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bazaltina [42]
3 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]3 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%

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RSB [31]

Answer:

Common quantitative methods include experiments, observations recorded as numbers, and surveys with closed-ended questions. ... Common qualitative methods include interviews with open-ended questions, observations described in words, and literature reviews that explore concepts and theories

Explanation:

6 0
2 years ago
On January 1, 2009, Diego owed $14,033 to his friend Ricardo, who was kind enough not to charge Diego any interest. Each month d
aleksandrvk [35]

Answer:

$481

Explanation:

Amount paid = Amount lent - Amount left

Amount paid = $14,033 - $8,261

Amount paid = $5,772

Average amount paid each month = Amount paid / Number of months

Average amount paid each month = $5,772 / 12

Average amount paid each month = $481

So, the average amount of Diego's monthly payments is $481.

6 0
3 years ago
The secret to effective sales is to have a
melamori03 [73]

Answer:

Unique selling proposition (USP)

Explanation:

USP stands for Unique selling proposition, which is defined as the concept of marketing first, proposed as a theory for explaining a pattern in a successful campaigns of advertising.

It defines or means that such kind of campaigns should be made unique or distinctive propositions to the customer or clients in order to convinced them for switching or shifting the brands.

So, the secret for having a effectives sales, to have a USP (Unique Selling Propositions).

5 0
3 years ago
Soft skills are ________; they are more or less relevant in every job, at every level, and throughout your career.
Georgia [21]

Soft skills are portable because they are somewhat applicable in every position, at every level, and over the course of your career.

What do soft talents entail?

People require soft skills, or interpersonal abilities, in order to succeed at work. This could entail the capacity to multitask, manage time effectively, and work well in teams. Soft skills are essential for success in any job, but they are crucial in social work in particular.

Numerous stakeholders, each of whom may have diverse interests, are involved in a significant amount of the work that is done in the social sector. In situations like this, having the proper interpersonal skills is essential to coming to a successful conclusion.

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3 0
1 year ago
If the inflation rate decreased from 3.33% to 2.90% between October and November, while the nominal interest rate increased from
Rudiy27

Answer:

1.90%

Explanation:

There is the accordance or connection between nominal and real interest rates. It is basically possible to convert from nominal interest rates to real interest rates. According to the Fisher, there is a equation that's called the Fisher Equation:

Real interest rate ≈ nominal interest rate − inflation rate.

On our example,

Inflation rate in October- 3.33%

Inflation rate in November- 2.90%

Nominal interest rate in October- 4.75%

Nominal interest rate in November- 4.80%

In October,

Real interest rate=4.75%-3.33%=1.42%

In November,

Real interest rate=4.80%-2.90%=1.90%

As a result, we see that there is 1.90% real interest rate in November and the real interest rate has increased 0.48% in November compared to October.

7 0
3 years ago
Read 2 more answers
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