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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>
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3 years ago
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Identify the correct statement. Select one: a. During a recession, investment increases while consumption decreases. b. During a
lesantik [10]

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Option C: Annual variations in investment are larger than annual variations in consumption

Explanation:

Investment

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Investment risk

This is simply known as the likelihood of an investment will fail to pay the expected return or fail to pay a return at all.

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8 0
3 years ago
This year Luke has calculated his gross tax liability at $1,800. Luke is entitled to a $2,400 nonrefundable personal tax credit,
Fantom [35]

Answer:

Luke's net tax due or refund is $2,900

Explanation:

In order to calculate Luke's net tax due or refund we would have to make the following calculation:

Luke's net tax due or refund=Luke's non refundable credit+income taxes withheld from his salary

Luke's non refundable credit=non refundable personal tax credit-gross tax liability

Luke's non refundable credit=$2,400-$1,800

Luke's non refundable credit=$600

Therefore, Luke's net tax due or refund=$600+$2,300

Luke's net tax due or refund=$2,900

Luke's net tax due or refund is $2,900

6 0
3 years ago
Assume that a $1,000,000 par value, semiannual coupon U.S. Treasury note with two years to maturity has a coupon rate of 6%. The
velikii [3]

Answer:

Value of treasury note = 738000

Explanation:

Value of treasury note = Interest * PVAF(9.9%,5Years) + Maturity Value * PVF(9.9%,5year)

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= 738000

3 0
3 years ago
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