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kherson [118]
2 years ago
9

Imagine that after completing your economics course (you get an A, of course) you are at a family gathering. Your grandmother as

ks you about a news story she read this morning. The story explained that when the government adjusts Social Security payments for inflation, it generally uses the CPI-W, which is the Consumer Price Index for Urban Wage Earners and Clerical Workers. Because senior citizens spend a lot more than average on medical care, adjustments to their Social Security payments are not keeping up with their cost of living.
Last year I received $15,000 per year from the government. The story said that the CPI increased from 144 to 162. How much will I get this year?
Business
1 answer:
Maksim231197 [3]2 years ago
3 0

Answer:

$16,875

Explanation:

The amount received per year is $15,000 and the CPI increased from 144 to 162

Inflation rate = (New CPI - Old CPI)/Old CPI * 100

Inflation rate = 162-144/144 * 100

Inflation rate = 0.125

Inflation rate = 12.5%

Amount received = $15,000 * 12.5% = $1,875

==> $15,000 + $1,875 = $16,875

So, Grandmother will receive $16,875

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Although the number of people employed in manufacturing in the united states has decreased since 1950, each person is now produc
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The statement mentioned above regarding  manufacturing in the United States is true.

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More young individuals entering the industrial industry could have a significant impact on the manufacturing growth in the United States. Young people use their creativity and knowledge to increase the production.

The number of people has increased in manufacturing sectors. Therefore, it can be concluded that the statement mentioned above is true.

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Which of the following is the Federal Reserve unable to directly do
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Answer:

Increase and decrease the interest rate in the economy by a certain percentage

Explanation:

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3 0
3 years ago
The ohio state studies and the leadership grid are associated with the ____ approach to leadership.
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The Ohio state studies and the leadership grid are associated with the behavioral approach to leadership.

<h3>What is meant by the behavioral approach?</h3>

Since human conduct is taught, it is possible to unlearn any behavior and replace it with another behavior. The observable and quantifiable characteristics of human behavior are the main focus of behaviorism. As a result, learnt behaviors can be undone when they become unacceptable.

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2 years ago
What is the inventory turnover ratio for ABC Corp. if cost of goods sold equals $5,000, current ratio equals 3, quick ratio equa
soldi70 [24.7K]

Answer:

Inventory turnover= 5.5 times

Explanation:

Current ratio is given as 3

Cost of goods sold = $5,000

Current assets = $1,800

Quick ratio= 1.5

Current ratio= current assets/ current liabilities

3= 1,800/ current liabilities

Current liabilities= 1,800/3

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Quick ratio= Cash and Receivables/ Current liabilities

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Inventory= $900

Inventory turnover= Cost of goods sold/ Inventory

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