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frutty [35]
3 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]3 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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If your income is ​$5353 a​ month, the price of pizza is​ $5 and the price of a video is​ $4, how many pizzas will you buy and h
musickatia [10]

Answer:

We can rent 1,070.6  videos or purchase 1,338.25 pizzas or any combination between the budget line attached

Explanation:

We have to divide our income for the cost of each item and them draw the budget line

$5,353 / 5 = 1,070.6

$5,353 / 4 = 1,338.25

4 0
3 years ago
E-Gadgets is a chain of electronics stores that specializes in devices and gadgets incorporating cutting-edge technologies. The
IgorLugansk [536]

Answer:

The correct option is C) place utility

Explanation:

Place utility is the utility which is created for a product by making that product available to near by locations of the customers so that they can easily get access to those products. Same strategy is being applied in the question by E-gadgets , who are making their stores available to such locations , where their customers ( upper middle class and wealthy neighborhoods) can get access to the products easily( less than 15 minutes in the given case).

5 0
3 years ago
In 2011 oil production in Libya was interrupted by political unrest. At the same time, the demand for oil by China continued to
vampirchik [111]

Answer:

Quantity of oil bought & sold would depend upon relative change i.e increase & decrease in demand & supply respectively.

  • ↑Dd = ↓Sy : Qty same
  • ↑Dd > ↓Sy : Qty ↑
  • ↑Dd < ↓Sy : Qty ↓

Explanation:

Libya is an exporter of Oil to China. It implies china's demand for oil is satisfied by Libya's imports.

Usual markets are at equilibrium when market demand = market supply, demand & supply curves intersect.

Political unrest in Libya decreasing oil production, would decrease supply (exported) of oil to China & sift supply curve leftwards. Simultaneously, increase in China demand for oil would shift the demand curve rightwards. These changes in demand, supply would create excess demand. Excess demand would cause competition among buyers & increase the new equilibrium price.

However, <u>Quantity </u>of oil bought & sold would depend upon relative change , shift in demand & supply. If increase in demand is equal to decrease in supply, the quantity would remain<u> same.</u> If increase in demand is more than  decrease in supply, quantity will <u>increase</u>. If increase in demand is less than decrease in supply, the quantity will <u>decrease.</u>

3 0
3 years ago
jones enterprises was started when it acquired $6,000 cash from creditors and $10,000 from owners. the company immediately purch
Kobotan [32]

Answer:

The answer of each requirement is given below.

A.) record the events under an accounting equation

Accounting equation is given below.

Asset = Equity + Liability

Land + Cash = Equity + liability

12,000 + 4000 = 10,000 + 6,000

16,000 = 16,000

B.) After all events have been recorded, Jones's obligations to creditors represent what percent of total assets

Percentage = 6,000/16,000*100 = 37.5%

C.) after all events have been recorded, Jones stockholders equity represents what percent of total assets?

Equity percentage = 10,000/16,000* 100 = 62.5%

D.) assume the debt is due. given that jones has $10,000 in stock holders' equity can the company repay the creditors at this point? why or why not

No, the company will not be able to pay debt as the company has acquired land of 12,000 dollars and has only 4,000 dollars in liquid form.

4 0
3 years ago
The total dollar value of all goods and services produced by all people within the boundaries of a country during a specified ti
kvasek [131]

Answer:

The gross domestic product

Explanation:

The gross domestic product = Consumption spending + Investment + Government Spending + Net Export

8 0
3 years ago
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