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
stepan [7]
3 years ago
13

According to the Census Bureau, in October 2016, the average house price in the United States was $354,900. In October 2000, the

average price was $215,100. What was the annual increase in the price of the average house sold? (Do not round intermediate calculations)
Business
1 answer:
Mars2501 [29]3 years ago
4 0

Answer:

3.18%

Explanation:

Calculation for the annual increase in the price of the average house sold

We are suppose to use this formula FV = PV (1+r)^t but since we are looking for R the formula to use will be:

R = (FV / PV)^1/16– 1

Let note that 2016-2000 will give us 16 years

Where,

FV=$354,900

PV=$215,100

Let plug in the formula

R= ( $354,900/$215,100 )^1/8)16– 1

R=(1.6499)^1/16-1

R=1.0318-1

R=0.0318×100

R=3.18%

Therefore the annual increase in the price of the average house sold will be 3.18%

You might be interested in
Outsourcing means that :
g100num [7]

Answer:

B

Explanation:

It is the correct answer and outsourcing is were another company hires a company to essentially do their job. But done by a different company.

7 0
4 years ago
Economists usually assume that production is subject to increasing opportunity costs because: a. higher production usually resul
umka2103 [35]

Answer:

d. not all resources are equally suited to producing every good.

Explanation:

The rule of increasing cost of opportunity is the principle that, when you keep increasing the development of one item, the cost of opportunity of creating the next unit rises. It occurs just as you redistribute resources to create one product which was ideally suited to create the initial product.

8 0
3 years ago
Research suggests that people just care about getting a paycheck out of their jobs.
quester [9]

Answer (1)

<em>False</em>

Explanation:

Getting a paycheck is not what most people want out of their job, <em>studies have shown that some people, contrary to the general believe actually look for other things asides paycheck from their jobs.</em> Some of these factors that encourages people into finding fulfillment in their jobs includes permanent flexibility of the working time, commitment into to health and well being of the staffs by the employer of these people, etc. <em>This factors creates a sense of purpose in the workers, encouraging them to put their body and soul into the job without thinking too much about the paycheck.</em>

Answer (2)

<em>True</em>

Explanation:

<em>Different people have different reasons for working</em>, although some just work for the paycheck, others are driven by a sense of purpose among other things. To some people, the work setting provides a sort of belonging and gives them the impression of working in a team, which is what most people actually want.

Answer (3)

<em>2. Belongingness</em>

<em></em>

Explanation:

As stated, some workers just want the setting that provides a sense of belonging and security within a team. <em>This type of workers are not too concerned with the paycheck increase that comes with a promotion if it takes them away from their perceived team.</em>

8 0
3 years ago
Why there is limited foreign investment in Ethiopia?​
matrenka [14]

Answer:

mainly because of the countries negative trade balance, but also because it is strictly regulated by the central bank which is the National bank of Ethiopia.

5 0
2 years ago
Choose the correct choice; At the current price level, producers supply $375 billion of final goods and services while consumers
Solnce55 [7]

Answer:

The price level is A) Above equilibrium.

Explanation:

Normally, every economist believe that a lower price attracts a higher demand. This is so when the behaviour of consumers are measured when choosing a product.  Many consumers go for a low priced product or cheaper product over a high priced product or expensive product irrespective of quality, taste or satisfaction derived from consuming them.

Price relating to market or in terms of quantity demanded and quantity supplied is referred to as equilibrium price or equilibrium quantity. When the market price is below equilibrium, quantity supplied of a product will be less than the quantity demanded for it because the price of goods are cheaper. But when price is above equilibrium, quantity supplied will be greater than quantity demanded because the price of goods is high.

7 0
3 years ago
Other questions:
  • After reviewing the existing data on seasonal spending by his company's customers, Marvin decided he needed new information coll
    12·1 answer
  • During the Great Depression, the gross domestic product in the United States fell 30 percent. What do you think happened to the
    12·1 answer
  • The first item appearing on the statement of owner's equity is Select one: a. net income b. the ending balance of owner's equity
    8·1 answer
  • Which of the following situations would be most likely to lead to an increase in interest rates in the economy?
    15·1 answer
  • During its first year of operations, Anthony Lupa set up Lupo Inc. and invested $15,000 in the corporation. The company earned $
    15·1 answer
  • Burns Corporation's net income last year was $98,300. Changes in the company's balance sheet accounts for the year appear below:
    12·1 answer
  • Assume a pension fund purchased stock at $53. Call options at a $50 exercise price presently have a $4 premium per share. The pe
    11·1 answer
  • Suppose the u.s. house of representatives is debating a bill to fund construction and maintenance for the nation's highway syste
    5·1 answer
  • PLEASE HELP ME ILL MAKE YOU BRAINLIEST
    9·1 answer
  • Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V, which was started and completed during
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!