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3 years ago

Generally, as the proportion of middle-income households in a country increases, the nation's purchasing power __________.

Business

1 answer:

erica [24]3 years ago

5 0

Answer:

Increases

Explanation:

Generally, as the proportion of middle-income households in a country increases, the greater (an increase) nation's purchasing power.

Actually, the purchasing capability increases in proportion to an increase in the income of households.

Purchasing power is known as the currency value which is usually seen in the amount of goods or services that a unit of money can buy.

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What is an essential government role in market economies select one of the options below as your answer:

slavikrds [6]

The correct answer to this question is letter "b. to prevent monopolies and collusion." An essential government role in market economies is to prevent monopolies and collusion. If it happens that there is monopoly and collision, then it will be a big problem to consumer.

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2 years ago

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When is it not necessary to build a new market supply schedule?

AVprozaik [17]

The question is asking to states when is it not necessary to build a new market supply schedule and base on my research and further understanding, I would say that the answer would be when there's no demand or when there's a huge surplus. I hope you are satisfied with my answer and feel free to ask for more

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3 years ago

Two brothers each open IRAs in 2009 and plan to invest $3,000 per year for the next 30 years. John makes his first deposit on Ja

Goryan [66]

Answer:

Future value of John's investment

FV = A(1+r)n+1 - (1+r)

Fv = $3,000((1 + 0.07)30+1 - (1 +0.07))

0.07

FV = $3,000((1.07)31 - (1.07)

0.07

FV = $3,000 x 101.0730414

FV = $303,219

Future value of Bill's investment

FV = A((1 + r)n - 1)

FV = $3,000 ((1 + 0.07)30 - 1)

0.07

FV = $3,000((1.07)30 - 1)

0.07

FV = $3,000 x 94.46078632

FV = $283,382

The difference in the value of IRAs

= $303,219 - $283,382

= $19,837

The correct answer is A

Explanation:

In the first case, we need to apply future value of annuity due formula since deposits are made at the beginning of each year.

In the second case, we need to apply future value of an ordinary annuity formula since deposits are made at the end of each year.

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3 years ago

At 4 percent inflation, how much time will it take for prices to double

Delvig [45]

Answer:

eighteen years is the correct answer.

Explanation:

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3 years ago

What strategies can you use to remain committed to and on track towards achieving your goals over the next 12 months?

iVinArrow [24]

Answer:

One thing you can do is to keep a journal (or a to-do list) in order to keep track of what you have to do and when

Another thing you can do is somehow reward yourself when you accomplish a goal, making yourself wanting to accomplish more.

The last thing I recommend is to have one of your friends/family members to help you with this as well. Make them encourage you to get done with what you need

Explanation:

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3 years ago

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