Answer:
A-Come up with a basket of goods bought by a typical consumer.
D-Find out the prices of the different goods.
C-Calculate how much the basket costs in each period.
B-Convert the cost of a basket to an index number.
Explanation: A Consumer Price Index is basically used to measure changes in the price level of a weighted average market basket of consumer goods and services purchased by households. It is used to measure inflation. Four steps are required when measuring the Consumer price index of an household. They include ;
Coming up with a list of items or good basket purchased by a consumer. Once that has been done, the prices of the separate items and cost of items at different times or period then convert.
Answer and Explanation:
Given equation C = $600 billion +0.9Y
Where c = total consumer spending
$600 billion = consumer autonomous spendinf
0.9= marginal propensity to consume(mpc)
Y= income of consumers
A. Marginal propensity to consume(MPC)= 0.9 from equation given
B. Autonomous spending which is spending that is constant =$600 billion from equation given
C. Using equation of consumer spending above, C= $600 billion+0.9Y
With $4200 billion in income, consumers spending =$600 billion+0.9*$4200 billion
=$4380 billion
D. Savings= consumers income-consumers spending= $4200 billion-$4380 billion= -$180 billion
Therefore there was a deficit not saving
Answer:
Engine Assembler
Computer Repairer
Automotive Specialty Technician
Explanation:
D, it picks two top candidates from two different political parties to go on for president.
