1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
xz_007 [3.2K]
3 years ago
7

Suppose the CPI was 140 last year and is 168 this year. a. What is this year’s rate of inflation? Instructions: Enter your respo

nse as a percentage rounded to one decimal place. Use a minus sign if necessary. b. In contrast, suppose that the CPI was 140 last year and is 134 this year. What is this year’s rate of inflation? c. What term do economists use to describe this second outcome?
Business
1 answer:
mrs_skeptik [129]3 years ago
7 0

Answer:

a) Inflation =     = 20%

b) Inflation = -4.3

c) Deflation

Explanation:

The rate of change in the consumer price index is used to measure the movement in price level . An increase in the price level is termed inflation and a decrease is termed deflation.

a)

Inflation =( Current CPA/previous CPI) -1  ×  100

           = (168/140) - 1 × 100

            = 20%

b)

Inflation = (134-140)/140 × 1   = -4.3%

c) The second outcome is called deflation

You might be interested in
The new team leader is a seasoned executive recognized for her strengths in leadership and team structuring. She also has the po
horrorfan [7]

Answer:

Explanation:

There is not enough data to answer that, imo, is there a group to choose from?

She might want to choose similarly minded people who will support her fight. Yet, a team should be balanced to fill all roles. Can you give more context to this question?

7 0
3 years ago
Taco Bell test marketed Doritos Locos Tacos for three years and developed 45 prototypes. Once the decision was made to launch th
LuckyWell [14K]

Answer:

Product development.

Explanation:

The product development stage is the initial part of a product life cycle. Market research is carried out at this stage to determine how well the product will sell in the market.

Product development stage involves the creation of a particular product from an idea and then introducing it into the market. Getting feedback about the product from test users is very important in this stage.

5 0
3 years ago
Solstice Company, which uses the direct write-off method, determines on October 1 that it cannot collect $66,000 of its accounts
saul85 [17]

Answer:

The journal entry for recovery is shown below:

Explanation:

When the company, determine that it could not collect the amount, then the entry which should be recorded is:

Accounts receivable A/c..........Dr  $66,000

            Bad debts expenseA/c........Cr  $66,000

But on October 30, the company received the full amount from the customer, then entry for recovery of the bad debt is as:

Cash A/c.................................Dr    $66,000

      Accounts Receivable A/c.......Cr   $66,000

4 0
3 years ago
Sasha has just gotten a new job in a nearby city. After comparison shopping, she found that renting a nice two-bedroom apartment
kramer

Answer:

The advantage over buying the house over renting the apartment is that, you would own the house instead of just renting it. If you own the house, and the mortgage covers everything including repairs if you buy the house while if you need a repair in a rented apartment it would probably cost a fortune. Living in an apartment means that if the owner decides they want to rent the house or sell the house, that you will have to move (or pay for a mortgage which you might as well buy the house that's bigger than buy the apartment.)

Hope this helps! :) Plz mark as brainliest!

8 0
3 years ago
Explain, using examples, the abuse of monopoly power as a market failure.
saw5 [17]

Answer:

Explanation:

A monopoly is a market structure where there is only one supplier of a product and many buyers. An example of a monopoly is Microsoft; it is a price setter in the market. Abuse of monopoly power can occur when a firm dominates the market meaning no competitors within the industry. This abuse   could be in form of limiting output or setting higher prices to benefit from supernormal profits . This therefore leads to less choice for consumers.Over time, monopolies can become less innovative because they do not have competition and causing the market to fail and be inefficient; the price mechanism fails to take into account all of the costs and/or benefits of providing and consuming a good.

3 0
4 years ago
Other questions:
  • ____ describes the period of time in a twenty-four-hour period that is spent at work.
    9·2 answers
  • Which of the following is a deductible loss for income tax purposes?
    15·1 answer
  • Holtzman Clothiers's stock currently sells for $19.00 a share. It just paid a dividend of $1.00 a share (i.e., D0 = $1.00). The
    15·1 answer
  • Henry Hacker, a professional golfer who was having trouble with his driver, decided to skip the next two tournaments on the PGA
    8·1 answer
  • What is the probability that small-company stocks will produce an annual return that is more than one standard deviation below t
    12·1 answer
  • Assume Zap industries reported the following adjusted account balances at year-end. 2019 2018 Accounts Receivable $ 1,690,200 $
    15·1 answer
  • Stationery Supplies is considering installing an inventory control system in its store in Provo, Utah. The store carries about 1
    7·1 answer
  • Paid to Legal advisor as legal expenses Rs 8,000.<br>​
    10·1 answer
  • Suppose that a competitive firm hires labor up to the point at which the value of the marginal product equals the wage and that
    14·1 answer
  • 40 points easy question
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!