Answer:
The answer is: B) The median wage in Texas is much higher than the national average. THIS STATEMENT IS FALSE.
Explanation:
If you take the facts from the Census ACS 1 year survey, the median household income in Texas is $59,206 (2017 data) and a median hourly wage of $17,06 (2016 data from the Bureau of Labor Statistics).
If you compare those numbers with the national average, the US median household income is $60,336 (the national average is $1,130 higher than the Texas median household income). Historically the Texas median household income has been lower than the national average.
If we consider the median hourly wage in Texas of $17,06 (2016 data) and we compare to the national hourly wage of $17,81 (2016 data from the Bureau of Labor Statistics) we can clearly see it´s also lower. The top ten states with the highest median hourly wage are: Alaska, Massachusetts, Connecticut, Washington, Maryland, New York, New Jersey, California, Minnesota, Hawaii, with hourly wages ranging from $22.68 to $19.24
What we are looking for is the Debt-GDP ratio in percentage.
In economics, the debt-to-GDP ratio is the ratio in the middle of a country's
government debt (a cumulative amount) and its gross domestic product (GDP) that
is measured in years.
Solution: This ratio is calculated as (350 / 14500) x 100 =
0.02414 x 100 = 2.4 (rounded to one decimal place). The deficit is 2.4% of GDP.
Answer: the correct answer is D. none of these answers is correct.
Explanation: A transfer price exists for accounting purposes when diverse divisions on a multy entity company are in charge of their own revenues.
Answer:
Because a cosigner is another person who is also responsible for ensuring the loan is paid.
Explanation: A cosigner is a person who is signing on to the loan and by doing so, they are jointly taking on responsibility for repayment of the loan. So basically loan repayment is being guaranteed by the person taking out the loan and the cosigner.
Answer:
10.24%
Explanation:
We can use fisher formula to calculate the real rate of return. The fisher equation is given as under:
(1 + i) = (1 + r) * (1 + h)
Here
Nominal Interest Rate is i
Real Interest Rate is r and is 6%
And Current Inflation Rate is 4%
By putting values, we have:
(1 + i) = (1 + 6%) * (1 + 4%)
(1 + i) = (1.06) * (1.04)
(1 + i) = 1.1024
i = 1.1024 - 1 = 10.24%
The nominal interest rate that I would suggest is 10.24%.