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lyudmila [28]
3 years ago
5

Shawn puts money into an account. One year later he sees that he has 6 percent more dollars and that his money will buy 5 percen

t more goods. a. The nominal interest rate was 11 percent and the inflation rate was 5 percent. b. The nominal interest rate was 6 percent and the inflation rate was 5 percent. c. The nominal interest rate was 5 percent and the inflation rate was -1 percent. d. The nominal interest rate was 6 percent and the inflation rate was 1 percent.
Business
1 answer:
Paladinen [302]3 years ago
7 0

Answer:

d. The nominal interest rate was 6 percent and the inflation rate was 1 percent.

Explanation:

Nominal interest rate = real interest rate + inflation rate

Real interest rate is nominal interest rate less inflation rate. The real interest rate represents the real purchasing power of interest paid.

If the interest rate buys 5 percent more goods ,it means that the purchasing power and the real interest rate is 5 percent.

The nominal interest rate is 6 %

Inflation rate = nominal interest rate - real interest rate

= 6% - 5% = 1%

I hope my answer helps you.

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In the traditional labor model, the amount that an additional worker hired adds to the revenues of the firm is called the _____
Aloiza [94]

Answer:

The correct answer is marginal product.

Explanation:

The marginal product of labor is the change in the output or total product because of hiring an additional unit of labor. In other words, the amount that an additional worker adds to the revenue is its marginal product.  

It can be expressed as,

MP_{L} \ =\ \frac{\Delta Y}{\Delta L}

The marginal product of labor depends on the quantity of capital and labor already employed.

5 0
3 years ago
Galvin has deposited $879 in a savings account that earns interest at a rate of 1.8% compounded quarterly.what will the account
Tju [1.3M]

$1,130.28

Formula is A = P (1 + [r/n])^(nt)

A= 879 (1+ [.018/4])^(4*14)

A= 879 (1.0045)^56

A= $1,130.28

A = future total amount

P = principle (amount initially deposited)

r = the annual interest rate (decimal)

n = times that interest is compounded per year  (quarterly is 4 times per year)

t = number of years

3 0
3 years ago
As the president of a local trade company, Kristin is faced with leadership, ethical, and operational decisions on a daily basis
NISA [10]

Answer:

B. Information Management

Explanation:

According to Wikipedia, Information management is the collection and management of information from one or more sources and the distribution of that information to one or more audiences.

It is involves collecting, storing and managing information gotten in all its forms. Of course, there are various forms of information, whether physical or electronical or otherwise.

Kristen's Job in the company involves organizing resources info (collecting), regulating how they are used and making sure they are the necessary information needed by the company's workers which is all part of the information management process.

4 0
3 years ago
Evaluate the following​ statement: ​"Saving money is not lending. How can it​ be? When I save my​ money, I put it in a bank. I​
salantis [7]

Answer:

The correct answer is option C.

Explanation:

When we save we deposit it in  the bank and do not loan it out directly. But the bank keeps a certain portion of it and lends out the rest to those who need credit. So, the savings that we deposit in the bank become the basis of credit creation.

That is why the statement about saving and lending given in the question is incorrect.

3 0
3 years ago
Is a measure of the extent to which a system achieves its goals
Norma-Jean [14]
Yeah that’s what it means
4 0
3 years ago
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