Inaccuracies of the Consumer Price Index (CPI)
The Consumer Price Index is a measure of the prices of a fixed market basket of some 300 consumer goods and services purchased by a "typical" urban consumer. The 1982-1984 period serves as the base period so analysts can compare other year's changes with this base period. The composition of the market basket is fixed in the base period and is assumed not to change from one period to another. The reason for the assumption is because the CPI measures the costliness of a constant standard of living. Critics claim that the CPI is inaccurate because it overstates the increases in the cost of living. For this reason, the CPI has been said to be inaccurate.
First, consumers do change their spending patterns. Even though the composition off the market basket is assumed not to change, it does because consumers change their spending patterns. Because consumers substitute lower priced products in lieu of higher priced ones, the weight has shifted. The CPI assumes that this does not occur and therefore it overcompensates the standard of living.
Secondly, because the base period was over a decade ago, the quality of the products has increased significantly, and therefore the prices should be higher. The CPI, however, assumes that the increases in prices is a result of inflation rather than quality improvements which is false. Here also, the CPI overstates the rate of inflation.
Many consumers do not mind the overcompensation of the CPI because in most cases it means more money in their pockets, but there are some consequences.
This may cause an ongoing inflation trend. The reason why the government does not restrict it is because they are worried about getting re-elected. Even if the President does call for a revision of the CPI, Congress would defeat it to keep their positions.
Another consequence of the overstated CPI involves the adjustment of tax brackets. Their intent of indexing is to prevent inflation to cause people to be placed into a higher tax bracket. For example, if your income increases by 10%, that may put you in a higher level tax bracket, but if product prices have also
UK economy goes through difference series of pattern with booms to slumps. Every business does well in the time period of boom and most businesses collapse in the time period of slump or recession. Other economy changes that have influence on ASDA are interest rate, wage rate and inflation rate.
If the government changes the way they spend the budget, then they can change the way our government is ran. According to document C we spend 83% of the budget on “The Big Five”, which are the five main categories in the budget.We need to take 10%
In order to run more efficiently, there are certain responsibilities that Congress has given to the President over time. But that doesn’t mean Congress is losing any power or authority. It just means that they are giving up a responsibility that they don’t need. One of these responsibilities that were given to the President is the raising and lowering of tariffs. When it came to this issue, Congress can’t act decisively on its own. So even though Congress appropriates funds, they gave the President this fiscal responsibility. Again I want to stress that they didn’t lose any authority or power because of this. All they lost was a responsibility that they no longer have to worry about as it’s the President’s responsibility now. Still, the president has no authority or power regarding this issue. However, when he was given this fiscal responsibility, Congress also gave him staff assistance in the form of the Bureau of the Budget. This department helps the President make up the budget he wants to propose.
The outcome of the lottery can be subtly be prophesied because Jackson’s placement of symbolic characters throughout the text. Any character, major or minor, whose very existence represents the main idea or an aspect of society is symbolic. “Old Man Warner warns us about the primordial
Yarmove, Jay A. “Jackson’s ‘The Lottery’.” The Explicator 52 (1994): 234-44. Rpt. in Jay A. Yormove on Symbolism in the Story. Bloom’s Major Short Story Writers. Ed. Harold Bloom. Broomall: Chelsea, 2001. 41-42. Print.
This component is a good way to cut down on discretionary spending and save the country billions of dollars but it will a lot hurt the economy in a lot of ways. We need to elaborate on the reform, and not completely ignore the reform like Obama has been doing for the last three years.
