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Alexxx [7]
2 years ago
8

A change in the dollar value of the british pound from $1. 60 to $1. 50 represents.

Business
1 answer:
irina [24]2 years ago
3 0

Answer:

inflation

Eplanation:

.

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Suppose Congress is considering raising the top federal marginal tax rate from 35% to 40%. Senator Jones believes the elasticity
KIM [24]

Answer:

Explanation:

Solution-

According to Senator Jones, the elasticity of taxable income is larger, which means that due to a certain percentage rise in taxes, the taxable income rises by a greater percentage. Also, according to Senator Smith, the elasticity of taxable income is small, which means that due to a certain percentage rise in taxes, the taxable income rises by a smaller percentage.

(I) Under Senator Jones assumptions, due to rise in taxes, the taxable income has risen considerably as compared to Senator Smith assumptions. Thus the estimates of additional revenue from the tax increase will be larger under Senator Jones assumptions, compared to Smith's assumptions.

(ii) Since under Senator Jones assumptions, elasticity of taxable income is large. So due to rise in taxes, there is a significant proportional rise in taxable income under Jone's assumptions compared to Senator Smith assumptions. Thus the costs of the tax increase is borne more under Senator Jones assumptions , compared to Smith's assumptions.

3 0
3 years ago
After graduating with his MBA and returning from his trip to find no shoes from
lukranit [14]

Answer:

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4 0
3 years ago
What interest is paid for three months on $960 at 2 74% annual interest paid quarterly?​
3241004551 [841]

Answer:

$6.64

Explanation:

The applicable formula

A = p x ( 1+ r)^ n

A =amount after 3 months

p=principal amount: $960

r = interest rate : 2.74% per year or 2.74/12 per month =0.23% or 0.0023

n = 3 month

A = $960 x ( 1+ 0.0023) ^3

A =$960 x (1.0023)^3

A =$960 x 1.00691

A=$966.64

compound interest Earned

=$966.64 - $960

=$6.64

6 0
3 years ago
If house prices in the neighborhood immediately fall by 10 percent (before any mortgage payments are made), what would happen to
Jet001 [13]

Answer:The net worth of Joe and Mike will reduce.

Explanation:

It will reduce because the only asset they both have is the houses in the neighbourhood and since prices have reduced,their net worth will also reduce.

3 0
3 years ago
Suppose you are a Social Security recipient. In 2006 you receive $600 per month in Social Security benefits. In October of that
Fiesta28 [93]

Answer:

a. How much will your 2007 monthly benefit be?

  • $600 x 103.3% = $619.80

b. In real terms, do your benefits go up, go down, or stay the same?

  • Benefits will stay the same because in real terms the adjustment will only match the inflation rate. There is no real increase in the purchasing power of the money received. Inflation decreases the purchasing power of the currency, that means that $100 today buys less than $100 a year ago. If the adjustment only covers the inflation rate, there is no real gain but at least there is no real loss either.
3 0
3 years ago
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