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shepuryov [24]
4 years ago
12

Jennifer received news that she is getting a 5% raise. However, the Bureau of Labor Statistics just reported that prices are ris

ing by 7%. Based on the given information, which of the following is true? Jennifer's purchasing power will rise by 2%. Inflation has no impact on purchasing power. Jennifer's purchasing power will rise by 7%. Jennifer is losing purchasing power by 2%
Business
1 answer:
Feliz [49]4 years ago
4 0

Answer:

Jennifer is losing purchasing power by 2%.

Explanation:

An increase in prices indicates a decrease in the purchasing power of the consumers. An increase in income means an increase in the purchasing power of the consumers.  

A 5% raise means that Jennifer's income will increase by 5% and so will her purchasing power. But at the same time, a price rise by 7% means that her purchasing power will decrease by 7%.  

This means that overall her purchasing power will decrease by 2%.

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costco, a popular retail chain in north america, recently opened three new stores in sacramento to cater to its customers. this
just olya [345]

The fact that Costco opened three new stores to serve its customers exemplifies the growth strategy.

<h3 /><h3>What is the growth strategy?</h3>

It corresponds to an organizational plan that defines courses of action with the objective of reaching new markets and consumers. Some growth strategies are related to increasing market share, increasing investments and including benefits in the goods offered.

Therefore, a growth strategy when well implemented helps a company to create more value for the consumer, attracting and retaining them, in addition to becoming more competitive and positioned in the market.

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6 0
1 year ago
What does the SSN on the student financial application form mean?
Murrr4er [49]

Answer:

Social Security Number

5 0
3 years ago
"Rico's Grill, Inc. is solely owned by Rico Vito. Rico's Grill borrows $10,000 from a local bank to finance the purchase of a ne
Aneli [31]

Answer:

Need not make any special disclosure

Explanation:

The reason is that it is not a parent-subsidiary transaction which means if the group as a whole trade with each other then they must add a special disclosure in the financial statement otherwise it must be neglected. The company must not specially disclose small borrowings from the lenders when it is presenting that figure in the financial statement borrowing figures. If the transaction is between the group or the borrowings are prominent it must be disclosed separately in the note to financial statement.

8 0
3 years ago
Suppose that the u.s. government doubles its spending on health care. the _____ curve shifts _____, output _____, and prices ___
denpristay [2]

The <u>aggregate demand</u> curve shifts <u>right</u>, output <u>increases</u>, and prices <u>increase</u> when the U.S. government doubles its spending on health care.

Aggregate demand or AD refers to the total demand for all individual goods and services.

The aggregate demand and supply for an economy can be depicted by a schedule, a curve, or even an algebraic equation. Just like the demand and supply for individual goods and services.

The total quantity of all goods and services that the economy demands at various price levels is illustrated by the aggregate demand curve.

Therefore, if the U.S. government doubles its health care spending, the aggregate demand curve shifts right, output rises, and prices rise.

Know what happens when there's equilibrium or when supply and demand meet: brainly.com/question/1342403

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8 0
2 years ago
Rich and Lucy were married for 52 years. Rich died on May 9, 2020. Lucy has no dependents, and she did not remarry. The correct
KATRIN_1 [288]

Based on the year that Rich died and the year that Lucy is filing her taxes, the most favorable filing status is <u>Married filing jointly. </u>

Current tax laws are such that if a person loses a spouse in a certain year and does not remarry in that year, they can file in a joint manner with their now late spouse.

Rich died in 2020 and Lucy did not remarry. Lucy's 2020 returns can therefore be filed as a joint filing with Rich even though he is no longer alive.

In conclusion, the correct answer is option A.

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4 0
3 years ago
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