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frutty [35]
3 years ago
9

What is inflation? an increase in the amount of money in circulation an increase in the overall price level a decrease in the ov

erall price level an increase in the overall level of economic activity Which of the examples provides the best evidence that inflation has occurred?
Business
1 answer:
ivann1987 [24]3 years ago
5 0

Answer:

increase in the overall price level

Explanation:

Inflation refers to the general increase in prices of goods and services in the economy over time. An increase in aggregate demand, accelerated economic growth, and an increase in the cost of supplies causes inflation. The rate at which prices increase is called the inflation rate. It is measured by the Consumer price index or the GDP deflator.

Inflation results in a decline in the purchasing power of a country 's currency. The government sets a certain desired level of inflation rate to boost economic growth.

If a basket of popular consumer goods cost $100 at the beginning of the year, and the same basket cost $105 at the end of the year. The increase in price by $5 is attributed to inflation.

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What is an incentive to entice intoxicated guests to take public transit?
Sholpan [36]
having a few transit tickets on hand
6 0
3 years ago
Towson Company manufactures book cases, and each requires 28 board feet of lumber. Towson expects that 2,000 and 1,850 book case
MissTica

Answer :

Number board feet of lumber = 54,530

Explanation :

As per the data given in the question,

Number board feet of lumber to buy in June = Number  of units to be produced + Ending inventory required - Opening inventory  needed

= (2,000 cases × 28 board feet of lumber per case) + (1,850 cases × 35% × 28 board feet to lumber per case) - (2,000 cases × 35% × 28 board feet of lumber per case)

=56,000 board feet + 18,130 board feet - 19,600 board feet

= 54,530 board feet of lumber

We simply applied the above formula

4 0
3 years ago
A population grows with an annual growth rate of 16.3 % per year. (a) what is the monthly growth rate?
zysi [14]
Annual growth rate of population is 16.3%
monthly growth rate = ?
Months in one year = 12
let x be the monthly growth of population.
16.3% = 0.163
1+ 0.163 = 1.163
Now, (1.163)¹/¹² = 1.01266
for monthly growth percent
1.01266 - 1 = 0.01266 = 0.01266 x 100 = 1.266%≈ 1.3%

6 0
4 years ago
The following table shows the units of steel and personal computers a worker can produce per month in Germany and South Korea. U
ki77a [65]

Answer:

Option E

Explanation:

Absolute advantage means that with the same input one country is able to produce more goods and services as compared to the other.

As we can see, Germany is able to produce 40 tons of steel with the same inputs as that of South Korea.

In the same way, Germany is able to produce 10 personal computers with the same inputs as that of South Korea.

Hence, Germany has an absolute advantage in the production of both steel and PCs

Option E is correct

4 0
3 years ago
CAAT Traders acquired machinery on 1 July 20.18 for an amount of R175 300. This machinery was only available for use from 1 Sept
Ilia_Sergeevich [38]

The depreciation expenses to be shown in the statement of profit or loss and other comprehensive income for the year ended (31-05-2019) is R26,295.

<h3>What is depreciation?</h3>

Depreciation can be defined as a process in which the monetary (financial) value of an asset decreases or falls over time, especially due to wear and tear.

<h3>How to determine the depreciation expenses?</h3>

First of all, we would calculate the expected number of units produced by CAAT as follows:

Expected number of units produced = 15,000 + 13,000 + 11,000 + 10,500 + 10,500

Expected number of units produced = 60,000.

Mathematically, the depreciation expenses is given by:

Depreciation expenses = Actual units produced/expected units produced × cost price

Substituting the given parameters into the formula, we have;

Depreciation expenses = 9,000/60,000 × 175,300

Depreciation expenses = R26,295.

Read more on depreciation expenses here: brainly.com/question/25806993

#SPJ1

7 0
2 years ago
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