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Rama09 [41]
1 year ago
6

If the money supply has increased by 3 percent, nominal income has risen 5 percent and the price level has risen by 1 percent, w

hat is the percent change in real income
Business
1 answer:
Shalnov [3]1 year ago
4 0

4% is the percent change in real income.

What is the meaning of real income?

Real income, also known as real pay when referring to an individual's income, is the amount of money that an individual or entity makes after taking inflation into account. To have the best knowledge of their purchasing power, people frequently closely monitor the difference between their nominal and actual income.

What is meant by nominal income?

Nominal income is money that hasn't been adjusted for inflation-related changes in buying power, or how much one can buy with that money.

What Is Price Level?

The price level is determined by averaging the current prices for all the goods and services produced in an economy. Price level, in a broader sense, refers to the cost or price of a good, service, or security in the market.

Learn more about real income: brainly.com/question/17094716

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ratelena [41]

Number 4 bottom answer

Explanation:

I know the first bit which is Total Utility is consumer satisfaction with all consumption for definite.

6 0
3 years ago
How much would $100, growing at 5% per year, be worth after 75 years? a. $4,077.43 b. $4,281.30 c. $3,883.27 d. $3,689.11 e. $4,
Zielflug [23.3K]

Answer:

The answer is c. $3,883.27

Explanation:

For the problem, we will be using the formula for calculating the Future Value of money, which is:

F= P(1+r)^{n}

Where:

F - future value

P - Principal amount = ($100)

r - rate of growth in percent = (5% or 0.05)

n - number of years = (75)

We calculate thus:

F = 100(1 + 0.05)^{75}

F = 100(1.05)^{75}

F = 100  X  38.8327

F = 3,883.27

therefore the amount after 75 years will be $3,883.27

5 0
3 years ago
While _______ decisions will generally need to be processed via the ______ system in our brains in order for us to reach a good
Jet001 [13]

Answer:

Nonprogrammed; reflective; programmed; reactive

Explanation:

Programmed decisions can be regarded as decision which involves well understood criteria when making it,. nonprogrammed decisions on the other hand can be explained as decisions which are novel, they are decision that does not have clear guidelines when trying to reach solution. rules as well as guidelines can be set up for programmed decisions by Managers when known fact is available because this will enhance in reaching

decisions quickly. It should be noted that While non programmed decisions will generally need to be processed via the reflective system in our brains in order for us to reach a good decision, with programmed decisions, heuristics can allow decision-makers to switch to the quick, reactive system.

5 0
3 years ago
Step 5 in the seven-step decision-making model is _____.
Butoxors [25]

Answer:

Choose among alternatives

Explanation:

8 0
3 years ago
Read 2 more answers
The cutting edge sells ice skates. total sales are $845,000, total variable expenses are $245,050 and total fixed expenses are $
natita [175]

If the cutting edge sells ice skates. total sales are $845,000, total variable expenses are $245,050 and total fixed expenses are $302,000. the variable expense ratio is: 29%.

<h3>Variable expense ratio</h3>

Using this formula

Variable expense ratio=Total variable expense /Total sales

Let plug in the formula

Variable expense ratio=$245,050/ $845,000

Variable expense ratio=0.29×100

Variable expense ratio=29%

Therefore If the cutting edge sells ice skates. total sales are $845,000, total variable expenses are $245,050 and total fixed expenses are $302,000. the variable expense ratio is: 29%.

Learn more about variable expense ratio here:brainly.com/question/24161829

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3 0
2 years ago
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