Answer:
To answer properly, it is better to define core inflation:
Core inflation measures the changes in goods and services <u>excluding</u> from the analysis the <u>prices of food and energy sectors</u>, which <u>fluctuate more than the rest of the elements of the index.</u>
Then, when inflation is calculated, the prices of all goods and services included in the CPI are used, while when core inflation is calculated, prices of food and energy sector are excluded.
Core inflation allow us to perceive long term tendencies in prices.
- Concerns policymakers more than the level of core inflation. FALSE: while <u>core inflation allow us to follow tendencies in the price levels,</u> inflation may change suddenly because of an abrupt change in energy prices, for example, which may be seasonal, not representing a sustainable in the long run prices tendency.
- Is generally more volatile than core inflation. TRUE. Inflation measure does include the changes in prices of food and energy, which by nature are more unstable than the rest of the prices in the economy, making inflation measure more volatile than core inflation.
- Does not include the most price-flexible goods in the economy: FALSE (this will be core inflation instead of inflation).
- Is generally less volatile than core inflation. FALSE: see definition of core inflation above and its implications.
Answer: deduct the check amount from the bank balance
Explanation:
From the question, we are informed that during the month of July, Clanton Industries issued a check in the amount of $934 to a supplier on account but the check did not clear the bank during July.
Since we are told that the check did not clear the bank in July, when preparing the July 31 bank reconciliation, the company should make sure that the amount on the check is deducted from the balance of the bank.
Answer:
yes it can be and no they shouldn't be.
Explanation:
yes, even though unlikely to happen it is possible to do something (write,play or invent etc) and not be aware that that already exsists. And it is not your fault for making something that you did not know is already made.
Answer:
The amount in Bob's account is $26320.516
Explanation:
The total amount saved each month for the down payment (A ) = $315
The interest rate per month (r ) = 0.41 %
Number of years (n ) = 6 years
Below is the calculation to find the total amount in Bob’s account. Here, we will take the number of compounding period as 72 because the interest rate is monthly compounded and there are 72 months in 6 years.
Answer:
B. an economic profit of $6.50
Explanation:
Note: The full question is attached
Price Q TR MR Output TC MC
2.75 3 8.25 - 3 4 -
2.50 4 10 1.75 4 4.5 0.5
2.25 5 11.25 1.25 5 4.75 0.25
2 6 12 0.75 6 5.75 1
1.75 7 12.25 0.25 7 7.75 2
For profit Max MR = MC. MC>MR
At Q = 5, MR = 1.25 & MC = 0.25
Economic profit = TR - TC = 11.25 - 4.75 = $6.5
But at Q = 6, MR = 0.75 MC = 1. Net benefit is negative