Question
To find current data for inflation and unemployment, please visit the Bureau of Labor Statistics web page at www.bls.gov. On the right side of the
To find current data for inflation and unemployment, please visit the Bureau of Labor Statistics web page at www.bls.gov. On the right side of the home page is a column with "Latest Numbers". a. Click on the chart icon next to "Unemployment Rate". What is the current rate of unemployment? How has the unemployment rate changed since 2012? b. Going back to the home page, click on the chart icon next to "Consumer Price Index". What is the current rate of inflation as measured by the CPI? What have been the trends in inflation since 2012? c. Going back to the home page, click on "Subjects" and the "Consumer Price Index". Then click on "About CPI > Overview" and answer the following questions: i. What are the major groups (categories) of consumer expenditures that are included in the CPI? ii. What prices are included in the CPI? iii. What are three ways in which the CPI is used?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started