucky New Hampshire \( \square \) Minnesota Montana Oregon Rhode Island What areas of the Indian economy are booming internationally? A. Consulting and architecture B. Software development and customer support C. Military weaponry and medical fields D. Pharmaceuticals and aerospace 3 Banks are financial institutions. Which statement about banks is true? A Banks give money to people without expecting them to return it. B Banks manufacture money in the form of coins and bills. C Banks lend money to people and expect it to be repaid with interest. D Banks borrow money from people without paying them interest. Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. 1. Performed services on account in the amount of \( \$ 50,000 \) during Year 1. 2. Collected \( \$ 10,000 \) cash of the balance of accounts receivable during Year 1. 3. Recorded \( \$ 25,000 \) of accrued salaries at the end of the fiscal year. 1 points Required a. Use a horizontal financial statements model to show how each event affects the balance sheet, income statement, and statement of cash flows. More specifically, record the amounts of the events into the model. Also, in the Statement of Cash Flows column, classify the cash flows as operating activities (OA), investing activities (IA), or financing activities (FA). The first transaction is shown as an example. b. Is the amount of net income different from the net cash flow from operating activities during Year 1? Answer is not complete. Complete this question by entering your answers in the tabs below. Required \( A \) Required B Is the amount of net income different from the net cash flow from operating activities during Year 1 ? Me Graw Hill Prev 3 of 10 Next
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