Answer:
1) If they both consume the same amount of goods (rice and beans), and their price increased by 100%, then the inflation rate is 100%.
- old price of beans = $1, new price $2, inflation rate 100%
- old price of rice = $4, new price $8, inflation rate 100%
The inflation rate measures the change in the general price level of an economy during a certain period of time, in this case during a year from 2016 to 2017.
2) Indicate whether Gilberto and Juanita were better off, worse off, or unaffected by the changes in prices.
Since Gilberto produces beans and Juanita produces rice, and the price of both of their products increase equally (100%), then the inflation rate will not affect them. Their consumption levels also remain the same, no one decided to consume more of one product and less of the other.
The expense category that would be most difficult to change or reduce in a budget is the rent.
<h3>What is the budget?</h3>
A budget is a statement that shows the estimates regarding the income and expenditure of an individual or business for a specific period. A budget helps to allocate the resources between necessities and wants.
The expense that will be most difficult to revise is the rent expense. Rent is the fixed charge incurred for using a property. If one needs to revise our rent expense, we need to shift to a property with lower rent.
The entertainment, savings, and groceries can be easily revised by lowering down the expenses on the same.
Therefore the correct option is b.
Learn more about budget here:
brainly.com/question/15712390
Answer:
The statement is: True.
Explanation:
Audience adaptation is the technique in which speakers engage the topic they will talk about with the audience in front of them. There are four steps in achieving that engagement starting by <em>portraying the relevance of the subject, then facilitating comprehension of the topic, joining the audience with the subject, to finally provide proof to confirm the information provided is reliable</em>.
Answer:
cost of debt.
Explanation:
The cost of debt can be regarded as rate in which firm pay back her debts or loans. It is among the capital structure of the company.
4280 x 1.09 = real wage if constant from period x to period y. Let's call
this number Z.
Find the relationship between Z and the government's wage increase. If 5300 / Z < 1 then the total effect of wage increase/inflation's devaluation of real salary is negative. If the relationship is above one (5300/Z > 1) then the effect is positive for the workers.