Answer:
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Answer:
The options which is NOT correct is C.
Purchasing power does not increase with inrease in the rate of inflation. There is an inverse relationship between inflation and purchasing power of money.
Explanation:
Inflation refers to the overall increase in prices of goods and services and the erosion of the power of the currency to purchase those goods and services. In otherwords, when inflation happens, one requires more dollar bills to purchase same unit of goods or services.
Deflation is the opposite of inflation. It refers to the decrease in the prices of goods and services and is usually accompained by an increase in the purchasing power of the currency.
Nominal interest rate simply put is the interest payable on a loan without considering processing fees, compounding interest payable and the erosion of the value of such money.
Cheers!
Answer:
minimize
Explanation:
Tax Liability refers to the tax amount owed by the person or company and which is paid to the local tax authorities. However, there are certain rules that assist in calculating the tax liability of an individual or company. In order to minimize this amount an individual or a company needs to properly plan their financial benefits (such as income, savings and/or dividends) and discuss with tax consultant on the best way to minimize the tax liability.
Answer:
Explanation:
America has an absolute advantage in selling everything, a comparative advantage in selling mobile phones, a comparative advantage in selling tablets in Brazil
so we choose D
There is 24 hours in a
day and you need to rest for 10 hours a day, so working hours = 14 hours
There is 60 minutes in
one hour so if you count one dollar per sec,
14 hours/day x 60 min/hr
x 60sec/min x $1 / sec = $50,400
So you can count $50,400/day
and when there is $5 billion which is equal to = $5,000,000,000
And there is 365 days in
a year so,
<span>$5,000,000,000 / ($50,400/day)
= 99206.35 / 365 = 271.8 years</span>