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
vodka [1.7K]
3 years ago
9

Suppose that the price index in 1999 was 170 and your salary was $44,000. Suppose in 2016 the consumer price index will be 290.

What salary will you have to earn in 2016 in order to equal your 1999 real income
Business
1 answer:
STatiana [176]3 years ago
6 0

Answer:

$75,240

Explanation:

Given that,

Consumer price index in 1999 = 170

Salary in 1999 = $44,000

Consumer price index in 2016 = 290

Therefore, the required salary is calculated as follows:

= Salary in 1999 × (Consumer price index in 2016 ÷ Consumer price index in 1999)

= $44,000 × (290 ÷ 170)

= $44,000 × 1.71

= $75,240

Hence, the amount of salary have to earn in 2016 in order to equal your 1999 real income is $75,240.

You might be interested in
Normative and positive statements.
deff fn [24]

Answer:

a. positive

b. normative

c. positive

d. normative

Explanation:

Note that a normative statement as used in economics refers to a view of what should be done, or how things or policies should be or not be. While the Positive statement gives a point blank description of what the state of things are.

a. It is a fact of course that in the past decades U.S. companies have outsourced millions of job overseas, thus this is a positive (descriptive) statement.

b. By saying companies that outsource jobs are acting immorally indicates a normative or judgemental view of what is morally right.

c. This statement is a fact, because such actions is in line with economic theory; in effect would stop outsourcing jobs.

d. This is rather a view of what should be done. Which clearly indicates the statement as normative.

6 0
3 years ago
Describe external resources useful to entrepreneurs during concept development
marin [14]
The external research that would be useful would be research.
Research could be divided into direct and indirect.
Direct research is being done by directly ask the potential customer what they want (through things like questionnaire)
And indirect research is being done through observation (pay attention to the market trend)
4 0
3 years ago
According to the Consider This box about hypothetical countries Slogo, Sumgo, and Speedo, small differences in __________ make f
Oxana [17]

Answer:

C

Explanation:

According to the Consider This box about hypothetical countries Slogo, Sumgo, and Speedo, small differences in economic growth rates make for large differences in real GDP per capita over several decades, assuming the same growth of population for each country.

For small countries ( less population and same growth of population over the years) even small growth rates makes a large change in  real GDP per capita over the years.

3 0
3 years ago
On June 25, Ritts Roofing extended an offer of $250,000 for land that had been priced for sale at $300,000. On July 9, Ritts acc
Kisachek [45]

Answer:

$275,000

Explanation:

The computation of the value that should the land be recorded is shown below:

= Value at which rits accepted the counteroffer of the seller

= $275,000

Hence, the alue that should the land be recorded is $275,000

Basically it records the cost value as per the cost concept

The same should be considered

3 0
2 years ago
Which mall should the company choose if revenues are expected to be $6,000,000 per year?
blondinia [14]
It A hope this helps
3 0
3 years ago
Read 2 more answers
Other questions:
  • George runs an outlet where he sells personalized t-shirts. he spends $35 to rent the printing machine and $25 for phone service
    6·1 answer
  • Which of the following was the fourth leading cause of deaths in the construction industry in 2005? A. Being struck by something
    8·1 answer
  • Which of the following statements is true? A. Expenses are decreased by debits. B. Liabilities are decreased by credits. C. Reve
    9·1 answer
  • Analyze fraternal polyandry in Himalayan south-central Asia with respect to material conditions. What specific problems are pose
    10·1 answer
  • When referring to student loans, what is a grace period?
    14·1 answer
  • Tanner-UNF Corporation acquired as a long-term investment $200 million of 6.0% bonds, dated July 1, on July 1, 2021. Company man
    6·1 answer
  • North Dakota Electric Company estimates its demand trend line​ (in millions of kilowatt​ hours) to​ be:
    9·1 answer
  • Please help me!! due tmrw!!!
    14·2 answers
  • A company decides to introduce a line of crackers made with organically grown grains and vegetables. What environmental trend is
    7·1 answer
  • Charlie wants to get a job in which he is rewarded for his work on a fixed interval reinforcement schedule. which job should cha
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!