What are the four main ways in which the CPI is an upward-biased measure of the price level? The four main ways in which the CPI is an upward-biased measure of the price level are through . A. the new goods bias, the quality change bias, the commodity substitution bias, and the outlet substitution bias B. sales taxes, subsidies, quotas, and vouchers C. differences in wholesale and retail prices, differences in domestic and international prices, differences among various supply chain costs, and differences among wage rates in different states D. the intermediate goods bias, the bricks-and-mortar bias, the online bias, and the quality change bias Choose the correct statement. A. When the quality of a good improves over time, the CPI does not include the portion of the price rise attributable to the higher quality in its calculation. B. When confronted with higher prices comma people use discount stores more frequently and convenience stores less frequently comma but the CPI does not monitor this outlet substitution. C. The CPI calculation assumes that everyone shops at discount stores and no one shops at convenience stores.

Which of the following is an example of the use of fiscal policy by the u.s. government? a. congress makes it illegal for the police union to go on strike. b. the federal reserve bank lowers the interest rate on loans to corporations. c. the department of transportation increases spending on highway repairs. d. the supreme court rules that unions have the right to collective bargaining. 2b2t

Consider a small island country whose only industry is weaving. the following table shows information about the small economy in two different years. complete the table by calculating physical capital per worker as well as labor productivity. hint: recall that productivity is defined as the amount of goods and services a worker can produce per hour. in this problem, measure productivity as the quantity of goods per hour of labor. year physical capital labor force physical capital per worker labor hours output labor productivity (looms) (workers) (looms) (hours) (garments) (garments per hour of labor) 2024 160 40 1,800 14,400 2025 180 60 3,900 23,400

Eliminating entries (including goodwill impairment) and worksheets for various years on january 1, 2013, porter company purchased an 80% interest in the capital stock of salem company for$850,000. at that time, salem company had capital stock of $550,000 and retained earnings of $80,000.differences between the fair value and the book value of the identifiable assets of salem company were asfollows: fair value in excess of book valueequipment$130,000land65,000inventory40,000the book values of all other assets and liabilities of salem company were equal to their fair values onjanuary 1, 2013. the equipment had a remaining life of five years on january 1, 2013. the inventory was sold in2013.salem company’s net income and dividends declared in 2013 and 2014 were as follows: year 2013 net income of $100,000; dividends declared of $25,000year 2014 net income of $110,000; dividends declared of $35,000required: a.prepare a computation and allocation schedule for the difference between book value of equity acquired andthe value implied by the purchase price.b.present the eliminating/adjusting entries needed on the consolidated worksheet for the year endeddecember 31, 2013. (it is not necessary to prepare the worksheet.)lo6lo1