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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%

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Answer: 0.89

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3 0
2 years ago
Which of the following is a risk (or potential pitfall) of cost leadership? Multiple Choice a. Cost differences increase as the
musickatia [10]

Answer:

d. Cost cutting in one area of the value chain might increase costs in another.  

Explanation:

Although cost leadership is an efficient way to dominate the competition,it does have potential pitfalls if not executed correctly. For example, if operating cost is decreased, the changed product feature may imply a higher marketing cost afterward. In order to be truly efficient, the cost leadership strategy has to be implemented in such a way, so it doesn't impact other value chain costs negatively (increasing them).

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2 years ago
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Daniel [21]

A correct option is an option (b),i.e., can be partially executed if aborted.

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An agreement that has been fulfilled between a buyer and a seller to trade goods, services, or financial assets in exchange for cash is referred to as a transaction. In corporate accounting, the phrase is also frequently used.

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Business transactions are becoming more and more important because they provide an abstract view of the interactions that occur among organizations to achieve a commercial goal.

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A business transaction is an activity that can be quantified objectively that involves the exchange of money, products, or services for money or for the right to receive money between accounting entities that are people (natural and artificial).

Learn more about transaction: brainly.com/question/24730931

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5 0
1 year ago
When gathering information, which of the following tasks might you need to preform?
katovenus [111]

AnswerStudy objects, conduct tests, research written materials, and ask questions

Explanation: here is your anserw to you quetions please rate me the ,ost brainlest  ow let me know if you got it right

8 0
3 years ago
Joe Keller and Ed Keller are brothers and both are lawyers. They start a personal injury law firm. Over the course of six months
dlinn [17]

Answer:

<h2>They are bankrupt.</h2>

Explanation:

Bankrupt is a stage given by a legal court, that is legally assigned when they are able to demonstrate that they can't pay the debts. So, the court could order the relief of their debts or part.

7 0
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