President’s Report Board Directors
... While the recovery remains on course, persistant downside risks stemming from domestic fiscal issues and the European debt crisis continue to shed some uncertainty on the outlook. In April, nonfarm payrolls posted a weaker-than-expected gain, but the unemployment rate fell one-tenth of a percentage ...
... While the recovery remains on course, persistant downside risks stemming from domestic fiscal issues and the European debt crisis continue to shed some uncertainty on the outlook. In April, nonfarm payrolls posted a weaker-than-expected gain, but the unemployment rate fell one-tenth of a percentage ...
Slide 1
... structures have historically been priced by their inputs. ▪ Input price index do not account for material or labor substitution and productivity gains ▪ For hospitals, the Turner Construction Company building cost index (an input cost measure) is combined with the single-family houses index to captu ...
... structures have historically been priced by their inputs. ▪ Input price index do not account for material or labor substitution and productivity gains ▪ For hospitals, the Turner Construction Company building cost index (an input cost measure) is combined with the single-family houses index to captu ...
Interactive Tool
... 3. Students may answer that purchasing power goes down since their money is worth less, and consequently they cannot buy as many goods and services. The value of money does fall. However, they are ignoring that inflation affects wages as well. If average incomes and prices of goods and services have ...
... 3. Students may answer that purchasing power goes down since their money is worth less, and consequently they cannot buy as many goods and services. The value of money does fall. However, they are ignoring that inflation affects wages as well. If average incomes and prices of goods and services have ...
Clothing and footwear - comparitive price levels
... By column, the table refers to the PLIs of different product groups within one country and the interpretation is more complicated. All PLIs are expressed relative to the EU average for the respective product groups. For example, for Women’s footwear the Portuguese price level is 15% below the EU ave ...
... By column, the table refers to the PLIs of different product groups within one country and the interpretation is more complicated. All PLIs are expressed relative to the EU average for the respective product groups. For example, for Women’s footwear the Portuguese price level is 15% below the EU ave ...
President’s Report Board Directors
... In October, nonfarm payrolls posted another solid increase and job gains for the previous two months were revised higher. However, the unemployment rate ticked up one-tenth of a percentage point from the three-year low seen in September. Initial claims for unemployment insurance eased a bit in Octob ...
... In October, nonfarm payrolls posted another solid increase and job gains for the previous two months were revised higher. However, the unemployment rate ticked up one-tenth of a percentage point from the three-year low seen in September. Initial claims for unemployment insurance eased a bit in Octob ...
Document
... We avoid double counting either by including only the market value of the goods and services, or calculating the value added at each stage of ...
... We avoid double counting either by including only the market value of the goods and services, or calculating the value added at each stage of ...
Chapter 4: Inflation in the Twentieth Century
... not consider quality changes very accurately. For example, a computer today may cost $1,000 while a computer in the 1982 to 1984 period may have cost $800. The Consumer Price Index would treat this price increase as inflation. But of course, it is not inflation. Today’s computer sells for a higher p ...
... not consider quality changes very accurately. For example, a computer today may cost $1,000 while a computer in the 1982 to 1984 period may have cost $800. The Consumer Price Index would treat this price increase as inflation. But of course, it is not inflation. Today’s computer sells for a higher p ...
MKUKUTA/PER Consultations 2007
... Develop medium term strategy on wage bill, underpinning public service reform and better service delivery ...
... Develop medium term strategy on wage bill, underpinning public service reform and better service delivery ...
Document
... benefit of individual households – purchase of goods & services by government from other producers which are then passed on to HHs, either free or at low cost (health & education only) ...
... benefit of individual households – purchase of goods & services by government from other producers which are then passed on to HHs, either free or at low cost (health & education only) ...
Interactive Tool
... Increases in demand will cause prices to rise. If demand is rising more rapidly than supply in most markets, most prices will be rising. In addition, decreases in supply in most markets will cause most prices to rise. So if costs of manufacturing rise rapidly, prices in most markets will rise. Over ...
... Increases in demand will cause prices to rise. If demand is rising more rapidly than supply in most markets, most prices will be rising. In addition, decreases in supply in most markets will cause most prices to rise. So if costs of manufacturing rise rapidly, prices in most markets will rise. Over ...
![3. definitions and explanations[1]](http://s1.studyres.com/store/data/005036531_1-23533f3962da48d6f1995365a1369976-300x300.png)
3. definitions and explanations[1]
... non-profit institutions. The summaries are based on specific and detailed data for each year. Estimates for previous years have been adjusted after receipt of updated figures and specifications, and as a result of the continued adjustment of accounts to the new System of National Accounts (SNA93). F ...
... non-profit institutions. The summaries are based on specific and detailed data for each year. Estimates for previous years have been adjusted after receipt of updated figures and specifications, and as a result of the continued adjustment of accounts to the new System of National Accounts (SNA93). F ...
Document
... …either deliberately or because the register updating sources do not include details of such person …involves under-reporting gross output and/or over-reporting intermediate consumption Data that are incomplete or cannot be directly collected from surveys, or data that are incorrectly compiled durin ...
... …either deliberately or because the register updating sources do not include details of such person …involves under-reporting gross output and/or over-reporting intermediate consumption Data that are incomplete or cannot be directly collected from surveys, or data that are incorrectly compiled durin ...
Globalization, earnings and consumer prices: taking stock of
... Fredrik Erixon ([email protected]) is a Director and co-founder of ECIPE1 Does globalization – defined as increased global economic integration – lead to a middle-class squeeze in the developed part of the world by depressing wages and income? Or to put it differently: will blue-collar worker ...
... Fredrik Erixon ([email protected]) is a Director and co-founder of ECIPE1 Does globalization – defined as increased global economic integration – lead to a middle-class squeeze in the developed part of the world by depressing wages and income? Or to put it differently: will blue-collar worker ...
