Compute the HHPPS for the following cases.. Case 1: Year: 2014, 2014 federal bas

Question

Compute the HHPPS for the following cases..

Case 1: Year: 2014, 2014 federal base rate: $2869, HIPPS Code: 3CHPS

Case 2: Year: 2014, 2014 federal base rate: $2869, HIPPS Code: 4BFMT

Case 3: Year: 2014, 2014 federal base rate: $2869, HIPPS Code: 2BHKT

Case 4: Year: 2014, 2014 federal base rate: $2869, HIPPS Code: 5CFK2

HHPPS Examples Labor Related Share Portion 0.77082 2014 Federal Base rate $2,869 HIPPS Code or Case Mix Severity Weight (Positions 1-4) CY 2014 Payment Unadjusted Rate Labor Share Local Wage Index Non-labor share Adjusted Labor portion Nonlabor Portion Case-Mix Wage Adjusted Rate Supply Add-On TOTAL B * C D * E * F D * G H + I J + K 1AFKS 0.6080 $2,869 $1,744.49 0.77082 0.9448 0.22918 $1,270.46 $399.80 $1,670.27 0 $1,670.27 4CFMS 1.8575 $2,869 $5,329.59 0.77082 0.9448 0.22918 $3,881.38 $1,221.43 $5,102.82 0 $5,102.82

Explanation / Answer

a) Nominal GDP (NGDP) = Q x P

2013: 10 x $10 = $100

2014: 12 x $20 = $240

2015: 15 x $30 = $450

(b) Real GDP (RGDP) = Base year P x Current year Q

2013: 10 x $10 = $100

2014: 12 x $10 = $120

2015: 15 x $10 = $150

(c) Real growth rate = % Change in RGDP

2014: ($120 / 100) - 1 = 1.2 - 1 = 0.2 = 20%

2015: ($150 / $120) - 1 = 1.25 - 1 = 0.25 = 25%

(d) Inflation rate = % change in CPI

2014: (200 / 100) - 1 = 2 - 1 = 1 = 100%

2015: (300 / 200) - 1 = 1.5 - 1 = 0.5 = 50%

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