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3 years ago

What are some of the troubles that could occur in the economy if inflation rate got as high as 8% or 10% per year?

Business

1 answer:

andrezito [222]3 years ago

4 0

Answer:

Some of the troubles that could occur in the economy if inflation rate get as high as 8% or 10% per year are:

1) Foreign investors will avoid the country.

2) Money losses value very fast causing an increase in the prices of goods and services.

3) The economy becomes unstable making the the government leaders to loose credibility.

Explanation:

The type of inflation that gets as high as 8% or 10% is called Galloping inflation.

Some of the troubles that could occur in the economy if inflation rate get as high as 8% or 10% per year are:

1) Foreign investors will avoid the country.

2) Money losses value very fast causing an increase in the prices of goods and services.

3) The economy becomes unstable making the the government leaders to loose credibility.

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Answer:

They explore general information about many types of jobs.

Explanation:

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3 years ago

You have decided that you want to be a millionaire when you retire in 45 years.

fiasKO [112]

Answer and Explanation:

The computation is shown below:

We use the formula that is given below:

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Present value = 1 ÷ (1 + rate of interest)^number of years

The amount invested is

= $1,000,000 ÷ (1.1104)^45

= $8,983.07

The amount invested is

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3 years ago

Mrs. Eller's corporate employer has a cafeteria plan under which its employees can receive a $3,000 year-end Christmas bonus or

Alina [70]

Answer and Explanation:

a. The computation is shown below;

Cash bonus after tax is ($3,000 × (1 - 0.24) $2,280

And, non taxable fringe benefit is $2,300

So here he should use the nontaxable fringe benefit

b. Yes answer would be changed

Cash bonus after tax is ($3,000 × (1 - 0.12) $2,640

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hence, the same is to be considered

4 0

3 years ago

Multiple Product Performance Report Storage Products manufactures two models of DVD storage cases: regular and deluxe. Presented

Pavlova-9 [17]

Answer:

<u>Flexible budget performance report for the July manufacturing activities</u>

Direct Materials : $62,000

Lumber :

Regular ($6.00 × 5,000) $30,000

Deluxe ($9.00 × 2,000) $18,000

Assembly kit :

Regular ($2.00 × 5,000) $10,000

Deluxe ($2.00 × 2,000) $4,000

Labor : $30,000

Regular ($4.00 × 5,000) $20,000

Deluxe ($5.00 × 2,000) $10,000

Variable overhead : $15,000

Regular ($2.00 × 5,000) $10,000

Deluxe ($2.50 × 2,000) $5,000

Fixed manufacturing overhead $13,000

Total $120,000

Explanation:

A Flexed Budget is a Master budget that has been adjusted to reflect the Actual Level of Operation.

8 0

3 years ago

The language of price controls Suppose that, in a competitive market without government regulations, the equilibrium price of mi

drek231 [11]

Answer:

Price floor binding

b. price ceiling binding

price floor and binding

Explanation:

A price floor is when the government or an agency of the government sets the minimum price of a product. A price floor is binding if it is set above equilibrium price.

Price ceiling is when the government or an agency of the government sets the maximum price for a product. It is binding when it is set below equilibrium price.

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The maximum price of milk is below equilibrium price. It is binding price ceiling

If teenagers can't find jobs due to minimum wages law. It means that the minimum wage must be above equilibrium price. This is because it is when price is above equilibrium price that supply of labour outstrips demand. So, it is a binding price floor

8 0

3 years ago