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8_murik_8 [283]
3 years ago
8

If your nominal wage rises but you think that it automatically means your real wage rose, then:a.you are suffering from money il

lusion.b.you are experiencing the substitution effect.c.you are suffering from the heterogeneity illusion effect.d.you are experiencing the income effect.e.you are suffering from the price confusion problem
Business
1 answer:
Scilla [17]3 years ago
8 0

Answer:

If your nominal wage rises but you think that it automatically means your real wage rose, then you are suffering from money illusion.

Explanation:

In money illusion, one thinks money is nominal rather than real.

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Belgium's real GDP per person is $33,000 and Austria's is $34,700. The population growth rate in Belgium is 0.13 percent and the
SpyIntel [72]

Answer:

A) Belgium's standard of living will never equal Austria's.

Explanation:

The rates of change in the GDP per person for both Austria and Belgium are, respectively:

R=\frac{GDP_1}{Population_1} -\frac{GDP_0}{Population_0}\\R_A = \frac{1+0.033}{1+0.0008}-1=0.03217\\R_B = \frac{1+0.03}{1+0.0013}-1=0.02866

Comparing both rates of change, it can be observed that Austria's GDP per person is increasing at a higher rate than Belgium's, and since Austria initially had a higher GDP per person,  Belgium's standard of living will never equal Austria's.

5 0
3 years ago
In a database, a group of related records is referred to as a(n) ________.
valentinak56 [21]
It is referred to as a table.
7 0
3 years ago
$1,000 par value zero-coupon bonds (ignore liquidity premiums) Bond Years to Maturity Yield to Maturity A 1 6.00% B 2 7.50% C 3
Law Incorporation [45]

Answer:

$842

Explanation:

The computation of the One year from now bond C should sell is shown below;

But before that we have to determined the expected yield to maturity for bond C in one year :

So,  

1.0799^3 = 1.06 x (1 + r)^2

1.188 = (1 + r)^2

√1.188 = √(1 + r)^2

1.08999 = 1 + r

r = 0.08999

= 9%

Now

the yield to maturity  = (future value ÷ present value)^0.5 - 1

0.09 + 1 = ($1,000 ÷ value in 1 year)^0.5  

1.09 = ($1,000 ÷ value in 1 year)^0.5

1.09^2 = $1,000 ÷ value in 1 year

So,

value in 1 year is

= $1,000 ÷ 1.09^2

= $1,000 ÷ 1.1881

= $841.68

≈ $842

5 0
3 years ago
"A primary dealer buys Treasury Securities in a competitive bid at the weekly Treasury Auction. Settlement between the dealer an
Svetllana [295]

Answer:

On issue date

Explanation:

A primary dealer buys Treasury Securities in a competitive bid at the weekly Treasury Auction. Settlement between the dealer and the Treasury occurs on issue date

5 0
3 years ago
Is esports better than sports? Explain?
romanna [79]

Answer:

Sports are better than esports

Explanation:

Sports are not only important for physical health but also for mental health.

3 0
3 years ago
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