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Diano4ka-milaya [45]
3 years ago
11

Your grandfather tells you that he earned $7,000/year in his first job in 1961. You earn $35,000/year in your first job in 2016.

You know that average prices have risen steadily since 1961. You earnA) 5 times as much as your grandfather in terms of real income.B) more than 5 times as much as your grandfather in terms of real income.C) less than 5 times as much as your grandfather in terms of real income.D) less than 5 times as much as your grandfather in terms of nominal income.
Business
1 answer:
kolbaska11 [484]3 years ago
7 0

Answer:

C) less than 5 times as much as your grandfather in terms of real income

Explanation:

Given information

Grandfather first job earning in the year 1961 = $7,000 per year

Our first job earning in year 2016 = $35,000 per year

If we compare this two-income it would be equal because

Grandfather earnings = Our earnings

$7,000 × 5 times = $35,000

$35,000 = $35,000

And, we know that real income is the income that comes after considering the inflation so if we see the commodities price in 1961 with the commodities price in 2016 it will have a huge difference.  

So, it would be less than 5 times as your grandfather in case of the real income

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puteri [66]

Answer:

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Cheers.

3 0
3 years ago
If Kevin is currently insured under Leroux for his medical insurance under Plan A, how will the proposed changes affect his heal
Verizon [17]

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What is health insurance?

Health insurance can be regarded as the type of insurance that cover hospital visits as well as prescription drugs and wellness care.

Most health insurance do cover some other range of services such as cosmetic procedures and beauty treatments.

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4 0
3 years ago
Evergreen Building, Inc. has declared a $40,000 cash dividend to shareholders. The company has 5,000 shares of $20-par, 6% prefe
FromTheMoon [43]

Answer:

Preferred dividends = $16500

Common dividends = $23500

Explanation:

given data

cash dividend = $40,000

share 5000 = $20 par

preferred stock = 6%

share = 10000

common stock = $15

preferred stock = $12,000

to find out

preferred and common stockholders

solution

Preferred stock dividends = 5000 × $15 × 6%

Preferred stock dividends = $4500

and

Preferred dividends = $4500 + $12000

Preferred dividends = $16500

and

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Answer:

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5 0
3 years ago
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KengaRu [80]

Answer: accidental.

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3 0
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