This commit is contained in:
Rushil Umaretiya 2024-03-15 23:41:55 -04:00
parent 2fdf498e47
commit 6bd889d0f2
No known key found for this signature in database
GPG Key ID: 4E8FAF9C926AF959
5 changed files with 13 additions and 11 deletions

View File

@ -1,7 +1,7 @@
# Fdb version 4 # Fdb version 4
["pdflatex"] 1710038095 "/home/rushil/school/econ/pset3/pset3.tex" "pset3.pdf" "pset3" 1710038096 0 ["pdflatex"] 1710560444 "/home/rushil/school/econ/pset3/pset3.tex" "pset3.pdf" "pset3" 1710560445 0
"/etc/texmf/web2c/texmf.cnf" 1693368362 475 c0e671620eb5563b2130f56340a5fde8 "" "/etc/texmf/web2c/texmf.cnf" 1693368362 475 c0e671620eb5563b2130f56340a5fde8 ""
"/home/rushil/school/econ/pset3/pset3.tex" 1710038095 15565 c8b574531d1affa1e40599be33e39d34 "" "/home/rushil/school/econ/pset3/pset3.tex" 1710560445 15579 5b825581874c2cafc956998975543771 ""
"/usr/share/texlive/texmf-dist/fonts/map/fontname/texfonts.map" 1577235249 3524 cb3e574dea2d1052e39280babc910dc8 "" "/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/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/tcbx0700.tfm" 1136768653 1536 50f9b6c0f7870bc0862614b77b8f0f5a ""
@ -226,9 +226,9 @@
"/usr/share/texmf/web2c/texmf.cnf" 1681034085 39561 34c98e380bf7c7201ee6a7909aff625a "" "/usr/share/texmf/web2c/texmf.cnf" 1681034085 39561 34c98e380bf7c7201ee6a7909aff625a ""
"/var/lib/texmf/fonts/map/pdftex/updmap/pdftex.map" 1693368379 4623455 fa0568a71dd9a288d6c226ee477506c6 "" "/var/lib/texmf/fonts/map/pdftex/updmap/pdftex.map" 1693368379 4623455 fa0568a71dd9a288d6c226ee477506c6 ""
"/var/lib/texmf/web2c/pdftex/pdflatex.fmt" 1693368408 7880218 5644a8bb2704ddc1060e0c139ce5389a "" "/var/lib/texmf/web2c/pdftex/pdflatex.fmt" 1693368408 7880218 5644a8bb2704ddc1060e0c139ce5389a ""
"pset3.aux" 1710038096 1112 5c96f7210605135cced25d6c65fd4d54 "pdflatex" "pset3.aux" 1710560445 1112 5c96f7210605135cced25d6c65fd4d54 "pdflatex"
"pset3.out" 1710038096 582 193011347843b0bcc4127598f0692430 "pdflatex" "pset3.out" 1710560445 582 193011347843b0bcc4127598f0692430 "pdflatex"
"pset3.tex" 1710038095 15565 c8b574531d1affa1e40599be33e39d34 "" "pset3.tex" 1710560445 15579 5b825581874c2cafc956998975543771 ""
(generated) (generated)
"pset3.aux" "pset3.aux"
"pset3.log" "pset3.log"

