Answer:
r=2.9%
Explanation:;
The person real income is the income which has been adjusted for inflation and can be calculated using the below formula:
(1+r)(1+i)=(1+n)
r= real income increase%=?
n=nominal income increase%=5%
i=price level increase%=2%
(1+r)(1+2%)=(1+5%)
1+r=(1+5%)/(1+2%)
1+r=1.029
r=1.029-1
r=0.029
r=0.029*100=2.9%
Answer:
Microeconomics
Explanation:
Microeconomics relates to the interaction of a single market with different markets, and that such individual market tends to determine the price of a commodity in relation and interaction with different markets.
Here, in microeconomics we analyse and study the choices of an individual using various scarce resources for completing production, consumption and exchange.
Thus, correct answer is -
Microeconomics
Answer:
The correct answer is option b.
Explanation:
Inflation refers to the continuous and sustained growth in the general price level. As the price level rises, it reduces the purchasing power or value of cash balances held by the consumers to reduce. This causes real income to decline.
A certain level of inflation is desirable in an economy to promote growth but a high rate of inflation is harmful. Inflation can be of several types such as
- Demand-pull inflation
- Cost-push inflation
There are several measures used to calculate inflation, for instance, the consumer price index. To correct inflationary pressures, a government uses contractionary fiscal and monetary policy.
Answer: It might be "We want to attend a support group."
Explanation:
A support group can help the parents work through their pain by nonjudgmental sharing of feelings. The correct option identifies a statement that would indicate positive, normal grieving.
Answer:
Someone called by the prosecution in a criminal trial to give evidence against the defendant