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
Alexxandr [17]
3 years ago
14

Suppose the median household earned $9,242 in 1976 and $52,624 in 2016. During that time, also suppose the CPI rose from 45.6 to

219.75. Instructions: Enter your answer as a percentage rounded to one decimal place.
a. The total growth rate in nominal median household income from 1976 to 2016 was
b. The total growth rate in real median household income from 1976 to 2016 was
Business
1 answer:
Mekhanik [1.2K]3 years ago
4 0

Answer:

a) 469.40%

b) 18.15%

Explanation:

a)

Total nominal growth rate = (\frac{\textup{Earned income in 2016}}{\textup{Earned income in 1976}}-1)\times100\%

thus,

Total nominal growth rate = (\frac{\textup{52,624}}{\textup{9,242}}-1)\times100\%

= 469.40%

b) Total real growth rate = (\frac{\textup{Real earned income in 2016}}{\textup{Real earned income in 1976}}-1)\times100\%

now,

Real earned income in 1976 = \frac{\textup{Earned income in 1976}}{\textup{CPI in 1976}}

=  \frac{\textup{9,242}}{\textup{45.6}\%}

= $20,267.54

and,

Real earned income in 2016 = \frac{\textup{Earned income in 2016}}{\textup{CPI in 2016}}

=  \frac{\textup{52,624}}{\textup{219.75}\%}

= $23,947.21

Therefore,

Total real growth rate = (\frac{\textup{23,947.21 }}{\textup{20,267.54 }}-1)\times100\%

= 18.15%

You might be interested in
Which is not a reason why a company might decide to set up facilities in another country
olga_2 [115]

The Correct answer is B "TO INCREASE TARIFFS" Tariffs are a tax that a country puts on goods imported, that means if you moved to a different country your company would have to pay the tariffs, so to combat the price of tariffs, and why they moved in the first place, the rest of the answers would be correct. Because it must be cheaper.

7 0
4 years ago
Whispering Winds Corp. just began business and made the following four inventory purchases in June: June 1 147 units $882 June 1
MariettaO [177]

Answer:

the ending inventory using the LIFO method is $1,225

Explanation:

The computation of the value of the inventory using the LIFO method is shown below;

Since there are 196 closing units

So,

= 146 units × $6 + 49 units × $7

= $882 +  $343

= $1,225

The $6 come from

= $882 ÷ 147 units

And, $7 comes from

= $1,372 ÷ 196 units

Hence, the ending inventory using the LIFO method is $1,225

5 0
3 years ago
onceptual Connection: For each situation, identify the possible root cause(s) of the activity cost (such as plant layout, proces
Minchanka [31]

Answer:

Explanation:

For each situation, identify the possible root cause or causes of activity cost, among these:

1. Plant Layout

2. Process design

3. Product design

(A) PROCESS DESIGN

The design of the process of production is the root cause of activity cost here. From the rates given, it's clear that the manual method of production costs more time and money than the mechanical production method.

A minor cause of activity cost here is the PRODUCT DESIGN; the cost of which varies with the use of labour and the use of machine.

(B) PRODUCT DESIGN

Change in design of the gear (removal of some component parts) reduces set up time and cost.

(C) PLANT LAYOUT

Redesign of manufacturing plant saves the time and cost of moves.

3 0
3 years ago
The partnership of X and Y shares profits and losses in the ratio of 60 percent to X and 40 percent to Y. For the year 20X8, par
kaheart [24]

Answer:

D. $ 600,000

Explanation:

if X's withdrawals = y

Net Income = 2y

X 's share of profit = 2y ×60%

                              = 1.2 y

X's Closing capital + X's withdrawals = Opening Capital + Share of Net income

$ 140000 + y = $ 80000 + 1.2y

1.2y - y = $ 140000 - $ 80000

           = $60000

0.20y = $ 60000

        y = $ 300000

Therefore,

Net Income = 2y

                    = 2×300000

                    = $ 600000

3 0
3 years ago
Pick the correct statement from below. Multiple Choice A deferred call provision requires the bond issuer to pay the current mar
jeyben [28]

Answer: A deferred call provision prohibits the bond issuer from redeeming callable bonds prior to a specified date.

Explanation:

A deferred call provision refers to the provision whereby the calling of a bond before a particular date is prohibited. The bond is known to be call protected during this period.

Therefore, a deferred call provision prohibits the bond issuer from redeeming callable bonds prior to a specified date.

6 0
3 years ago
Other questions:
  • Akila went to the store for furniture polish, carrots, pencils, ham, sponges, celery, notebook paper, and salami. She remembered
    6·1 answer
  • In a written report of their research, researchers specify exactly how anxiety, one of their variables, is assessed and defined
    12·1 answer
  • Providing worker training on the safe use of the equipment being operated is the responsibility of the:
    6·1 answer
  • Leadership in small firms is more ____ in comparison to the leadership in large corporations.
    12·1 answer
  • Consider the following budget information: materials to be used totals $69,750; direct labor totals $198,400; factory overhead t
    8·1 answer
  • GUYS PLEASE HELP ME WITH FINANCIAL PLAN FOR COMPANY OF CONFECTIONERY PRODUCTS BASED ON COFFEE!!!!! 1)Set the price of product an
    14·2 answers
  • Value a Constant Growth Stock Financial analysts forecast Best Buy Company (BBY) growth for the future to be 14.00 percent. Thei
    14·1 answer
  • If velocity is constant and, in addition, the factors of production and the production function determine real GDP, then: Group
    8·1 answer
  • Wilde Software Development has a 12% unlevered cost of equity. Wilde forecasts the following interest expenses, which are expect
    5·1 answer
  • What is the calculation used to determine the estimated annual interest amount a borrower will pay on a loan?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!