Description
Purpose of Assignment
This assignment will introduce students to the U.S. Department of Labor's Bureau of Labor Statistics (BLS) data and provide students with the skills to calculate inflation and interpret the Consumer Price Index (CPI). Note: The BLS is the primary source of information on inflation, but their data is re-posted in other sources, such as the St. Louis Federal Reserve FRED site, among others.
Assignment Steps
Resources: Tutorial help on Excel® and Word functions can be found on the Microsoft®Office website. There are also additional tutorials via the web offering support for Office products.
Use an internet search or the University Library to locate information on the Consumer Price Index (CPI). Internet sites you might find useful include the Bureau of Labor Statistics (BLS) and the Federal Reserve of St. Louis FRED web site although you are allowed to use other sources.
Develop a minimum 700-word analysis of inflation by including the following:
- Choose a product or service you currently consume/use, such as apparel or educational services, that is included in the CPI's "market basket." Find the annual CPI index numbers for your chosen good or service for the years 1995, 2005, 2010, and 2015. Enter those index numbers in an Excel® file and calculate the percent change (inflation rates) in those index numbers from 1995 to 2005, from 1995 to 2010, and from 1995 to 2015.
- Analyze the trends in overall inflation over the last five years and whether your income has kept pace with inflation. How has inflation over the last five years affected you and/or your family?
- Discuss how a business manager, such as a human resources manager, might use CPI statistics.
Cite a minimum of three scholarly, peer-reviewed references.
Format your paper consistent with APA guidelines.
Explanation & Answer
Hi,Please find answer to ppt with the excel sheet as required.
Effectiveness of the CounterCyclical Policies
NAME
UNIVERSITY OF PHOENIX
COURSE NAME
JULY 08,2017
Housing Market Prior to Recession
Economic Forces
Sub prime loan
Poor Risk Review
Defective Mortgage securities
Erroneously Issued Credit
Housing Market Prior to Recession
Sociological Forces
Over-spending
Over borrowing
Misunderstood Mortgages
Inflated home equity
Changes in Supply and Demand
Law of Demand and Supply affects the housing market and price of
a house.
The equilibrium price of the housing property is well explained by the
law of demand and supply because of the presence of buyer and
seller involved in transaction.
Increase in price of house will be due to increase in demand.
Changes in supply of the housing market affects the demand of the
market.
Changes in Supply and Demand
Figure showing Real Median Income of US people
Changes in Supply and Demand
Figure Shows Changes in House Price index from Dec 2007 till present
Changes in Supply and Demand
(Unemployment Rate)
Figure shows the civilian unemployment rate
Changes in Supply and Demand
Sales of Home in thousands from 2005 till 2009
SALES OF HOME IN THOUSANDS
1,400
1,200
1,283
1,051
Axis Title
1,000
800
600
400
776
485
375
323
306
368
429
437
501
561
200
0
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Axis Title
Prior Government Policies
Mortgage Interest Deduction
Fixed-Rate Mortgage
Refinance a Mortgage
...