View File

@ -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 21:34 This is pdfTeX, Version 3.141592653-2.6-1.40.24 (TeX Live 2022/Debian) (preloaded format=pdflatex 2023.8.30) 15 MAR 2024 23:40
entering extended mode entering extended mode
restricted \write18 enabled. restricted \write18 enabled.
file:line:error style messages enabled. file:line:error style messages enabled.
@ -665,7 +665,7 @@ Here is how much of TeX's memory you used:
1141 hyphenation exceptions out of 8191 1141 hyphenation exceptions out of 8191
102i,12n,104p,753b,609s stack positions out of 10000i,1000n,20000p,200000b,200000s 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}</usr/share/texlive/texmf-dist/fonts/type1/public/amsfonts/cm/cmbx10.pfb></usr/share/texlive/texmf-dist/fonts/type1/public/amsfonts/cm/cmbx12.pfb></usr/share/texlive/texmf-dist/fonts/type1/public/amsfonts/cm/cmbx9.pfb></usr/share/texlive/texmf-dist/fonts/type1/public/amsfonts/cm/cmex10.pfb></usr/share/texlive/texmf-dist/fonts/type1/public/amsfonts/cm/cmmi10.pfb></usr/share/texlive/texmf-dist/fonts/type1/public/amsfonts/cm/cmr10.pfb></usr/share/texlive/texmf-dist/fonts/type1/public/amsfonts/cm/cmr9.pfb></usr/share/texlive/texmf-dist/fonts/type1/public/amsfonts/cm/cmsl10.pfb></usr/share/texlive/texmf-dist/fonts/type1/public/amsfonts/cm/cmsy10.pfb></usr/share/texlive/texmf-dist/fonts/type1/public/amsfonts/cm/cmti12.pfb></usr/share/texmf/fonts/type1/public/cm-super/sfbx1000.pfb></usr/share/texmf/fonts/type1/public/cm-super/sfrm1000.pfb> {/usr/share/texmf/fonts/enc/dvips/cm-super/cm-super-ts1.enc}</usr/share/texlive/texmf-dist/fonts/type1/public/amsfonts/cm/cmbx10.pfb></usr/share/texlive/texmf-dist/fonts/type1/public/amsfonts/cm/cmbx12.pfb></usr/share/texlive/texmf-dist/fonts/type1/public/amsfonts/cm/cmbx9.pfb></usr/share/texlive/texmf-dist/fonts/type1/public/amsfonts/cm/cmex10.pfb></usr/share/texlive/texmf-dist/fonts/type1/public/amsfonts/cm/cmmi10.pfb></usr/share/texlive/texmf-dist/fonts/type1/public/amsfonts/cm/cmr10.pfb></usr/share/texlive/texmf-dist/fonts/type1/public/amsfonts/cm/cmr9.pfb></usr/share/texlive/texmf-dist/fonts/type1/public/amsfonts/cm/cmsl10.pfb></usr/share/texlive/texmf-dist/fonts/type1/public/amsfonts/cm/cmsy10.pfb></usr/share/texlive/texmf-dist/fonts/type1/public/amsfonts/cm/cmti12.pfb></usr/share/texmf/fonts/type1/public/cm-super/sfbx1000.pfb></usr/share/texmf/fonts/type1/public/cm-super/sfrm1000.pfb>
Output written on pset3.pdf (7 pages, 155062 bytes). Output written on pset3.pdf (7 pages, 155362 bytes).
PDF statistics: PDF statistics:
164 PDF objects out of 1000 (max. 8388607) 164 PDF objects out of 1000 (max. 8388607)
129 compressed objects within 2 object streams 129 compressed objects within 2 object streams

Binary file not shown.

Binary file not shown.

View File

@ -294,24 +294,26 @@ The Consumer Expenditure Survey finds that a typical consumer in the U.S. buys 1
\begin{enumerate}[(a)] \begin{enumerate}[(a)]
\item Using 2016 as the base year, what is the CPI in 2016? \item Using 2016 as the base year, what is the CPI in 2016?
The CPI in the base year is always \textbf{100}. \begin{align*}
\text{CPI in 2016} = \$60 + 7 \times 80 = 60 + 560 = \textbf{\$620}
\end{align*}
\item Using 2016 as the base year, what is the CPI in 2020? \item Using 2016 as the base year, what is the CPI in 2020?
\begin{align*} \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 = \textbf{147.42} \text{CPI in 2020} = \$70 + 9 \times 80 = 70 + 720 = \textbf{\$790}
\end{align*} \end{align*}
\item Calculate inflation between 2016 and 2020 \item Calculate inflation between 2016 and 2020
\begin{align*} \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 = \textbf{47.42\%} \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 = \frac{790}{620} \times 100 = \textbf{127.42}
\end{align*} \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? \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*} \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) = \textbf{\$14.74}\text{/hr} \text{New Wage} = \text{Old Wage} \times \left(1 + \frac{\text{Inflation}}{100}\right) = 10 \times \left(1 + \frac{27.42}{100}\right) = 10 \times 2.2742 = \textbf{\$12.74/hr}
\end{align*} \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? \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?