Economics

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Application Questions Drawing on current business publications and tying the opening case of the chapter as a guide, discuss how the slow economi" ,u"olr"ry in 201I and 2412 has affected the cument straiegies of flrms other than those mentioned in the cas-e.

Wl,ealwv\ *@A/kv # I CHAPTER t 1 Measuring Macroeconomic Activity 3Lg ,Eil

a. Howi CPI used? b. How is CPI market basket determined?

What and services does the CpI cover? How are prices collected and reviewed?

From the tics Web page (wwwbls.gov , find annual averages of the emplo;rment of the civilian noninsti-

1940 to date. Constructtutional population

C.

d.

(ro,

a table and chart noninstitutional force, the num ofe

1969, 1982, Discuss time peri

the size of the civilian on, the civilian labor

, the number of

20A7, and ZAtl. these variables di,$ered in thoser). Ftom the Bureau of Econffic Analysis Web page

(wwl,r.,.bea.gov), construct"a table showing the/". 7. Ftomanrru{ percentage cydrge ih.real GDi gross pri_ Web sivate domestic inveritfnent @,'ngnresid"ritiui fix"a

11y9.ftn9nt, and pdsidential fixed..inveshnent from

re these revisions for your example? Bureau of Lalror Statistics Web page

(u.ww.bls.gov/cpi), find the answers to the foilow_ ing questions:

years? Are there c among those

of trade

ning ZC0Z to 2A11. Vnch component of investment had

which was the shortest?the greatest impact on the recession of2007 to 200g? 4. md.T arfcte in a current business publication on current business publications, find an

3:r^9"-?4"esrevisiors in the GDp aata How sig_ cle in which either fiscal or monetary policy

were describing their goals of maintain_

(www.nber.org), flnd the official begin- ending dates of the recessions that hive since 1965. Which recession was the lon_

ing stable prices, full emploS.ment, and adequate economic growth over time. Which goal was the most important at the time your u.ii"l" -*written?

Do the percentages\r cor spent on (6), investment (I), fuvernment (G) and imports (/fl diffe\significan

Economics for Managers' Third Edition, by Paul G. Farnham. Published by prentice Hall. copyright @ 2014 by pearson Education, Inc.

1980, 1990, 2000, and 2010. Show the change in real over each of those

unemployed, over the period?

Bureau or s"on}ri" Besearch