(FRED Median Income and BLS CPI) In 2006, the median household income in the US was $48,200. Today the median household income is $80,610. If the CPI in 2006 was 201.8 and the CPI today is 315.605, calculate the inflation-adjusted median household income from 2006 in today’s dollars. Round your answers to the nearest cent. Has the real median household income increased, decreased, or stayed the same since 2006? Median Household Income2006 in today’s dollars = $ The real median household income has since 2006.

Inflation is not a problem if it creates uncertainty over future prices (along with other possible deleterious effects).

The reason economists measure the total output of an economy is to measure the overall level of prices. 

Government salaries paid to police officers are included in the __________ category of GDP.

Consider the above table, 2023 World Bank GDP for the United States. What can we conclude about economic growth in the United States for the last 17 years?

(Table: 2023 World Bank GDP) Consider the following table. Fill in the blanks, round your answers to the nearest cent (or hundredth). Nominal GDP(Millions) Real GDP(Millions) Price Level Population(Thousands) Real GDPper capita United States $27,720,709.00 $22,062,578.28 125.65 334,914.90 $65,875.18 Australia $1,728,057.32 $ 105.26 26,658.95 $61,583.91 South Korea $1,712,792.85 $1,764,487.37 97.07 51,712.62 $ France $3,051,831.61 $2,671,234.71 114.25 68,287.49 $39,117.48 India $3,567,551.67 $ 110.93 1,438,069.60 $2,236.31 Argentina $646,075.28 $588,959.51 45,538.40 $

Our information for this class has shown you which research citation style is required for citing sources you use when giving a prepared speech?

As part of good extemporaneous public speaking, you should use a rhetorical question as an opening statement as a means to:

INSTRUCTIONS: Choose the correct word to complete each sentence.   The sisters look very similar, but Sara is a bit taller than Ellen and has _______________darker hair

INSTRUCTIONS: Determine which underlined elements of sentences are wordy or redundant.   Because it was quite difficult to hear anything clearly above the noise, she asked me to repeat the instructions again.