Sickler, Melvin. "Should Congress Increase The Federal Minimum Wage And Index It To Inflation? (Cover Story)." Congressional Digest 92.5 (2013): 19. MasterFILE Premier. Web. 22 Nov. 2013
The opening paragraphs of the story contain a light and carefree tone with phrases such as, “The morning… was clear and sunny, with the fresh warmth of a full-summer day” (1) and “the children assembled first…they broke into boisterous play” (1). Jackson does not lead the reader to think that the anything sinister is going to occur. However once the narration moves from the children to the adults the first hint of something other than lighthearted small town excitement is perceived; “The men… stood together…their jokes were quiet, and they smiled rather than laughed” (2). The story proceeds to give some backstory on the lottery unless Mr. Summers gets ready to begin and “A sudden hush fell on the crowd” (3), at the point the reader is more than a little dubious that the lottery is something one wants to win. As Mr. Summers begins the crowd is described as “quiet”, “not looking around”, and “grave”, the subtle change in tone as the names continue to be drawn creates a mounting sense of apprehension until Mr. Summers calls the last time and there is “a long pause...
The names of each character hold significant meanings in the lottery. Jackson uses symbolic names to specify and suggest what will come to be after the lottery is played out. Yarmove states … Old Man Warner warns us about the primordial function of the lottery, which is to ensure fertility: "Used to be a saying about 'Lottery in June, corn be heavy soon'". Mrs. Delacroix's name alludes to the pseudo-crucifixion of Tessie…”(Yarmove) “Summers” (Jackson,540 ) is the sir name of the conductor of the Lottery. The lottery happens during summer, and Mr. Summer’s assistant is “Mr. Graves” (Jackson, 540). This hints that there will be a “Grave” during “summer”. The author uses names to predict the winner’s prize: a violent stoning from the townspeople.
The result is obvious, an increase in sales which can translate into an increase in profitability.
...ontains characters that highlight the message of the story and relate to readers. Additionally, the characters have traits that confirm Jackson’s success in writing Horror stories. She creates Old Man Warner, Tess, and the women to fulfill these roles. Short stories come alive based on character choice, and Shirley Jackson’s “The Lottery” is no different. “The Lottery” will haunt all readers based off character influences and true to life traits.
actually consists of in this short story. At the onset of the story, Jackson uses the peaceful setting to confuse the reader as to the violent event that occurs. She continues to obscure what is actually going on in each character’s mind by writing in the third person with an objective view. The rising action that develops throughout the story continues to confuse the reader until which point the shocking ending is revealed. The unexpected harsh stoning of the winner in this short story is not what one expects when they begin to read “The Lottery”.
Among the billions of social media users, there is a percentage dedicated to businesses who use social media as part of their marketing strategy. The sheer number of people who use services like Facebook and Instagram on a daily
Social media marketing is a new trend of marketing where different Businesses have taken to social media sites to market and promote old and existing products and brands or create more awareness of their new products. Facebook and Twitter are the two most well known sites where firms market and promote themselves. Over one billion users worldwide use both sites everyday; from averages Joe’s to famous celebrities. Such is the power of each social media site that one post can make or break you.
Technology has, since the primitive years, always been used to invent tools in order to solve problems. This would, in turn, simplify and make man’s life easier. Through advancements in the field, man has become more efficient on both the macro- and microscopic level. Anything nowadays can be attained with either the flip of a switch or a click of a mouse. One particular technology that came about in this time was the smartphone. Since 2008, the smartphone, a device that combines a normal cell phone with a computer, typically offering Internet access, data storage, e-mail capability, etc. all in your hand was deemed as ground-breaking technology and created one of the largest and most competitive market in terms of technology to date. Their increased popularity continued to grow and today, it is very hard to encounter someone without a smartphone. These devices allow people to disconnect from reality and grant them access to the world as a whole. People use these devices to manage their daily routine, dictating what they should do and when they should do it. The capabilities of this device had been unheard of before their time. However, is there more to this technology than what has been made aware to their owners? We have become overly obsessed with these devices that it has impacted our humanity – our interaction with others and society. Since its upbringing, the invention of the smartphone has come to negatively reinvent the way people go about their daily lives because we have become detached from society, let these smartphones govern our lives, and have become obsessed with these devices.