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stealth61 [152]
3 years ago
5

help! Suppose you received a 3 percent increase in your nominal wage. Over the year, inflation ran about 6 percent. Which of the

following is true? a. Your real wage fell. b. Your nominal wage fell. c. Both your nominal and real wages decreased. d. Although your nominal wage fell, your real wage increased. e. Both nominal and real wages increased.
Mathematics
1 answer:
miss Akunina [59]3 years ago
8 0

Answer: Option 'a' is correct.

Step-by-step explanation:

As we know that

Nominal wage is the value of wage in dollars that a particular person gets, whereas the real wage is the value of wage he is actually used that shows the purchasing power of a particular person.

If the wage is increased by 3%, and the inflation is increased by 6%.

Then, the nominal wage has increased but real wage decreased due to increase in inflation.

Hence, option 'a' is correct.

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3 0
3 years ago
A survey of athletes at a high school is conducted, and the following facts are discovered: 13% of the athletes are football pla
nekit [7.7K]

Answer:

The probability that an athlete chosen is either a football player or a basketball player is 56%.

Step-by-step explanation:

Let the athletes which are Football player be 'A'

Let the athletes which are Basket ball player be 'B'

Given:

Football players (A) = 13%

Basketball players (B) = 52%

Both football and basket ball players = 9%

We need to find probability that an athlete chosen is either a football player or a basketball player.

Solution:

The probability that athlete is a football player = P(A)= \frac{13}{100}=0.13

The probability that athlete is a basketball player = P(B)= \frac{52}{100}=0.52

The probability that athlete is both basket ball player and  football player = P(A\cap B) = \frac{9}{100}=0.09

We have to find the probability that an athlete chosen is either a football player or a basketball player P(A\cup B).

Now we know that;

P(A\cup B)= P(A) + P(B) - P(A \cap B)\\\\P(A\cup B) = 0.13+0.52-0.09=0.56\\\\P(A\cup B) = \frac{0.56}{100}=56\%

Hence The probability that an athlete chosen is either a football player or a basketball player is 56%.

5 0
4 years ago
Currently you have $80 and your sister has $145. You decide to save $6 of you allowance each week, while your sister decides to
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You can solve the problem this way:

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86/138 (Week 1)

92/131 (Week 2)

98/124 (Week 3)

104/117 (Week 4)

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