Answer:
The correct answer is option (C).
Explanation:
According to the scenario, the given data are as follows:
Base year basket price = $5,000 billion
Year 2 basket price = $5,500 billion
So, we can calculate the consumer price index by using following formula:
Consumer price index = (Year 2 basket price ÷ Base year basket price ) × 100
By putting the value, we get
Consumer price index = ( $5,500 ÷ $5,000 ) × 100
= 1.1 × 100
= $110 billion
A. <span>making at least the minimum payment, even if they are late</span>
Answer: C) Otto
Explanation: Unlike the general perception evidenced in the research, having inflation is not a negative event. In fact, enjoying constant and controlled price increases is a sign that the demand for households is good, which translates at the same time into a greater need for production which ultimately results in economic growth.
Answer:
a. The total employment compensations for the two employees are the same
Explanation:
Employee compensation refers to payment made to employees by an organization in consideration for the services rendered.
Employee compensation can be in cash form such as salary and wages, perquisites, allowances, incentives, commission, etc.
In the given case,
<u>Compensation for Employee A</u>:
= Gross Pay + Employee benefits - Job expenses
= $57200 + 5300 - 800
= $ 61,700
Similarly,
Compensation for Employee B:
= Gross Pay + Employee benefits - Job expenses
= $56,900 + $6200 - $ 1400
= $61,700
Thus, employment compensation for both A and B are the same.
