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Mathematics & Economics
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Homework. Locate the Bureau of Labor and Statistics website
Coursework Instructions:
Locate the Bureau of Labor and Statistics website; https://www(dot)bls(dot)gov/bls/proghome.htm
On this first page you will see reports on the following measurements of our US Economy;
- Consumer Price Index
- Producer Price Index
- Import/Export Price Index
- Consumer Expenditures Survey
Read the introductory page information, and click on a few of the direct links to view the latest reports -
Develop a brief overview of what you have found - do you feel the numbers are getting better? worse? what does each of these items indicate in the big picture? Indicate your thoughts for each of these topics in a brief summary of what you read and learned. How could you use this information in a business setting?
Coursework Sample Content Preview:
Student’s Name
Instructor’s Name
Course
Date
Economics Homework
The United States Department of Labor reports that the consumer price index (CPI) for all items remained unchanged as the decline in gasoline offset shelter increase. For the year ending September 2019, the increase in the food prices for all items less food and energy increased by 2.4%, a similar increase recorded the previous year. The CPI for All Urban Consumers (CPI-U) maintained a similar increase of 1.7% as the last year Producer Price Index (PPI)"; "CPI Increased 1.7 Percent"). Therefore, on average, the price of a basket of goods and services that consumers paid for the year ending September 2019 remained the same as the previous year.
The producer price (PPI) index for final demand declined 0.3% in September 2019. The prices for final demand goods fell 0.4%, and the prices for final demand services decreased by 0.2%. For 12 months that ended in September 2019, the final demand index rose 1.4% ("Producer Price Index (PPI)"). The final demand index increase of 1.4% for the year ending September 2019 indicates an increase in the cost of production for American producers...
Instructor’s Name
Course
Date
Economics Homework
The United States Department of Labor reports that the consumer price index (CPI) for all items remained unchanged as the decline in gasoline offset shelter increase. For the year ending September 2019, the increase in the food prices for all items less food and energy increased by 2.4%, a similar increase recorded the previous year. The CPI for All Urban Consumers (CPI-U) maintained a similar increase of 1.7% as the last year Producer Price Index (PPI)"; "CPI Increased 1.7 Percent"). Therefore, on average, the price of a basket of goods and services that consumers paid for the year ending September 2019 remained the same as the previous year.
The producer price (PPI) index for final demand declined 0.3% in September 2019. The prices for final demand goods fell 0.4%, and the prices for final demand services decreased by 0.2%. For 12 months that ended in September 2019, the final demand index rose 1.4% ("Producer Price Index (PPI)"). The final demand index increase of 1.4% for the year ending September 2019 indicates an increase in the cost of production for American producers...
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