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frutty [35]
4 years ago
8

You earned​ $30,000 in​ 2009, and your salary rose to​ $80,000 in 2018. If the CPI rose from 82 to 202 between 2009 and​ 2018, w

hich of the following is​ true? A. The purchasing power of your salary fell between 2009 and 2018. B. The purchasing power of your salary increased between 2009 and 2018. C. There was deflation between 2009 and 2018. D. The purchasing power of your salary remained constant between 2009 and 2018.
Business
1 answer:
DiKsa [7]4 years ago
4 0

<u>Answer:</u> Option B The purchasing power of your salary increased between 2009 and 2018.

<u>Explanation:</u>

CPI is the acronym for Consumer Price Index. CPI measures the average change in price of the consumer products and services. This can also be called as inflation. The price level that prevails in the economy can be measured and also the purchasing power of the individuals can also be determined.

As in this case the CPI has increased denoting the inflation in the economy. The purchasing power has also increased due to the rise in the salary from 2009 to 2018.

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D) influencing decisions affecting one's life.

Explanation:

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3 years ago
Elaine takes out a $100,000 mortgage on December 1, 1997. Elaine will repay the mortgage over 20 years with level monthly paymen
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I prepared an amortization schedule using an excel spreadsheet. The original monthly payment was $836.44. After the 120th payment, the remaining principal balance was $68,940.64. Since she didn't pay anything for 1 year, the new principal balance will be $68,940.64 x (1 + 8%) = $74,455.89

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8 0
3 years ago
Death benefit proceeds from a life insurance policy are included in a decedent's gross estate in which of the following circumst
Katarina [22]

Answer:

B. 1 and 2.

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Life insurance policy can be defined as a contract between a policyholder and an insurer, in which the insurer agrees to pay an amount of money to a specific beneficiary either upon the death of the insured person (decedent) or after a set period of time.

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3 years ago
George sees his supervisor doing a walkthrough with an OSHA inspector, and later contacts OSHA to find out what the inspection w
Whitepunk [10]
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Which of the following approaches can help you mitigate the challenges of poor forecasts? a. Obtain and use the best, most recen
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