The real interest rate given the nominal and inflation rate is -2 percent
<h3>How to calculate the real interest</h3>
The formula for calculating real interest given the nominal and inflation rate is expressed as:
Real interest rate ≈ nominal interest rate − inflation rate
Given the following
Real interest = 4%
inflation rate = 6%
Substituting into the formula
Real interest rate = 4% - 6%
Real interest rate = -2%
Then the real interest rate given the nominal and inflation rate is -2 percent
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Answer:
$171,000
Explanation:
The company psid $950,000 for office furniture, building and land
The market value of the assets is
Office furniture= $190,000
Building= $740,000
Land= $132,000
Therefore the cost that should be allocated to the office furniture can be calculated as follows
= 18/100 × 950,000
= 0.18×950,000
= 171,000
Answer:
1.James - CYCLICAL UNEMPLOYMENT
Eric frictional unemployment
2.Craig - structural unemployment
3. Sarah cyclical unemployment
4. Hamid - frictional unemployment.
Explanation:
structural unemployment is an unemployment that occurs as a result of changes in the economy. These changes can be as a result of changes in technology, polices or competition . Structural unemployment tends to be permanent.
Frictional unemployment . the period of time a person is unemployed from the period he leaves his current job and the time he gets another job.
Voluntary unemployment : e.g. worker at a fast-food restaurant who quits work and attends college.
Cyclical unemployment : it occurs as a result of fluctuations in the economy. Unemployment would be high in a downturn and low in a boom
<span>A price elasticity of infinity corresponds to a demand curve that is horizontal. That would be considered perfectly elastic, and in a perfectly elastic demand situation something can sell as much as much as it wants as consumers are ready to purchase a large quantity of product.</span>
Answer:
The commerce stream is a popular choice amongst students looking to build their career in the fields of accounting, banking, finance and related areas. With the right knack for numbers and data, you can build a highly lucrative and financially rewarding career in these fields.
