Answer:
1 is the base index of CPI, so a value of 0.418 means that the prices were 0.418 times the base index and 2.4 means that prices were 2.4 times the index
The 1972 graduate's job paid $7200 in nominal terms and (7200/0.418) in real terms
Real terms 1972= 17224
Real terms 2016= 25000
17224/25000= 68%
The 1972 graduate's job paid 68 percent of the 2016 graduates job in real terms.
Explanation:
Answer:
Virtual.
Explanation:
Virtual means not physically existing as such but made by software to appear to do so.
Answer: True
Explanation:
Beef surplus in the market simply means that there's excess of beef in the market. In this case, the quantity supplied for beef is more than the quantity that the consumers demand, which means that the price at which beef is sold is more than the equilibrium price.
Due to thus reason, the government must mandate lower prices as this will help in increasing the quantity demanded of beef, reduce quantity supplied and hence, the surplus will be curtailed.
The balance sheet of a company provides important information on the assets owned by the company, its liabilities, and the shareholder’s equity. They are essentially financial statements that outline the financial condition and history of a company.
Balance sheets have various purposes. They help stakeholders to assess and evaluate the business, and take important decisions that promote their interests.
The management may use it to strategize and chart out future plans to cut costs, invest and expand in certain areas, etc. Investors use it to decide whether or not to pour money into the company. Lenders evaluate the credit worthiness of the company, and decide on forwarding loans to it.
To learn more about balance sheets : brainly.com/question/19552006
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Answer:
Scarcity refers to the basic economic problem, the gap between limited that is, scarce resources and theoretically limitless wants. This situation requires people to make decisions about how to allocate resources efficiently, in order to satisfy basic needs and as many additional wants as possible.
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