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horrorfan [7]
3 years ago
7

Recently the government increased the minimum wage from $4,280 per week to $5,300 per week. The inflation rate during the same p

eriod was 9%. What is the impact on real wages ?
Business
1 answer:
andreev551 [17]3 years ago
6 0
4280 x 1.09 = real wage if constant from period x to period y. Let's call
this number Z.

Find the relationship between Z and the government's wage increase. If 5300 / Z < 1 then the total effect of wage increase/inflation's devaluation of real salary is negative. If the relationship is above one (5300/Z > 1) then the effect is positive for the workers.
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g Cathy Rogers deposits $200 in currency in her checking account at a bank. This deposit is treated as:
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3 years ago
Suppose you inherit an apartment building from your uncle. You anticipate making some income from the rent on
alexira [117]

Answer:

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No, I would maintain the building as good as posible.

How might you keep the building in good shape and still turn a profit?

the value of the building will increase over time. Then, is a matter of patience to make a profit out of the sell of it.

Is it possible to manage  the building or change it to make it both livable and profitable?

yes, What usually happens with rent control properties is that the landlords use the building for commercial or create condos use to avoid the law.

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Miniaturization of Wisynco sales?
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