Even though the Phillips curve is an empirical model has historically shown that the rate of unemployment and the rate inflation is inversely proportional, this is only observed in the short-run. In a graph, this is shown as non-linear.
The Long-run Phillips curve, on the other hand, is linear. This means that there's no constant trade-off with regard to inflation & unemployment.
Answer:
PV= $40,835.6
Explanation:
Giving the following information:
Quarterly withdrawal (A)= $2,700
Number of periods= 4*4= 16 quarters
Interest rate= 0.67% per quarter
<u>To calculate the initial investment, we need to use the following formula:</u>
<u></u>
PV= A*{(1/i) - 1/[i*(1 + i)^n]}
PV= 2,700*{(1/0.0067) - 1 / [0.0067*(1.0067)^16]
PV= $40,835.6
Answer:
Becca is a business writer looking for information on public service jobs in California that don’t require a college degree. She wants to use the keywords “engineering jobs NOT college degree” on an online resource to search for this data. Which is a credible resource for Becca’s research?
the careers web page of the state government of California
Explanation:
the careers web page of the state government of California will give Becca the best information on how she could get her her desired information
Answer:
D. The cost of living in the country is lower than that of France
Explanation:
PPP or Purchasing Power Parity is a measure of the cost of living in different countries. When GDP Per Capita is computed accounting for PPP, significant differences can show up between this measure and Nominal GDP Per Capita, this is because of differences in the cost of living among countries.
If the GDP Per Capita Nominal of a country is lower than that of France, it means that measured by US Dollars, the other country produces less output per person than France. However, if the GDP Per Capita PPP of the same country is higher than that of France, it means that even if output is less, people in the other country can buy more things with less income than people in France. (Remember than when calculating GDP, output is the same as income).
