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Wright State University Supplemental Nutrition Assistance Program Paper

This Writing HW 5 is 3 pages long (4 big questions).(1) Determine whether each family is qualified for food stamps program (Supplemental
Nutrition Assistance Program, SNAP), and (2) calculate monthly benefit if so

Deokrye Baek
EC2900-05
Writing HW5
Writing HW 5
Those who did not do Writing HW4, please make sure to complete Writing HW4 in
addition to Writing HW5.
If you prefer, you can turn in the written paper for questions #1 and #2 of Writing HW 5
on Oct 8 (Tuesday).
This Writing HW5 is 3 pages long (4 big questions).
Due date: 11:59 PM Oct-6 (Sunday)
Please upload your homework to the dropbox in the “Homework” module in Pilot.
You should upload 2 files (word document or PDF for #1, #2, #4; and an excel file for #3):
1. In Wonderland, there are only 2 goods: pizza and soft drinks. The following table shows the prices
and quantities produced of these goods in 2000 and 2005.
2000
2005
Price
Quantity
Price
Quantity
Pizza
1.00
50
1.2
35
Soft drinks
5.00
40
4.00
55
a) What is the price of market basket for year 2000? (2pts)
(Show your calculation: do not just write down the answer)
b) What is the price of market basket for year 2005? (2pts)
(Show your calculation: do not just write down the answer)
c) The base year is 2000. What is CPI in the year 2000? (2pts)
d) Compute CPI in 2005 using 2000 as the base year. (2pts)
(Show your calculation: do not just write down the answer)
e) What is the inflation rate over the five years? (2pts)
(Show your calculation: do not just write down the answer)
f) Let’s say the government in Wonderland decides to produce an apple in 2005 and set the
price as $2 per pound. Then, what would be the price of the apple in the cost of year 2000?
(4pts) (Show your calculation: do not just write down the answer)
1
Deokrye Baek
EC2900-05
Writing HW5
2. Based on the following data for the country of Tiny Town,
Working age population at or above 16 years old= 100
Labor force = 80
Number of employed persons = 70
a) How many people are outside the labor force? (1pt)
b) Calculate labor force participation rate. (2pts)
(Show your calculation: do not just write down the answer)
c) How many people are unemployed and looking for jobs? (1pt)
d) Calculate unemployment rate. (2 pts)
(Show your calculation: do not just write down the answer)
3. Download the excel file, “for Writing HW 5 – Figure 7-1 nominal GDP vs. real GDP” uploaded in
the Excel module on Pilot,
a) Fill the Column-C. (5pts)
Use the formula below:
=

× 100
Real GDP
b) Duplicate nominal GDP vs. real GDP since 1990 on page 4 of lecture note 7. (5pts)
2
Deokrye Baek
EC2900-05
Writing HW5
4. Article: “Are Emily and Greg More Employable Than Lakisha and Jamal? A Field Experiment on
Labor Market Discrimination” (American Economic Review, 2004) by Bertrand and Mullainathan,
which is uploaded in “Papers” module on Pilot.
(Please write in your own words. When caught with plagiarizing including copying someone else’s work,
you will get zero point and reported to the department chair.)
Read the parts listed below.

II. Experimental Design: “A. Creating a Bank of Resumes” on page 994 through “D. Measuring
Responses” on 996

III. Results:
The first paragraph of “A. Is There a Racial Gap in Callback?” (The last paragraph on page 997
through the first paragraph on page 998).
a) Briefly summarize their experiment. (20 pts)
b) Briefly summarize their findings. (20 pts)
c) What do you think about their findings? Provide your opinions. (20 pts)
3
Deokrye Baek
EC2900-05
Writing HW4
Writing HW 4
If you prefer, you can submit Writing HW4 and Writing HW5 together until
midnight of Oct 6th.
Due date: 11:59 PM Sep 29-Sunday
Please upload your homework to the dropbox in the “Homework” module in Pilot.
You should upload 1 file (word document or PDF):
1. (1) Determine whether each family is qualified for food stamps program (Supplemental
Nutrition Assistance Program, SNAP), and (2) calculate monthly benefit if so.
Net and Gross Income Limits for Food Stamps, and Maximum Monthly Allotments
Household Size
Net Income
Gross Income
Maximum Benefit
1
$ 1,005
$ 1,307
$ 192
2
$ 1,354
$ 1,760
$ 352
3
$ 1,702
$ 2,213
$ 504
4
$ 2,050
$ 2,665
$ 640
5
$ 2,399
$ 3,118
$ 760
6
$ 2,747
$ 3,571
$ 913
7
$ 3,095
$ 4,024
$ 1,009
8
$ 3,444
$ 4,477
$ 1,153
a) A family of a father, a stay-at-home mother, and two children; Father’s sole income is
2,000$ (net-income) and 2,500 (gross-income). (5pts)
b) A family where there are single mother, earnings of $1,703 (net income) and $2,200
(gross income), and 2 children. (5pts)
c) A family with elderly grandmother (65 years old) and one child; its net income is
$1,000 and gross income is $1,500. (5pts)
2. Explain why an economist would focus on real GDP rather than nominal GDP. (5 pts)
Deokrye Baek
EC2900-05
Writing HW4
3. GDP dost not include the value of leisure. Explain why it is important to consider leisure for
GDP calculation? (5pts)
4. Producing a good at a substantial environmental cost would make us worse off but real GDP
would rise. Discuss the tradeoff with any example. (5 pts)

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