Question
Research the answers to the following questions by getting information from government sources. 1. What was included in the average household basket used to measure
Research the answers to the following questions by getting information from government sources.
1. What was included in the average household basket used to measure CPI in 1930?
2. Provide data on living standards in the US in 1930.
a. National literacy rate
b. Average educational level
c. Average life expectancy
d. Infant mortality rate e. Average household income
3. What was included in the average household basket used to measure CPI in 1940?
4. 4. Provide data on living standards in the US in 1940.
a. National literacy rate
b. Average educational level
c. Average life expectancy
d. Infant mortality rate
e. Average household income
5. What was included in the average household basket used to measure CPI in 1990?
6. What is included in the average household basket used to measure CPI today?
7. Provide data on living standards in the US today:
a. National literacy rate
b. Average educational level
c. Average life expectancy
d. Infant mortality rate
e. Average household income
8. When was a household computer added to the average household basket used to measure CPI?
9. List the components of PCE (personal consumption expenditures) metric that measures inflation (today)?
10. List the components of core CPI (today)?
11. Provide a summary of the process required to change the average household basket used to measure CPI.
12. Provide the date of when the first law passed to limit child labor in the US.
13. Provide the most recent data on world happiness- this is a rating that looks to compare how happy people are in different countries.
14. Provide the schedule of data release from the Bureau of Economic Analysis (BEA) for the months September through December 2022.
15. Provide the schedule of data release from the Bureau of Labor Statistics (BLS) for the months September through December 2022.
16. Provide the most recent official unemployment rates for each of the following countries:
a. United States
b. Canada
c. Germany
d. Spain
e. Netherlands
f. Turkey
g. UK
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