The real value of your savings if the price level increases by 6 percent for the year will be $5,660.
If the price level increases by 6%, then the year-end price level index would be 106.
Real value of savings = 6,000 * (100 / 106) = $5,660
The charging stage is the average of contemporary costs across the whole spectrum of products and services produced in an financial system. In extra preferred phrases, price level refers back to the rate or value of an excellent, service, or security in the financial system.
the general rate level is a hypothetical degree of average expenses for some set of products and services, in an economic system or monetary union for the duration of a given c program language period, normalized relative to some base set. Generally, the overall price degree is approximated with a each day charge index, commonly the Daily CPI.
We are able to think of this charge level for a basket of products as a popular fee index that is created from diverse items and services within the USA. For instance, the customer price index (CPI) within America is a representative rate degree for a basket of goods.
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This is true and simple safety precaution. A simple question what happens when you combine electricity and water? Nothing good comes from that. The dampness in the area can come together to form water drops sort of like rain and if that gets into the outlet then it wont be good. Hope this helps!
Answer:
The right answer is option (C).
Explanation:
Earned income can be defined as the income of a person which he earns by working and efforts.
Hence according to the question, the most appropriate answer is option (C) because interest earned from a bank account is not the result of any personal efforts and hence it is not considered as earned income for EIC.
While the other options are wrong because of the following reasons:
- Wages can be defined as the income a person gets after working for some company, hence it is considered as the earned income.
- Tips are also an outcome of personal efforts to make clients happy and hence it also considered as the earned income.
- Self-employed income can be defined as the income a person gets for his work as a freelancer and hence it also considered as the earned income.
Answer:
The correct answer is letter "B": social entrepreneur.
Explanation:
Social entrepreneurs are people interested in going into ventures not necessarily to generate revenue but for making a good to their societies. Their organizational activities mainly focus on providing pollution-free goods or acting as a philanthropic entity. These institutions have a high corporate social responsibility that aims to last over long periods.
