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yKpoI14uk [10]
3 years ago
15

If the number of dollars needed to buy a representative basket of goods falls, the price level

Business
1 answer:
AlexFokin [52]3 years ago
4 0

Answer:

The correct answer is letter "C": decreases, so the value of money rises.

Explanation:

A basket of goods is mainly used to evaluate changes in urban consumer habits. Food, housing, healthcare, education, and recreation expenses are included in a basket of goods. It is usually studied with the Consumer Price Index (<em>CPI</em>) and is also a tool useful to find out the levels of inflation within a specific market.

In the case less number of dollars are needed to purchase a "regular" basket of goods, it implies the average price level has decreased, thus, the money value has increased.

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Answer:

3%

Explanation:

Data provided as per the question

Nominal interest rate = 100%

Inflation rate = 7%

The computation of the real interest rate is shown below:-

Real interest rate = Nominal interest rate - Inflation rate

= 10% - 7%

= 3%

Therefore, for computing the real interest rate we simply deduct the inflation rate from the nominal interest rate.

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3 years ago
Dollar Co. sold merchandise to Pound Co. on account, $25,500, terms 2/15, net 45. Pound Co. paid the invoice within the discount
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Answer:

$24,990

Explanation:

2/15 net 45 means that if the customer pays within the period of 15 days, he will get the discount of 2% of invoice amount, otherwise he has to pay the whole amount of invoice within the period of 45 days.

In the given scenario, since the Pound Co. has paid the invoice within the discount period, so therefore, the Pound Co. has availed the discount of 2% and accordingly the sales amount shall be recorded as follows:

Sales amount=Invoice amount*98%

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8 0
3 years ago
She has decided to use some of her profits to open a furniture store specializing in furniture made from sustainably sourced woo
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This is an example of market development growth.

<h3>What is market development?</h3>
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  • A development plan focuses on non-buying clients in the segments that are already targeted.
  • Additionally, it aims to reach fresh markets of clients.
<h3>What is custom?</h3>
  • A custom is a long-standing behavior of an individual or group (such as a daily routine) (such as a cultural practice).
  • When used as an adjective, custom designates something created to specific requirements, especially something distinctive.
  • Custom-made is a synonym for it.
<h3>What is market penetration?</h3>
  • When a product or service is successfully sold in a particular market, this is referred to as market penetration.
  • The sales volume of an existing good or service in relation to the overall target market for that good or service is used to measure it.
<h3>What is product development?</h3>
  • New product development in business and engineering refers to the entire process of launching a brand-new product, updating an already-available product, or launching a product in a new market.
  • Product design, along with many commercial factors, is a key component of NPD.
<h3>What is diversification?</h3>
  • Diversification in finance refers to the process of allocating capital in a way that limits exposure to any one specific asset or risk.
  • Investing in a variety of assets can help lower risk or volatility, which is a frequent step towards diversification.

Therefore, this is an example of market development growth.

Know more about markets here:

brainly.com/question/906651

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6 0
1 year ago
Which professional’s advice is Peter seeking? Peter wants to buy office space for his new business. However, he is not sure if t
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Peter is consulting someone who sells commercial real estate. Peter wants to make sure he's in a good place business wise and that it is the best time before he makes the purchase for a new building. By consulting the agent, he can get a better understanding of when the right time to purchase will be. 
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3 years ago
Read 2 more answers
50k in 2018 what is it?
soldi70 [24.7K]

Answer:

It means that 50,000 dollars was made in 2018

Explanation:

5 0
2 years ago
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