Consider the following data about the economy in two different years: median household income average price of a house cpi 1987 $26,100 $121,000 125 2007 $50,233 $217,900 205 the cpi in 2017 was 247. answer the following questions and round all answers to two decimal places. what was the inflation rate between 1987 and 2007? % calculate real median household income in 1987, measured in 2017 dollars: $ calculate real median household income in 2007, measured in 2017 dollars: $ calculate the real value of a house in 1987, measured in 2017 dollars: $ calculate the real value of a house in 2007, measured in 2017 dollars: $

Asmall town wants to build some new recreational facilities. the proposed facilities include a swimming pool, recreation center, basketball court and baseball field. the town council wants to provide the facilities which will be used by the most people, but they face budget and land limitations. the town has $400,000 and 14 acres of land. the pool requires locker facilities which would be in the recreation center, so if the swimming pool is built the recreation center must also be built. also, the council has only enough flat land to build the basketball court or the baseball field. the daily usage and cost of the facilities (in $1,000) are shown below. which facilities should they build? facilityusagecost ($1,000)landswimming pool4001002recreation center5002003basketball court3001504baseball field2001005

Crowding out is a phenomenon focused upon most by the macroeconomists of whereby a government deficit interest rates, which in turn private investment spending. this group also believed that fiscal policy is the only thing that can lower natural unemployment. is just as effective in countering recessions as monetary policy. can be used most of the time, but monetary policy becomes a better option when velocity is fluctuating. should be used only if the central bank follows a monetary policy rule. faces problematic lags in propagating changes throughout the economy.

Nicholas makes $2,000 per month. he spends $300 on credit card payments and $350 on an auto loan. what is his debt-to-income ratio? 17.5 percent 22 percent 2.7 percent 32.5 percent