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
Lyrx [107]
3 years ago
14

If food makes up about 15% of total expenditure of the country, and if the food prices rise by 10%, while other components of th

e price index remain constant, how much will the price index rise?
a. 1%
b. 25%
c. 1.5%
d. 15%
Business
1 answer:
omeli [17]3 years ago
7 0

Answer:

c. 1.5%

Explanation:

Food as total Expenditure of Country = 15%

Food's Price rise = 10%

while other components of the price index remain constant price index rise will be calculated as follows:

Price index rise = 15% x 10%

Price index rise = 0.15 x 0.1

Price index rise = 0.015

Price index rise =1.5%

So the correct option is c. 1.5%

You might be interested in
The process through which a product or service takes root initially in simple applications at the bottom of a market and then mo
cricket20 [7]

The process through which a product or service takes root initially in simple applications at the bottom of a market and then moves up, eventually displacing established companies, is referred to as <u>Disruptive Innovation</u>.

In a business idea, disruptive innovation is an innovation that creates a brand new market and price network or enters at the lowest of an existing market and in the end displaces established marketplace-leading companies, products, and alliances.

Disruptive innovation refers to using a generation that upsets a structure, instead of "disruptive technology", which refers back to the era itself. Amazon, launched as an online bookstall in the mid-Nineties, is an example of disruptive innovation.

Disruptive innovation is the manner by using which a smaller enterprise—normally with fewer sources—moves upmarket and demanding situations larger, hooked-up corporations.

Learn more about disruptive innovation here brainly.com/question/17185200

#SPJ4

8 0
1 year ago
Three weeks after Abed died, his brother Tony properly received Abed’s last paycheck from his employer. The gross amount of the
KIM [24]

Answer:

The best answer is "A"

It is deductible both on Tony's income tax return and on Abe's estate tax return

8 0
4 years ago
Read 2 more answers
Which of the following things could make a business idea a bad opportunity? A. Differentiation B. Low competition C. Low custome
Flauer [41]
The things that could make a business idea a bad opportunity is low customer deman. Option C is the answer. The other options does not result to bad opportunity. .
3 0
3 years ago
Read 2 more answers
The most common type of firm in the united states is the
mote1985 [20]
A) a proprietorship is the most common type of firm in the United States.
6 0
3 years ago
1. By what percent has the U.S. prison population increased in the last three decades
andrezito [222]

790 % i believe is the correct answer

3 0
3 years ago
Read 2 more answers
Other questions:
  • A new machine with a purchase price of $109,000, with transportation costs of $12,000, installation costs of $5,000, and special
    5·1 answer
  • On December 31, Year 1, Taylor, Inc. signed a binding agreement with a bank for the refinancing of an existing note payable sche
    11·1 answer
  • Suppose the Finnish government undertakes a program that relaxes immigration but only for highly skilled workers. This policy ch
    14·1 answer
  • Benefit payments made on a ____________ basis are not scheduled, but are based on the average fee charged by all doctors in a gi
    13·1 answer
  • Monty loaned his friend Ned $20,000 three years ago. Ned signed a note and made payments on the loan. Last year, when the remain
    12·1 answer
  • When a person places him or herself in a position in which he or she might be exploited by another, and does so willingly with t
    5·1 answer
  • The following standards have been established for a raw material used to make product O84:Standard quantity of the material per
    7·1 answer
  • Which of the following are advantages of accrual basis
    6·1 answer
  • 9. Amir also needs to calculate the commissions paid each month. If the company earns $275,000 or more in a month, the commissio
    14·1 answer
  • Which 3 should be entered as individual transactions, with their original dates, rather than entered using the initial journal e
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!