diff --git a/pset3/pset3.fdb_latexmk b/pset3/pset3.fdb_latexmk index cd7f1ac..198c8f9 100644 --- a/pset3/pset3.fdb_latexmk +++ b/pset3/pset3.fdb_latexmk @@ -1,8 +1,11 @@ # Fdb version 4 -["pdflatex"] 1710037918 "/home/rushil/school/econ/pset3/pset3.tex" "pset3.pdf" "pset3" 1710037919 0 +["pdflatex"] 1710038095 "/home/rushil/school/econ/pset3/pset3.tex" "pset3.pdf" "pset3" 1710038096 0 "/etc/texmf/web2c/texmf.cnf" 1693368362 475 c0e671620eb5563b2130f56340a5fde8 "" - "/home/rushil/school/econ/pset3/pset3.tex" 1710037918 15508 e83a12f324191fa7e8888c6896a98a8e "" + "/home/rushil/school/econ/pset3/pset3.tex" 1710038095 15565 c8b574531d1affa1e40599be33e39d34 "" "/usr/share/texlive/texmf-dist/fonts/map/fontname/texfonts.map" 1577235249 3524 cb3e574dea2d1052e39280babc910dc8 "" + "/usr/share/texlive/texmf-dist/fonts/tfm/jknappen/ec/tcbx0500.tfm" 1136768653 1536 1af62ec3f6992ddcd10a9f54fb1a504a "" + "/usr/share/texlive/texmf-dist/fonts/tfm/jknappen/ec/tcbx0700.tfm" 1136768653 1536 50f9b6c0f7870bc0862614b77b8f0f5a "" + "/usr/share/texlive/texmf-dist/fonts/tfm/jknappen/ec/tcbx1000.tfm" 1136768653 1536 30fde759286ded71559881bfa2623939 "" "/usr/share/texlive/texmf-dist/fonts/tfm/jknappen/ec/tcrm1000.tfm" 1136768653 1536 e07581a4bb3136ece9eeb4c3ffab8233 "" "/usr/share/texlive/texmf-dist/fonts/tfm/public/amsfonts/cmextra/cmex7.tfm" 1246382020 1004 54797486969f23fa377b128694d548df "" "/usr/share/texlive/texmf-dist/fonts/tfm/public/amsfonts/cmextra/cmex8.tfm" 1246382020 988 bdf658c3bfc2d96d3c8b02cfc1c94c20 "" @@ -14,6 +17,8 @@ "/usr/share/texlive/texmf-dist/fonts/tfm/public/amsfonts/symbols/msbm7.tfm" 1246382020 940 228d6584342e91276bf566bcf9716b83 "" "/usr/share/texlive/texmf-dist/fonts/tfm/public/cm/cmbx10.tfm" 1136768653 1328 c834bbb027764024c09d3d2bf908b5f0 "" "/usr/share/texlive/texmf-dist/fonts/tfm/public/cm/cmbx12.tfm" 1136768653 1324 c910af8c371558dc20f2d7822f66fe64 "" + "/usr/share/texlive/texmf-dist/fonts/tfm/public/cm/cmbx5.tfm" 1136768653 1332 f817c21a1ba54560425663374f1b651a "" + "/usr/share/texlive/texmf-dist/fonts/tfm/public/cm/cmbx7.tfm" 1136768653 1336 3125ccb448c1a09074e3aa4a9832f130 "" "/usr/share/texlive/texmf-dist/fonts/tfm/public/cm/cmbx9.tfm" 1136768653 1328 5442e22a7072966dbaf88ca900acf3f0 "" "/usr/share/texlive/texmf-dist/fonts/tfm/public/cm/cmex10.tfm" 1136768653 992 662f679a0b3d2d53c1b94050fdaa3f50 "" "/usr/share/texlive/texmf-dist/fonts/tfm/public/cm/cmmi12.tfm" 1136768653 1524 4414a8315f39513458b80dfc63bff03a "" @@ -216,13 +221,14 @@ "/usr/share/texlive/texmf-dist/tex/latex/xcolor/xcolor.sty" 1655066402 56148 51a9a8571c07b9921892ae11063ae853 "" "/usr/share/texlive/texmf-dist/web2c/texmf.cnf" 1681034085 39561 34c98e380bf7c7201ee6a7909aff625a "" "/usr/share/texmf/fonts/enc/dvips/cm-super/cm-super-ts1.enc" 1636152094 2900 1537cc8184ad1792082cd229ecc269f4 "" + "/usr/share/texmf/fonts/type1/public/cm-super/sfbx1000.pfb" 1636152094 145408 43d44302ca7d82d487f511f83e309505 "" "/usr/share/texmf/fonts/type1/public/cm-super/sfrm1000.pfb" 1636152094 138258 6525c253f16cededa14c7fd0da7f67b2 "" "/usr/share/texmf/web2c/texmf.cnf" 1681034085 39561 34c98e380bf7c7201ee6a7909aff625a "" "/var/lib/texmf/fonts/map/pdftex/updmap/pdftex.map" 1693368379 4623455 fa0568a71dd9a288d6c226ee477506c6 "" "/var/lib/texmf/web2c/pdftex/pdflatex.fmt" 1693368408 7880218 5644a8bb2704ddc1060e0c139ce5389a "" - "pset3.aux" 1710037919 1112 5c96f7210605135cced25d6c65fd4d54 "pdflatex" - "pset3.out" 1710037919 582 193011347843b0bcc4127598f0692430 "pdflatex" - "pset3.tex" 1710037918 15508 e83a12f324191fa7e8888c6896a98a8e "" + "pset3.aux" 1710038096 1112 5c96f7210605135cced25d6c65fd4d54 "pdflatex" + "pset3.out" 1710038096 582 193011347843b0bcc4127598f0692430 "pdflatex" + "pset3.tex" 1710038095 15565 c8b574531d1affa1e40599be33e39d34 "" (generated) "pset3.aux" "pset3.log" diff --git a/pset3/pset3.fls b/pset3/pset3.fls index 59a4ba4..df09f10 100644 --- a/pset3/pset3.fls +++ b/pset3/pset3.fls @@ -1001,8 +1001,13 @@ INPUT /usr/share/texlive/texmf-dist/fonts/tfm/public/amsfonts/symbols/msbm10.tfm INPUT /usr/share/texlive/texmf-dist/fonts/tfm/public/amsfonts/symbols/msbm7.tfm INPUT /usr/share/texlive/texmf-dist/fonts/tfm/public/amsfonts/symbols/msbm5.tfm INPUT /usr/share/texlive/texmf-dist/fonts/tfm/public/cm/cmbx10.tfm +INPUT /usr/share/texlive/texmf-dist/fonts/tfm/public/cm/cmbx7.tfm +INPUT /usr/share/texlive/texmf-dist/fonts/tfm/public/cm/cmbx5.tfm INPUT /usr/share/texlive/texmf-dist/fonts/tfm/public/cm/cmsl10.tfm INPUT /usr/share/texlive/texmf-dist/fonts/tfm/jknappen/ec/tcrm1000.tfm +INPUT /usr/share/texlive/texmf-dist/fonts/tfm/jknappen/ec/tcbx1000.tfm +INPUT /usr/share/texlive/texmf-dist/fonts/tfm/jknappen/ec/tcbx0700.tfm +INPUT /usr/share/texlive/texmf-dist/fonts/tfm/jknappen/ec/tcbx0500.tfm INPUT pset3.aux INPUT ./pset3.out INPUT ./pset3.out @@ -1017,4 +1022,5 @@ INPUT /usr/share/texlive/texmf-dist/fonts/type1/public/amsfonts/cm/cmr9.pfb INPUT /usr/share/texlive/texmf-dist/fonts/type1/public/amsfonts/cm/cmsl10.pfb INPUT /usr/share/texlive/texmf-dist/fonts/type1/public/amsfonts/cm/cmsy10.pfb INPUT /usr/share/texlive/texmf-dist/fonts/type1/public/amsfonts/cm/cmti12.pfb +INPUT /usr/share/texmf/fonts/type1/public/cm-super/sfbx1000.pfb INPUT /usr/share/texmf/fonts/type1/public/cm-super/sfrm1000.pfb diff --git a/pset3/pset3.log b/pset3/pset3.log index f528f1b..f1ac4c4 100644 --- a/pset3/pset3.log +++ b/pset3/pset3.log @@ -1,4 +1,4 @@ -This is pdfTeX, Version 3.141592653-2.6-1.40.24 (TeX Live 2022/Debian) (preloaded format=pdflatex 2023.8.30) 9 MAR 2024 21:31 +This is pdfTeX, Version 3.141592653-2.6-1.40.24 (TeX Live 2022/Debian) (preloaded format=pdflatex 2023.8.30) 9 MAR 2024 21:34 entering extended mode restricted \write18 enabled. file:line:error style messages enabled. @@ -657,18 +657,18 @@ Package rerunfilecheck Info: File `pset3.out' has not changed. (rerunfilecheck) Checksum: 193011347843B0BCC4127598F0692430;582. ) Here is how much of TeX's memory you used: - 32453 strings out of 476091 - 765043 string characters out of 5794081 + 32463 strings out of 476091 + 765148 string characters out of 5794081 1863330 words of memory out of 5000000 - 52274 multiletter control sequences out of 15000+600000 - 522099 words of font info for 69 fonts, out of 8000000 for 9000 + 52279 multiletter control sequences out of 15000+600000 + 523743 words of font info for 74 fonts, out of 8000000 for 9000 1141 hyphenation exceptions out of 8191 102i,12n,104p,753b,609s stack positions out of 10000i,1000n,20000p,200000b,200000s -{/usr/share/texmf/fonts/enc/dvips/cm-super/cm-super-ts1.enc} -Output written on pset3.pdf (7 pages, 145711 bytes). +{/usr/share/texmf/fonts/enc/dvips/cm-super/cm-super-ts1.enc} +Output