17.1 Inflation and Deflation
... Different population groups experience different rates of inflation The CPI is an average household and not representative of individual households The weighting for tobacco or motoring expenses will be irrelevant for non smokers and those without a car The CPI does not include house prices ...
... Different population groups experience different rates of inflation The CPI is an average household and not representative of individual households The weighting for tobacco or motoring expenses will be irrelevant for non smokers and those without a car The CPI does not include house prices ...
TEACHING CHAIN-WEIGHT REAL GDP MEASURES Miles B. Cahill
... computed similarly, except the new prices are used. At this point, the problem with fixed-weight indexes should be clear: under two reasonable sets of assumptions, two different figures result. Furthermore, the Paasche index method gives the stronger decrease in real GDP; this is to be expected as i ...
... computed similarly, except the new prices are used. At this point, the problem with fixed-weight indexes should be clear: under two reasonable sets of assumptions, two different figures result. Furthermore, the Paasche index method gives the stronger decrease in real GDP; this is to be expected as i ...
President’s Report Board Directors
... significantly reduce unemployment and the same areas of weakness and downside risks remain as threats to higher growth in the near term. Confidence is low, the housing market is still depressed, and the European debt situation remains in flux. Resilient consumers and businesses continue to support t ...
... significantly reduce unemployment and the same areas of weakness and downside risks remain as threats to higher growth in the near term. Confidence is low, the housing market is still depressed, and the European debt situation remains in flux. Resilient consumers and businesses continue to support t ...
Inflation October 18
... The correct answers - Increases in demand will cause prices to rise. If demand is rising more rapidly than supply in most markets, most prices will be rising. In addition, decreases in supply in most markets will cause most prices to rise. So if costs of manufacturing rises rapidly, prices in most m ...
... The correct answers - Increases in demand will cause prices to rise. If demand is rising more rapidly than supply in most markets, most prices will be rising. In addition, decreases in supply in most markets will cause most prices to rise. So if costs of manufacturing rises rapidly, prices in most m ...
Measuring Economic Aggregates and the Circular Flow of Income
... If there are no unplanned changes in inventories will GDP be at an equilibrium level planned investment =actual investment ...
... If there are no unplanned changes in inventories will GDP be at an equilibrium level planned investment =actual investment ...
132.en
... allocated to R&D by the government also includes the European Union's subsidies, which are included in the State Budget and are counted as government allocations. The ratio of R&D expenditure to gross domestic product (GDP) was 1.5%, remaining on last year’s level. According to Eurostat’s preliminar ...
... allocated to R&D by the government also includes the European Union's subsidies, which are included in the State Budget and are counted as government allocations. The ratio of R&D expenditure to gross domestic product (GDP) was 1.5%, remaining on last year’s level. According to Eurostat’s preliminar ...
Index Numbers and the Measurement of Real GDP Exchange Rate
... result of changes in costs on the supply side rather than of taste changes on the demand side. If most relative price changes were due to demand shifts, one would observe that the sectors with the largest increases in prices also would be those with the greatest increases in sales. Historically, thi ...
... result of changes in costs on the supply side rather than of taste changes on the demand side. If most relative price changes were due to demand shifts, one would observe that the sectors with the largest increases in prices also would be those with the greatest increases in sales. Historically, thi ...
President’s Report Board Directors
... at its fastest pace in over six years, and is likely to continue to grow at a solid pace through the first half of this year. Over half of the growth in the fourth quarter was due to inventory investment, however, and further improvements in employment conditions will be necessary before proclaiming ...
... at its fastest pace in over six years, and is likely to continue to grow at a solid pace through the first half of this year. Over half of the growth in the fourth quarter was due to inventory investment, however, and further improvements in employment conditions will be necessary before proclaiming ...
Chapter 14
... A period for which the CPI is defined to equal 100. Currently, the reference base period is 1982-1984. ...
... A period for which the CPI is defined to equal 100. Currently, the reference base period is 1982-1984. ...
Chapter 17: Macroeconomic Goals
... Private Investment Goods and Services: purchases by businesses. Private investment has three components: (1) business purchases of plant and equipment (2) new home equipment; and (3) changes in business firms’ inventory stocks (stocks of unsold goods). The traditional term applied to the accumulati ...
... Private Investment Goods and Services: purchases by businesses. Private investment has three components: (1) business purchases of plant and equipment (2) new home equipment; and (3) changes in business firms’ inventory stocks (stocks of unsold goods). The traditional term applied to the accumulati ...
Aggregate Expenditure and demand -side equilibrium If we assume
... translates directly into a Dollar of aggregate income. Consumption function: is the linear relationship between how many households are planning to consume at various levels of disposable income. Saving function: the relationship between how many households are planning to save at various levels of ...
... translates directly into a Dollar of aggregate income. Consumption function: is the linear relationship between how many households are planning to consume at various levels of disposable income. Saving function: the relationship between how many households are planning to save at various levels of ...
Consumer price index
A consumer price index (CPI) measures changes in the price level of a market basket of consumer goods and services purchased by households. The CPI is a statistical estimate constructed using the prices of a sample of representative items whose prices are collected periodically. Sub-indexes and sub-sub-indexes are computed for different categories and sub-categories of goods and services, being combined to produce the overall index with weights reflecting their shares in the total of the consumer expenditures covered by the index. It is one of several price indices calculated by most national statistical agencies. The annual percentage change in a CPI is used as a measure of inflation. A CPI can be used to index (i.e., adjust for the effect of inflation) the real value of wages, salaries, pensions, for regulating prices and for deflating monetary magnitudes to show changes in real values. In most countries, the CPI is, along with the population census and the USA National Income and Product Accounts, one of the most closely watched national economic statistics.