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3 years ago

What is the economic term used for sustained increase in the price of goods and services

Business

1 answer:

Shkiper50 [21]3 years ago

3 0

Answer:

Inflation

Explanation:

Inflation refers to a situation of a general increase in the prices of goods and services in the economy. As prices of goods and services rise, the cost of living goes up. Inflation results in the purchasing power of currency to diminish.

Economist uses the consumer prices index to determine the rate of inflation. Inflation means a basket of goods and services will cost more today than it did in the prior period. Rapid economic growth that results in too much money in circulation causes inflation.

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Monica Smith was unemployed because the steel company, where she worked, closed and moved overseas to a foreign country. Other s

Alenkinab [10]

Answer:

structurally unemployed.

Explanation:

Unemployment rate refers to the percentage of the total labor force in an economy, who are unemployed but seeking to be gainfully employed. The unemployment rate is divided into various types, these include;

1. Cyclical unemployment rate (CU).

2. Frictional unemployment rate (FU).

3. Structural unemployment rate (SU).

Structural unemployment can be defined as an involuntary unemployment that arises as a result of the incompatibility between a worker's skills set and requisite skills an employer seeks from the workers or due to technological changes.

This ultimately implies that, it describes a situation where an individual isn't able to secure a job as a result of insufficient number of jobs matching their qualifications, thus limiting their opportunities.

In this scenario, Monica Smith was unemployed because the steel company, where she worked, closed and moved overseas to a foreign country. Other steel companies have also closed. Her skills are not transferable to another industry and she is unable to get a job.

Hence, she would be classified as structurally unemployed.

6 0

3 years ago

Which of the following statements is false?

serious [3.7K]

Answer:

ERP systems use the same data as functional information systems.

Explanation:

At its most fundamental level, ERP software integrates these different capacities into one complete framework to streamline procedures and data over the whole organization. The focal element of all ERP frameworks is a shared database that supports multiple capacities utilized by various business units.

3 0

3 years ago

Carla and Eliza share income equally. For the current year, the partnership net income is $40,000. Carla made withdrawals of $12

sveticcg [70]

Answer:

$54,000

Explanation:

Eliza's share of net income = $40,000 ÷ 2

= $20,000

Eliza made withdrawals = $21,000

Eliza capital = $55,000

Eliza’s capital account balance at the end of the year:

= Eliza capital - Eliza withdrawals + Net income share of Eliza

= $55,000 - $21,000 + $20,000

= $54,000

Therefore, the Eliza’s capital account balance at the end of the year is $54,000.

8 0

4 years ago

BC 'n D just paid its annual dividend of $.60 a share. The projected dividends for the next five years are $.30, $.50, $.75, $1.

Lemur [1.5K]

Answer:

$7.60

Explanation:

Find PV dividend per year at 14% discount rate;

0.30 / 1.14 = 0.2632

0.50 / 1.14² = 0.3847

0.75 / 1.14³ = 0.5062

1 / (1.14^4) = 0.5921

1.20 / (1.14^5) = 0.6232

Find the PV of the terminal cashflow; $PV = \frac{\frac{1.40}{0.14} }{(1.14)^{5} } = 5.2308$

Next, sum up the PVs to find the price of the stock today;

Price = 0.2632 + 0.3847 + 0.5062 + 0.5921 + 0.6232 + 5.2308

= $7.60

6 0

4 years ago

A group of 10 people have the following annual incomes: $24,000, $18,000, $50,000, $100,000, $12,000, $36,000, $80,000, $10,000,

gogolik [260]

Answer:

48.65%

Explanation:

Given Income are written in increasing order

First Quintile 10,000 12,000

Second Quintile 16,000 18,000

Third Quintile 24,000 24,000

Fourth Quintile 36,000 50,000

Fifth Quintile 80,000 100,000

Total Income % share

First Quintile 10,000 12,000 22,000 5.95

Second Quintile 16,000 18,000 34,000 9.19

Third Quintile 24,000 24,000 48,000 12.97

Fourth Quintile 36,000 50,000 86,000 23.24

Fifth Quintile 80,000 100,000 180,000 48.65

Total income in the economy 370,000 100%

The percentage of the total income of the highest quintile is 48.65%

4 0

3 years ago