Give two reasons why the official inflation rate may understate the true rate of inflation. Illustrate by
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 46% (13 reviews)
First quality adjustment bias occurs when government statisticians underestimate quality improvement...View the full answer
Answered By
Lamya S
Highly creative, resourceful and dedicated High School Teacher with a good fluency in English (IELTS- 7.5 band scorer) and an excellent record of successful classroom presentations.
I have more than 2 years experience in tutoring students especially by using my note making strategies.
Especially adept at teaching methods of business functions and management through a positive, and flexible teaching style with the willingness to work beyond the call of duty.
Committed to ongoing professional development and spreading the knowledge within myself to the blooming ones to make them fly with a colorful wing of future.
I do always believe that more than being a teacher who teaches students subjects,...i rather want to be a teacher who wants to teach students how to love learning..
Subjects i handle :
Business studies
Management studies
Operations Management
Organisational Behaviour
Change Management
Research Methodology
Strategy Management
Economics
Human Resource Management
Performance Management
Training
International Business
Business Ethics
Business Communication
Things you can expect from me :
- A clear cut answer
- A detailed conceptual way of explanation
- Simplified answer form of complex topics
- Diagrams and examples filled answers
4.90+
46+ Reviews
54+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
Give two reasons why the use of smooth curves to describe shapes of distributions is helpful.
-
Give two reasons why controls would be tested.
-
Give two reasons why dividing production cost variances into price and efficiency variances is useful for management control.
-
2. The beam in the figure is made of material having modulus of elasticity E = 200 GPa . The moment of inertia of segments AB and CD of the beam is I = 6.77 10-6 m, while the moment of inertia of...
-
For X ~ N(32, 72), find two values x1 and x2, symmetrically lying on each side of the mean, with P(x1 < X < x2) = 0.99.
-
Mark Cotteleer owns a company that manufactures sailboats, Actual demand for Marks sailboats during each season in 2006 through 2009 was as follows: Mark has forecasted that annual demand for his...
-
How does an organization ensure a fit between its associates values and its organizational culture?, p. 443
-
1. Map Crayola's five pillars of operational leadership to the competitive priorities in Table 1.3. 2. Create an assessment of Crayola's competitive priorities as it relates to their Asian expansion...
-
On December 31, 2019, Richie Corporation had total assets of $35,000, of which $14,000 were current. It also had $18,000 in liabilities, of which $7,000 were current. Which of the following correctly...
-
Johannes Inc. acquired 80 percent of Corner Brook Ltd. common shares on January 1, Year 4, for $720,000. At that date, the fair value of the noncontrolling interest was $180,000. Corner Brooks...
-
Describe how indexation might be used to guarantee that the purchasing power of the wage agreed to in a multiyear labor contract will not be eroded by inflation.
-
"It's true that unexpected inflation redistributes wealth, from creditors to debtors, for example. But what one side of the bargain loses, the other side gains. So from the perspective of the society...
-
A particle moves along the curve y = bsin(cx) with a constant speed v. Determine the normal and tangential components of its velocity and acceleration at any instant. Given: m V v = 2 = S b = 1 m C m
-
1. List at least three (3) ways a business can anticipate potential problems to prevent complaints. 2. Explain how to identify customer needs and expectations. 3. List at least five (5) ways to build...
-
you have taken over a company with 4 employees and you have 1 millon dollars with you.as business management student,you are expected to take 5 business decisions ensuring that the company is able to...
-
Draw the Diamond - E ( SERVO ) model of strategic management and provide ONE WORD ( or short phrase ) that best describes the relationships between the elements of the model. ( up to 1 0 points )
-
If a patient's X-ray is rejected (at the end of the 22-minute evaluation by the doctor), she has a second X-ray taken (assume that the second X-ray will always be accepted) and this new X-ray must be...
-
What are the cognitive appraisal processes involved in stress perception, and how can cognitive-behavioral techniques such as cognitive restructuring and mindfulness-based interventions help...
-
Using the Monte Carlo setup for the one-way error component model, given in Maddala and Mount (1973), compare the various estimators of the variance components and regression coefficients studied in...
-
[a] Two foam blocks, each with a charge of 19 micro coulombs (1 C = 10-6 C), are both held in place 19 cm apart in the east-west direction. A foam ball with a charge 49 C is placed 55 cm north of the...
-
What factors should be considered when projecting (a) sales taxes, (b) property taxes, and (c) hotel occupancy taxes?
-
If demand is elastic, how will an increase in price change total revenue? Explain.
-
How is the price elasticity of supply calculated? Explain what it measures.
-
What is the price elasticity of supply of Picasso paintings?
-
Please note, kindly no handwriting. Q. Suppose a 3 year bond with a 6% coupon rate that was purchased for $760 and had a promised yield of 8%. Suppose that interest rates increased and the price of...
-
Be prepared to explain the texts comprehensive To illustrate the issues related to interest capitalization, assume that on November 1, 2016, Shalla Company contracted Pfeifer Construction Co. to...
-
On April 1, 2020. Indigo Company received a condemnation award of $473,000 cash as compensation for the forced sale of the company's land and building, which stood in the path of a new state highway....
Study smarter with the SolutionInn App