<span>Checking the list is the correct answer to this multiple choice question. This question deals with macroeconomic theory and the use of an expansionary money policy is likened to checking a list when dealing with economics.</span>
Answer:
Real wage rate can be calculated by:
= Nominal wage rate /CPI * 100
2018 real wage rate:
= 7 / 252 * 100
= $2.78
2019 real wage rate:
= 10 / 257 * 100
= $3.89
Did these workers really get a pay raise between 2018 and 2019?
YES THEY DID:
= 2019 real wage - 2018 wage rate
= 3.89 - 2.78
= $1.11
Answer:
“There is no long run; there are only short and shorter runs.” Evaluate that statement. If you increase production to an infinitely large level, the average variable cost and the average total cost will merge. Why? The following cell phone offer by Sprint is typical of what one can get on a cell phone plan: 4,000 free minutes for $39.99 a month. The fine print says that only 350 of those minutes are anytime minutes; the remaining are restricted to evening and weekend usage. If you go over your allotted time, you are charged 35 cents per minute for any additional minutes
Expenses included in the home office deduction, such as painting or repairs to the actual area of the home used for business, are referred to as deductible expenses
<h3>
What are home office costs?</h3>
- Home office expenses are those incurred as a result of running a business or performing employment-related tasks within one's home dwelling.
- Within certain limits, expenses incurred in the operation of a home-based business are deducted on your federal taxes.
- With the Tax Cuts and Jobs Act of 2017, the regulations for deductions changed, so make sure you receive information on deductions published in 2018 or later.
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Nazerhy deposits $8,000 in a certificate of deposit. the annual interest rate is 6%, and the interest will be compounded quarterly. The certificate worth 10 years is $14,555.17.
<h3>What do you mean by deposit?</h3>
- A deposit is the act of giving money (or money equivalents) to an organization, most frequently a bank or other financial institution.
- The deposit is a credit for the party that made it (individually or as a group), and it can be refunded (withdrawn) in line with the conditions set forth at the time of deposit, transferred to another party, or applied to a future purchase.
- The primary source of funding for banks typically deposits.
<h3>What is the interest rate?</h3>
- The amount of interest due each period expressed as a percentage of the amount lent, deposited, or borrowed is known as an interest rate (called the principal sum).
- The total interest on a loaned or borrowed sum is determined by the principal amount, the interest rate, the frequency of compounding, and the period of time the loan, deposit, or borrowing took place.
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