The $5 per hour in 1974 would be equal to $21.82 today in 2017, compared to $19.83 for the $9 in 1994 now in 2017, and all compared to the $17 today. So the higest real wage would be that of the grandfather, taking into account the 41% per decade or 3.5% per year inflation.
Answer:
See explanation
Explanation:
The impact of the near failure of Bear Stearns resulted in financial crisis which shook global economy. This financial crisis almost brougt recession to Nations. Lehman Brothers on the other hand, crashed the stock market which caused problems on the S$P index.
The Treasury Department pumped more money into the economy in attempt to help Bear and Stearns but the two banks still failed leading to loss of money.
The failure of Lehman Brothers is termed the largest Bankruptcy in the history of U.S. The bankruptcy affected financial markets greatly.
Money Markets can be defined as the market that provides short term funds to the players. it is not regulated like the capital markets but it is also a component of the economy.
John is novice involved in drug business.
Answer:
the proper cash flow amount is -$17,313,900
Explanation:
The computation of the proper cash flow amount is given below:
= Land value + plant cost + grading cost
= -$5,400,000 - $11,200,000 - $713,900
= -$17,313,900
Hence, the proper cash flow amount is -$17,313,900
