Answer:
rate at which a person can trade the currency of one country for the currency of another
Explanation:
Nominal exchange rate is a rate at which a person can trade the currency of one country for the currency of another.
Nominal exchange rate = real exchange rate + inflation rate
Real exchange rate is the number of goods a person can trade for a similar good in another country.
The real exchange rate has been adjusted for inflation.
Real éxchange rate = nominal exchange rate - inflation rate
I hope my answer helps you
Answer:false
Explanation:The opportunity cost test only determines a range of options, any of which would benefit both parties
Answer:
a. $197,600
b. $163,400
c. $108,600
Explanation:
a. Manufacturing margin = Sales - Variable cost of goods sold
= $380,000 - $182,000
= $197,600
b. Contribution margin = Manufacturing margin - Variable selling and administrative expenses
= $197,600 - $34,200
= $163,400
c. Income from operations = Contribution margin - Fixed manufacturing costs - Fixed selling and administrative expenses
= $163,400 - $57,000 - $2,800
= $108,600
Answer:
CONSUMPTION TO THE LEVEL OF DISPOSABLE INCOME
Explanation:
It typically measures the aggregate amount of disposable income of a household in comparison to their consumption. Two measurements are used I.e. Avetage Propensity to Consume (APC) which is obtained by dividing consumption by income and Marginal Propensity to Consume (MPC) which is the ratio of each individual dollar of household income spent on consumption.
