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
kondaur [170]
2 years ago
11

Ginny currently earns a (real or nominal) wage of $12.00 per hour; in other words, the amount of her paycheck each week is $12.0

0 per hour times the number of hours she works. Suppose the price of sparkling water is $2.50 per gallon; in this case, Ginny (real or nominal) wage, in terms of the amount of sparkling water she can buy with her paycheck, is gallons of sparkling water per hour. When workers and firms negotiate compensation packages, they have expectations about the price level (and changes in the price level) and agree on a (real or nominal) wage with those expectations in mind. If the price level turns out to be higher than expected, a worker's (real or nominal) wage is than both the worker and employer expected when they agreed to the wage. Ginny and her employer both expected inflation to be 4% between 2012 and 2013, so they agreed, in a two-year contract, that she would earn $12.00 per hour in 2012 and $12.48 per hour in 2013. However, suppose inflation between 2012 and 2013 actually turned out to be 7%, not 4%. For example, suppose the price of sparkling water rose from $2.50 per gallon to $2.68 per gallon. This means that between 2012 and 2013, Ginny's nominal wage (increased or decreased) by _______ % , and her real wage (increased or decreased) by approximately _____%.
Business
1 answer:
rewona [7]2 years ago
5 0

Answer:

Her nominal wage increase by: (12.48/12)-1= 0.04= 4%

Her real wage decreased by: 4% - 7$= -3%

Explanation:

Giving the following information:

Ginny currently earns a (real or nominal) wage of $12.00 per hour. Ginny and her employer both expected inflation to be 4% between 2012 and 2013, so they agreed, in a two-year contract, that she would earn $12.00 per hour in 2012 and $12.48 per hour in 2013. However, suppose inflation between 2012 and 2013 turned out to be 7%, not 4%.

Her nominal wage increase by: (12.48/12)-1= 0.04= 4%

Her real wage decreased by: 4% - 7$= -3%

You might be interested in
Click this link to view O*NET’s Tasks section for Human Resources Managers. Note that common tasks are listed toward the top, an
GuDViN [60]

Answer:

a. c. d. f

Explanation:

i got them right !

4 0
3 years ago
Read 3 more answers
if a trial balance totals do not agree, the difference must be entered in a. nominal account b. the profit and loss account C. t
Lena [83]

Answer:

d. the suspense account​

Explanation:

Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP).

Financial statements can be defined as a document used for the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors. These includes balance sheet, statement of retained earnings and income statement.

In Financial accounting, if a trial balance totals do not agree, the difference must be entered in the suspense account​

8 0
2 years ago
What is it determines a good trade agreement? (Economics)
neonofarm [45]

Answer: For duty-free or zero tariffs on as wide a range of products as possible.

Explanation: The best trade deals aim for duty-free or zero tariffs on as wide a range of products as possible. Better trade deals also include more than just goods. They extend pledges and commitments to include trade in services and investment.

4 0
2 years ago
Using the AS-AD and IS-LM models, show the effects of an increase in consumer confidence on the position of the AD, AS, IS, and
lora16 [44]

Answer: hello your question has some missing information below is the missing information

Suppose the economy begins with output equal to its natural level. Then there is an increase in consumer confidence and households attempt to consume more for a given level of disposable income.

answer :

Attached below

Explanation:

IS-LM modeling curves intersects and it also defines the value of r and Y where r ( rate of interest )  Y( output level )

The AS-AD modeling is in equilibrium where aggregate demand curve and short run and long run aggregate supply curves intersects each other defining P and Y

p ( price level ) , Y ( output level )

<em>Note : Increase in aggregate demand shifts IS outward , raises interest rate and output level</em>

6 0
3 years ago
Explain why peccarelli returned to guatemala and describe the goals his team are trying to accomplish.
Leno4ka [110]

The reason why Peccarelli returned to Guatemala was to look for the bodies of a tragedy that happened in his childhood and help identify them. His team’s goals are to talk to the families of the deceased and to give the families closure.

7 0
3 years ago
Other questions:
  • Why do people keep money in transaction accounts?
    15·1 answer
  • Which of the following are considered to be product costs under absorption costing? I. Variable manufacturing overhead. II. Fixe
    14·1 answer
  • People like ryan and aaron who risk time and money to start and manage a business are called
    5·2 answers
  • On January 1, ABC started the year with a $400,000 balance in Retained Earnings and a $550,000 balance in Common Stock. During t
    10·1 answer
  • Orwell building supplies' last dividend was $1.75. Its dividend growth rate is expected to be constant at 13.00% for 2 years, af
    7·1 answer
  • Promotion tends to a. overemphasize physiological and safety needs. b. capitalize on existing needs. c. avoid focusing on people
    6·1 answer
  • The ""Relevant Skills and Accomplishments"" section is typically included only in ______________ resumes.
    10·1 answer
  • An airline has a marginal cost per passenger of $20 on a route from Detroit to New Orleans. At the same time, the typical fare c
    6·1 answer
  • What would chester corporation’s market capitalization be if the current stock price fell 10%?.
    12·1 answer
  • The group of people within an organization who make business buying decisions are best described as _______.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!