written on pset3.pdf (7 pages, 155062 bytes). PDF statistics: - 159 PDF objects out of 1000 (max. 8388607) - 126 compressed objects within 2 object streams + 164 PDF objects out of 1000 (max. 8388607) + 129 compressed objects within 2 object streams 39 named destinations out of 1000 (max. 500000) 61 words of extra memory for PDF output out of 10000 (max. 10000000) diff --git a/pset3/pset3.pdf b/pset3/pset3.pdf index 5a7ce58..f193d6f 100644 Binary files a/pset3/pset3.pdf and b/pset3/pset3.pdf differ diff --git a/pset3/pset3.synctex.gz b/pset3/pset3.synctex.gz index 14929df..71715e3 100644 Binary files a/pset3/pset3.synctex.gz and b/pset3/pset3.synctex.gz differ diff --git a/pset3/pset3.tex b/pset3/pset3.tex index 8b5d0e6..c480b11 100644 --- a/pset3/pset3.tex +++ b/pset3/pset3.tex @@ -129,12 +129,12 @@ The Federal Reserve Economic Data (FRED) database is one of the best sources for \begin{align*} \text{Real GDP per capita growth} &= \frac{\text{Real GDP per capita in 2023} - \text{Real GDP per capita in 1947}}{\text{Real GDP per capita in 1947}} \\ - \text{Real GDP per capita growth} &= \frac{67,483 - 15,248}{15,248} \times 100 = 342.6\% + \text{Real GDP per capita growth} &= \frac{67,483 - 15,248}{15,248} \times 100 = \textbf{342.6\%} \end{align*} \begin{align*} \text{Real GDP per capita fall} &= \frac{\text{Real GDP per capita in 2020 Q2} - \text{Real GDP per capita in 2020 Q1}}{\text{Real GDP per capita in 2020 Q1}} \\ - \text{Real GDP per capita fall} &= \frac{57,383 - 62,333}{62,333} \times 100 = -7.9\% + \text{Real GDP per capita fall} &= \frac{57,383 - 62,333}{62,333} \times 100 = \textbf{-7.9\%} \end{align*} \item Find the unemployment rate data series on FRED. What is the highest recorded unemployment rate in U.S. history, and when @@ -299,19 +299,19 @@ The Consumer Expenditure Survey finds that a typical consumer in the U.S. buys 1 \item Using 2016 as the base year, what is the CPI in 2020? \begin{align*} - \text{CPI} = \frac{\text{Cost of Basket in 2020}}{\text{Cost of Basket in 2016}} \times 100 = \frac{70 + 9 \times 80}{60 + 7 \times 80} \times 100 = 147.42 + \text{CPI} = \frac{\text{Cost of Basket in 2020}}{\text{Cost of Basket in 2016}} \times 100 = \frac{70 + 9 \times 80}{60 + 7 \times 80} \times 100 = \textbf{147.42} \end{align*} \item Calculate inflation between 2016 and 2020 \begin{align*} - \text{Inflation} = \frac{\text{CPI in 2020} - \text{CPI in 2016}}{\text{CPI in 2016}} \times 100 = \frac{147.42 - 100}{100} \times 100 = 47.42\% + \text{Inflation} = \frac{\text{CPI in 2020} - \text{CPI in 2016}}{\text{CPI in 2016}} \times 100 = \frac{147.42 - 100}{100} \times 100 = \textbf{47.42\%} \end{align*} \item If you were making \$10/hr in 2016, how much would you have to make in 2020 for your purchasing power to remain constant, given our inflation estimate? \begin{align*} - \text{New Wage} = \text{Old Wage} \times \left(1 + \frac{\text{Inflation}}{100}\right) = 10 \times \left(1 + \frac{47.42}{100}\right) = 14.74 + \text{New Wage} = \text{Old Wage} \times \left(1 + \frac{\text{Inflation}}{100}\right) = 10 \times \left(1 + \frac{47.42}{100}\right) = \textbf{\$14.74}\text{/hr} \end{align*} \item \textbf{(2 Points)} If we wanted to calculate inflation accurately, what are some shortcomings of using the CPI that we constructed in this problem?