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
bazaltina [42]
2 years ago
10

If your nominal income rose by 5.3 percent and the price level rose by 3.8 percent in some year, by what percentage would your r

eal income (approximately) increase? Instruction: Round your answer to one decimal place. % If your nominal income rose by 2.8 percent and your real income rose by 1.1 percent in some year, what must have been the (approximate) rate of inflation? Instruction: Round your answer to one decimal place. %
Business
1 answer:
dimulka [17.4K]2 years ago
4 0

Answer:

1. Increase in real income percentage = 1.5%

2. Rate of inflation = 1.7%

Explanation:

For computing the percentage of how much real income would increase, we have to apply the formulas which are shown below:

The increase in real income percentage  would be equal to

= increase in nominal income percentage - increase in price level percentage

= 5.3% - 3.8%

= 1.5%

And, the rate of inflation equals to

Nominal income - the rate of inflation = Real income

2.8% - rate of inflation = 1.1%

So, the rate of inflation = 1.7%

You might be interested in
Why is it important to use the right strategies to beat competition?:​
Cloud [144]

Answer:

Therefore, competitive strategy is essential for the survival of the product in the market. Having a new competitive strategy to beat rival companies or their products by renaming or redesigning their products will help the company to be more profitable and create an image new on the market.

3 0
2 years ago
Which items are consequences of globalized trade for a developed nation that begins to import more goods and services from less-
Vaselesa [24]

Answer:

Globalization has resulted in great opportunities for businesses from less developed countries to take a hold over the more and much bigger markets from all over the world. Hence, the business over there has the opportunity for better capital flow, human capital, technology, larger export, and low-cost imports, And since they export their products at lower rates, the developed countries import from them more goods and services to save capital.

However,

1. These products lack quality.

2, And they are more prone to defects as well as wear and tear, as a developed country's technology is far superior to those of developing countries. However, now the developing countries are picking up the speed, and coming up with better technology to match that of developed, because of better education facilities, and proper training.

Explanation:

Please check the answer.

5 0
3 years ago
How do you say 0.000354​
nikitadnepr [17]

Answer:

"Zero point zero zero zero three five four"

Explanation:

When you say the numbers after the decimal, you read each digit separately.

This is opposed to the number before the decimal, where you read the numbers together. (For example, 45.56 is forty-five point five six).

7 0
2 years ago
Read 2 more answers
When you share a board with a team member in hootsuite analytics, you can allow that team member to adjust the parameters of the
Vesna [10]

The answer is: "can-edit"

By setting this permission, this mean that all the people that has been granted an access to the board has the authority to make any changes on the board. This allow workers to divide their labors even if they are not physically close with one another. (for example, it usually used by tech company that hire freelancers from another country)

7 0
3 years ago
Read 2 more answers
Kate enjoys horseback riding and has been wanting a new show saddle for her
Elina [12.6K]
He is very happy his daughter can reach her goal but he wants to make sure she is definitely sure on what she wants to spend the money on
7 0
3 years ago
Read 2 more answers
Other questions:
  • 1 Select the correct answer. Steven is an HR manager in a large company. After several interview rounds, he has selected a candi
    6·1 answer
  • Hannah purchased 65 shares of Best Buy stock at $36 per share. After 3 years, Hannah sold the stock for $43 per share. During th
    6·1 answer
  • Forest & Field Company makes and leases a backhoe to Zac. Due to a defect attributable to Forest & Field's negligence, Z
    14·2 answers
  • True or False: To segment the rights to which certain common shareholders are entitled, companies often separate common equity i
    9·2 answers
  • A company makes three products that have the following characteristics: Product A sells for $75 but needs $50 of materials to pr
    7·2 answers
  • Taylor devotes a lot of time to his fam and his friends. It is obvious he values ______.​
    13·1 answer
  • Dan, and Mike are brothers. They plan to begin savings plans when each is exactly 25. Each brother plans to save $6,000 per year
    13·1 answer
  • Which of the following statements is correct?
    10·1 answer
  • Penetration pricing doesn't work if ________.
    8·1 answer
  • Tony, the human resources manager for TopShelf Beverages, is confidentially working with line managers to lay off a significant
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!