1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
a_sh-v [17]
3 years ago
13

Suppose that a person's nominal income rises from $10,000 to $12,000 and the consumer price index rises from 100 to 105. The per

son's real income will:
A) Fall about 20 percent

B) fall about 2 percent

C) Rise about 15 percent

D) Rise about 25 percent.
Business
1 answer:
Kazeer [188]3 years ago
8 0

Answer:

C) Rise about 15 percent

Explanation:

The computation of the increase or decrease of real income is shown below:

Initial income equals to

= Nominal income ÷ Consumer price index

= $10,000 ÷ 100

= 100

If it increases, then it would be

= Nominal income ÷ Consumer price index

= $12,000 ÷ 105

= 114.28

So, the real income is increased from

= 114.28 - 100

= 14.28 approx i.e 15 percent

You might be interested in
PLEASE HELP ME ILL MAKE YOU BRAINLIEST
olganol [36]

Answer: i believe its Debt

Explanation:

5 0
3 years ago
Read 2 more answers
If the mps in an economy is 0.1, government could shift the aggregate demand curve rightward by $40 billion by question 3 option
ikadub [295]

Answer:

increasing government spending by $4 billion.

Explanation:

A rightward shift of aggregate demand means that aggregate demand is increasing.

When the government increases spending, the effect on aggregate demand is given by ⇒ total change in spending x government spending multiplier

  • total change in spending = $4 billion
  • government spending multiplier = 1 / MPS = 1 / 0.1 = 10

effect on aggregate demand = $4 billion x 10 = $40 billion

7 0
3 years ago
Corbin Company was charged​ $25 for a check printing service fee associated with its checking account. Which journal entry is​ r
snow_tiger [21]

Answer:

Dr Miscellaneous expense $25

Cr Cash $25

Explanation:

With regards to the above, the $25 charged for a check printing fee, associated with their check in account is an expense, hence must be debited to miscellaneous expense account while the corresponding entry will be credited to cash account.

Hence journal entry would be;

Dr Miscellaneous expense $25

Cr Cash $25.

3 0
3 years ago
A computer language that is used in most website design.
kupik [55]

Answer:

JavaScript is one of the most popular and dynamic programming languages used for creating and developing websites. This language is capable of achieving several things including controlling the browser, editing content on a document that has been displayed, allowing client-side scripts to communicate with users and also asynchronous communication.

Explanation:

And HTTP

3 0
2 years ago
In confirming with an outside agent, such as a financial institution, that the agent is holding investment securities in the cli
marissa [1.9K]

Answer:

3. Rights and obligations.

Explanation:

This evidence is in support of relevant financial statement assertions about existence or occurrence and Rights and obligations. Even though a specific confirmation request does not test all assertions equally well. Especially since more than one agent may be holding securities for a single client which may or may not be specified within the request.

8 0
3 years ago
Other questions:
  • Small businesses are important to the U.S. economy because
    5·1 answer
  • 8th business day of this month
    6·1 answer
  • North Side Wholesalers has sales of $948,000. The cost of goods sold is equal to 68 percent of sales. The firm has an average in
    9·1 answer
  • In January, 2021, Summit Department Store sells a gift card for $50 and receives cash. In February, 2021, the customer comes bac
    11·1 answer
  • What is the difference between finance and accounts​
    10·1 answer
  • Fresh Veggies, Inc. (FVI), purchases land and a warehouse for $520,000. In addition to the purchase price, FVI makes the followi
    13·2 answers
  • TuckIn, a restaurant chain, has hired a market research company to help it better understand its customers and their preferences
    5·2 answers
  • Cavan Company prepared the following reconciliation between book income and taxable income for the current year ended December 3
    7·1 answer
  • Bill and Fred bake cakes and pies. Bill's opportunity cost of baking 1 pie is 5 cakes. Fred's opportunity cost of baking 1 pie i
    11·1 answer
  • How should a loss contingency that is reasonably possible and for which the amount can be reasonably estimated be reported
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!