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
Mariana [72]
3 years ago
6

Last year you paid $24 for a round of golf and $12 to rent a golf cart. this year it cost you $30 to golf and $15 to rent a cart

. based on this simple basket of goods, calculate a price index for this year using last year as the base year. click or tap the numbers or use your keyboard to type. if you're not sure, just take a guess. 0123456789.
Business
1 answer:
barxatty [35]3 years ago
4 0
The base price, which in this case is taken to be the price from last year. Adding up the prices,
       T = $24 + $12 = $36

This year, the total cost, C, is,
      C = $30 + $15 = $45

The consumer price index is calculated through the equation,

     Price Index = (Current Price / Base Period Price) x 100
 
Substituting,
    
    Price Index = ($45 / $36) x 100 = 125

<em>ANSWER: 125</em>
You might be interested in
Phillip and Naydeen Rivers are married with two dependent children. The family has household income of $39,360 in 2018. They pai
SpyIntel [72]

Answer:

$8,033

Explanation:

The premium tax credit is a refundable tax credit given to qualifying families or individuals that purchase health insurance through the Health Insurance Marketplace. In order to qualify for the premium tax credit a family or individual must have low or moderate income. The lower your income the larger the tax credit.

The tax credit is calculated using the cost of the silver plan available through the Health Insurance Marketplace and subtracting a percentage of the taxpayer's income.

The Rivers' premium tax credit = $9,800 - $1,767 = $8,033

6 0
3 years ago
Why private limited companies in malaysia does not get listed in the stock exchange?​
lbvjy [14]

Your KEY word is private. The companies may be limited liability, but because they are private, that means that they are privately owned. Privately owned companies are not traded on stock exchange. Often a corporation will issue stock in what’s called an Initial Public Offering. This is to raise capital and allows anyone from the public sector have access to ownership of the company through buying shares of stock. If the company were privately held, it would be owned by the employees or a few investors or a combination

4 0
3 years ago
Suppose that real GDP equals $10 trillion, nominal GDP equals $20 trillion, and the aggregate price level equals 2.
Archy [21]

Answer:

b) $10 trillion

Explanation:

Price level = NGDP / RGDP = 2

NGDP / RGDP = 2

As per the quantity theory of money,

MV = PQ

M.(2) = 20

M = 10 trillion

Therefore, The  money supply is $10 trillion.

4 0
2 years ago
A specific reduction in government spending will dampen demand-pull inflation by a greater amount the: 
A. Smaller is the econom
lina2011 [118]

Answer:

The correct answer is option C.

Explanation:

A reduction in spending is going to reduce the income of the consumers in the economy. The consumers do not spend all their income but save it partially. The saving is used to create funds which are invested again and lead to increase in output. The rate of consumption depends on the marginal propensity to consume and marginal propensity to save. The marginal propensity to save is 1-MPC. Smaller MPS will cause saving to be less, consequently investment will also be lower.

So, a reduction in the government spending will be more effective in curbing demand-pull inflation if the marginal propensity to consume is higher and marginal propensity to save is smaller.

5 0
3 years ago
International trade-dependent jobs have grown at a rate three times the growth of U.S.-dependent jobs.
HACTEHA [7]

Answer: True

Explanation:

International trade is simply exchange of goods and services that take place between countries. It should be noted that gloabl trading gives the countries and the consumer opportunity through which they're exposed to the produfte that they don't have in their countries.

International trade-dependent jobs have grown at a rate three times the growth of U.S.-dependent jobs.

This is True

3 0
2 years ago
Other questions:
  • Firm A pays $0.80 a year as dividends on its common stock. Currently this stock sells for $28.12 a share. Last year, at this tim
    11·1 answer
  • You are the manager of a firm that receives revenues of $40,000 per year from product X and $80,000 per year from product Y. The
    12·1 answer
  • Bennie’s Radiator Shop has installed a new machine that increases production by 200 units. Each unit sells for $30. What is the
    6·1 answer
  • Kathy Bates has just moved into a condominium complex of 60 units. The complex has a swimming pool, and a management company tak
    15·1 answer
  • Please help business
    9·1 answer
  • On January 1, Year 1, Stratton Company borrowed $230,000 on a 10-year, 8% installment note payable. The terms of the note requir
    12·1 answer
  • The main purpose of most tariffs and quotas is to
    7·1 answer
  • In late December you​ decide, for tax​ purposes, to sell a losing position that you hold in​ Twitter, which is listed on t
    12·1 answer
  • Marcelino Co.'s March 31 inventory of raw materials is $80,000. Raw materials purchases in April are $500,000, and factory payro
    14·1 answer
  • New technology for mixing and freezing ice cream lowers manufacturers' costs of producing chocolate ice cream. As a result, the
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!