Macroeconomics | Homework #4 (Ch. 16)
1. What exactly does the CPI measure?
According to Investopedia.com, the Consumer Price Index (CPI) is a measure that
examines the weighted average of prices of a basket of consumer goods and
services, such as trans
MACROECONOMICS | MODULE 1 HOMEWORK (Ch. 14 A; pp. 370-381)
1. Explain the difference between the study of microeconomics and the
study of macroeconomics.
MICRO meaning small, focuses on economics on an individual level, as
a group, or a company and things
MACROECONOMICS | MODULE 2 HOMEWORK (CH. 14B pg. 383-390)
1. Referring to Figure 14.3 above, explain what is occurring in the years 2008-2010 and
then in 2005-2007 in terms of real GDP and potential.
2008-2010: From 2008-2009 was the recession,
MACROECONOMICS | MODULE 3 HOMEWORK QUESTIONS
1. The participation of women in the labor force has been on the rise since 1960. Identify 2
specific reasons for this.
More women pursued a college education and so increased their earning power.