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ELEN [110]
2 years ago
9

When inflation occurs each dollar of income will buy ______ goods and services than before. Multiple choice question. fewer more

the same amount of
Business
1 answer:
Sliva [168]2 years ago
6 0

When inflation occurs each dollar of income will buy fewer goods and services than before.

<h3>What is inflation?</h3>
  • In the field of economics, inflation refers to an overall rise in the cost of goods and services throughout a nation.
  • Each unit of currency may purchase fewer products and services as the general price level rises, hence inflation is associated with a decline in the purchasing power of money.
  • Deflation, a continuous drop in the general level of prices for goods and services, is the reverse of inflation.
  • The annualized percentage change in a general price index, or the inflation rate, is the most widely used indicator of inflation.
  • The consumer price index (CPI) is frequently employed for this purpose because price increases are not uniform across the board.
  • In the United States, wages are also calculated using the employment cost index.

Therefore, when inflation occurs each dollar of income will buy fewer goods and services than before.

Know more about deflation here:

brainly.com/question/13562161

#SPJ4

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How does revenue affect profit (also<br> called “net profit”)? How do expenses<br> affect profit?
Ivanshal [37]

Answer:

See below

Explanation:

<u>1. How revenue affects Profits</u>

Revenue is income that a business receives selling its products or from the services it provides. Income from other sources such as win in lawsuits is also revenue.

A business with high revenue is more profitable than a company with low income. For a business to make profits, its revenues must exceed its total expenditure. Profit is total income minus expenses. After the breakeven, extra sales contribute to profits. The more the sales, the higher the profits. Low revenue makes low profits.

<u>2. How do expenses affect profit?</u>

Expenses are costs incurred by a business in its productions and sales processes. Service providers incur expenses as they provide services to customers.

Expenses have a direct impact on profits. High costs may result in losses. Profits are realized after deducting expenses from revenues.

If the expenses are high, then profits will be minimal. Low expenses will result in high profits.

3 0
3 years ago
A ____________ believes that good society derives from the sum of the best efforts of individuals-largely unfettered by external
Marizza181 [45]

Answer:

Conservative

Explanation:

Do you have anymore of these on this subject?

3 0
3 years ago
Green Planet Corporation has 6,000 shares of noncumulative 11% preferred stock with a $2 par value and 21,900 shares of common s
galben [10]

Preferred dividends = preferred shares x Par value of 1 preferred stock x Preferred dividend rate

Preferred dividend = 6000 shares x 11% x $2 = $1320

Total dividend paid in year 1= $640

Preferred stockholders will receive a cash dividend of $640 in the first year. Because preferred stocks are not cumulative, there will be no preferred stock divided in arrears in year 1.

Arrear of dividends = $1320 - $640 = $680

Total dividend in year 2 = $2190

Dividend paid on common stock in year 2 = dividend paid in year 2 - Annual preferred dividends

=> 2190 - 1320 = $870

5 0
2 years ago
1. The three main types of banks (Large Traditional, Credit Union, Online or Online-Only) have many tradeoffs with respect to te
user100 [1]
The answer is C.  <span>Online Bank, Credit Union, Traditional Bank
But one thing we need to consider despite the amount of interest rates is the safety of our account. Even though it may indeed true that traditional bank has the lowest interest rate from the three, it possesses the best account security compared to the other three because the traditional bank tends to be backed by the Feds.</span>
6 0
3 years ago
Read 2 more answers
Florence deposited ₱ 14,800 in a bank that gives 4.35% simple interest. after 2years 4months, she went back to the bank to check
Nadusha1986 [10]

Answer:

₱ 16,300.054

Explanation:

The formula for calculating simple interest is as below.

I= p x r x t

In this case, p= 14,800, r = 4.35% and t is 2 years and 4 months

the interest rate is in years; we need to convert two years and four months to years.

=4 months = 4/12 of one year = 0.33

2 years 4 months = 2.33 year

I= 14,800 x 4.35/100 x 2.33

I= 14,800 x 0.0435 x 2.33

I=1,500.054

the amount in the bank will be principal plus interest

=14,800 + 1500

=16,300.054

5 0
3 years ago
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