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masya89 [10]
3 years ago
8

Rick Palmer received a $2,500 raise this year. This increased his salary as an associate TV producer from $45,000 to $47,500. Wh

at percentage increase in nominal income did Rick receive?
Business
1 answer:
PilotLPTM [1.2K]3 years ago
4 0

Answer: Rick had a 5.55%  nominal salary Increase.

Explanation:  In Finances & Economics , Nominal value is measured in terms of money . This means that the value has not been adjusted against inflation and will only show the "Number Value" rather than the economic value which is how much purchase power this salary increase really means.

The formula to calculate the % for this nominal increase is : (Final Value - Initial Value) / Initial Value * 100 ==>> ($47500-$45000)/$45000 = 0.55 *100 ===> 5.5%

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___ comes from increases in the money supply.
vagabundo [1.1K]

Answer:

Consumer Price Index (CPI)

Explanation:

1- By definition CPI is the weighted average of a consumer's basket volume for any purchase service or good. When money supply increases, GDP increases, and the spending of a customer increases. Hence resulted in increased CPI.

2- Interest rate decreases when money supply increases

3- Inflation is by definition a steady increase in the money supply if a country. So one can be replaced by another. Inflation does not come from money supply increase, it is in fact money supply increase

8 0
2 years ago
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What are some examples of financial institutions that people use to manage their money. Please give at least 2 examples describi
matrenka [14]

Answer:

<h3>Here we take a look at these, from central banks to neighborhood banks and everything in between.</h3>

Explanation:

Central Banks.

Savings and Loan Associations.

Credit Unions.

8 0
2 years ago
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Kraft Foods Inc. joined with the National Latino Children's Institute to announce Salsa, Sabor y Salud - a first-of-its-kind hea
Alik [6]

Answer:

Strategic Giving

Explanation:

The strategy undertaken by Krafts foods is to serve a larger purpose to create a positive imagery in the minds of consumers. In order to fight against obesity Krafts develops a partnership to impact on the emotional aspect of their future consumers i.e Hispanic families.

Entering into new markets through strategic giving helps to establish positive image in the minds of their potential consumers.

3 0
3 years ago
At the price of $4 a book, Hannah buys 6 books and Nene buys 5 books. When the price rises to $7 a book, Hannah buys 3 books and
UkoKoshka [18]

Answer:

4

Explanation:

Demand is the quantity of goods and services bought at a given price.

The higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded. This is known as the law of demand

Market demand is the sum of demand of individuals at a given price

market demand at $7 = 3 + 1 = 4

7 0
2 years ago
Illiquid currencies tend to exhibit ________ volatile exchange rate movements, as the equilibrium prices of their currencies adj
Sunny_sXe [5.5K]

Answer:

B) More; even minor

Explanation:

Illiquid (or exotic) currencies are foreign currencies that are not generally traded in exchange markets. They trade at very low volumes and are usually extremely volatile since both the demand and supply is very limited. Since there are very few suppliers and consumers of exotic currencies, any additional transaction can result in large changes in their value.

3 0
2 years ago
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