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4vir4ik [10]
3 years ago
8

Based on the weight of the consumer price index (CPI), the price of rental housing increases by 15% and that of owned housing by

5%. During the same year, the price of gasoline falls by 22%. We can say that: a. the CPI would definitely rise during the year in question. b. all other factors being constant, it is likely the CPI would fall during the year in question. c. the CPI would definitely fall during the year in question. d. all other factors being constant, it is likely the CPI would rise during the year in question. e. all other factors being constant, the CPI would change by about 6% because that is the average housing change plus the average gasoline change.
Business
1 answer:
Levart [38]3 years ago
4 0

Answer:

D) all other factors being constant, it is likely the CPI would rise during the year in question.

Explanation:

The CPI measures the price of a basket of goods and that basket includes both housing expenses and gasoline, but housing expenses are "heavier" than gasoline (their relative weight on the CPI is much higher) because they represent a much larger portion of a household's income. It is common for a family to pay $1,000 (or much more) per month on rent or a mortgage, while how many people actually spend over $1,000 per month on gas?

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Answer:

a quote is the authors exact words

Explanation:

7 0
3 years ago
some people have argued that the reported unemployment rate actually understates the extent of unemployment . explain this reaso
Ugo [173]
This is because the unemployment rate give only takes into account people that are unemployed and are looking for work. It does not account for those that are unemployed and have given up.
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5 0
3 years ago
A proxy given to a caretaker to vote at stockholders shares is a: A power of attorney B trading authorization C discretionary au
vova2212 [387]

Answer:

A) Power of Attorney

Explanation:

When a stockholder cannot attend a corporation's annual meeting, he/she can issue a power of attorney to another person to represent him/her at the meeting and vote on his/her behalf. In business, this is called a proxy, where the individual granted the power of attorney acts as the stockholder's proxy.

7 0
3 years ago
"Convergence occurs as ________ is sought, such as for the EC countries, and as competitive pressures in free-trade zones, such
elena-14-01-66 [18.8K]

Answer:

The correct answer is letter "B": harmonization.

Explanation:

In economics, convergence refers to the fact that poor countries' income per capita increases at a faster pace than in rich countries. At a certain point in time, every country's income per capita should converge at the same point.

Several actions could be carried out to fasten that process such as standardizing labor conditions across the European Community (EC) or free-trade blocks such as the North American Free-Trade Agreement (NAFTA). <em>Once labor conditions have been subject to </em><u><em>harmonization</em></u><em> regardless of the region in the world, convergence will be a more attainable objective.</em>

7 0
3 years ago
Various financial data for Year 1 and Year 2 follow. Calculate the total productivity measure and the partial productivity measu
Ber [7]

Answer:

See below

Explanation:

With regards to the above, the formula for total productivity measure is

= Output Sales( Total output) / Total Input

Total productivity measurement for Last year.

Output sales = $200,000

Total input = Input labor + Raw materials + Energy + Capital + others

= $30,000 + $35,000 + $5,000 + $50,000 + $2,000

= $122,000

Therefore, total productivity measure

= $200,000/$122,000

= 1.64

Total productivity measurement for this year

Output sales= $220,000

Total input = Input labor + raw materials + energy + capital + others

= $40,000 + $45,000 + $6,000 + $50,000 + $3,000

= $144,000

Therefore, total productivity measure

= $220,000/$144,000

= 1.53

Partial productivity for last year

Output sales = $200,000

Input = Input labor + raw materials + capital

= $30,000 + $35,000 + $50,000

= $115,000

Partial productivity measure = $200,000/$115,000

= 1.74

Partial productivity measure for this year

Output sales = $220,000

Input = Input labor + raw materials + capital

= $40,000 + $45,000 + $50,000

= $135,000

Therefore, partial productivity measurement for last year

= $220,000/$135,000

= 1.63

The above measures indicates that there is a reduction in total productivity measures from last year to this year. Same applies to partial productivity measures for both years.

8 0
3 years ago
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