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4 years ago

The average American’s real income today is about four times what it was in _________.

Business

1 answer:

s344n2d4d5 [400]4 years ago

6 0

Answer:

The average American’s real income today is about four times what it was in 1960. Average lifetime lengths have increased by 12%, the number of hours worked per week has decreased by 17% , and homes have more than doubled in size.

Explanation;

Economic data shows that Americans make on average, about 4 times what they were making in real income in 1960 due to exponential economic growth.

At the same time, Americans are also living a longer life by 12% on average than in 1960 when the life expectancy was around 70 years. Today it is around 78 years.

Americans are also working fewer hours than their 1960 counterparts because where in 1960 they worked for an average of 50 hours a week, recently that number hovers around 40 hours a week.

Houses built are also larger than they were in the '60s as income has increased and preferences have changed.

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The rule of 70 is a measure of how long it will take for prices to __________ at a given inflation rate.

swat32

Answer:

A. double

Explanation:

Rule 70 is used to calculate the numbers of years it takes for an investment or variable to double in value given a certain growth rate. In this case, the variable is prices and the growth rate is inflation rate. It is calculated by dividing number 70 by inflation rate.

For example;

Assume inflation rate is 6%, the prices will double in ; 70/6 = 11.7 years

And if inflation is 2%, the prices will double in 70/2 = 35 years

8 0

3 years ago

When the _____ value of debt is the same as its face value, it is said to be selling at _____ value.

Allushta [10]

Answer:

When the market value of debt is the same as its face value, it is said to be selling at par value.

Explanation:

Face value and par value is same. When market price of the bond is same as the face value of the bond it is said that this debt is trading on its par value. Par or face value is the value on which bond is initially issued and the value mentioned on the face of the bond. So, When the market value of debt is the same as its face value, it is said to be selling at par value.

8 0

3 years ago

If major earthquakes occur along active segments of the san andreas fault about every 200 years, when can another major event be

Aleonysh [2.5K]

It should generate another major event around 2050-2060

8 0

3 years ago

In an effort to simplify the multiple production department factory overhead rate method, the same rate can be used for all depa

Free_Kalibri [48]

Answer: False

Explanation:

Different departments incur different types of costs based on the product that they are producing. It would therefore not be right to use the same rate for all departments as it might capture cost inadequately.

The overhead rate should always take into account the unique circumstances of a department such that costs can be assigned as accurately as possible.

3 0

3 years ago

Grantor C conveys a large house and land to his daughter and son-in-law to be theirs as long as they are married. One year later

Crazy boy [7]

Answer:

c. It reverts back to C

Explanation:

Grantor C conveys a large house and land to his daughter and son-in-law to be theirs as long as they are married. One year later they are divorced, The property is reverted back to C that is the Grantor. The property is neither given to the daughter nor to the son-in-law. This according to the American court law.

5 0

3 years ago