1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nastasia [14]
2 years ago
9

Ford Motor Company agreed to pay its workers ​$37 an hour in 1999 and ​$37 an hour in 2001. The CPI in 1999 was 166 and in 2001

was 180. Calculate the real wage rate in each year​ (to the nearest​ cent). Did these workers really get a pay raise between 1999 and​ 2001?
Business
1 answer:
Grace [21]2 years ago
6 0

Answer:

No, the wage rate did not raise.

Explanation:

Given the nominal wage rate for the year 1999 = $37

CPI for 1999 = 166

The real wage for the year 1999 = [ Nominal wage / CPI ] x 100

The real wage for the year 1999 = [ 37/ 166] x 100 = $22.28

Given the nominal wage rate for the year 2001 = $37

CPI for 2001 = 180

The real wage for the year 2001 = [ Nominal wage / CPI ] x 100

The real wage for the year 2001 = [ 37/ 180] x 100 = $20.55

No the wage rate did not raise.

You might be interested in
Lisa changes her filing status on last years tax return, and her standard deduction went up. Which of these could have been the
ira [324]

Lisa changes her filing status on last years tax return, and her standard deduction went up. Which of these could have been the change she made? "Single" to "head of household". Due to Lisa becoming head of household, she is able to claim her family as a deduction.

7 0
3 years ago
Two traditional economies are trying to industrialize. The leaders of the first favor a command economic system. The leaders of
attashe74 [19]

Answer:

In the country that promotes free-market economy is expected to start seeing firms arriving in this country and invest in those activities where this country has a comparative advantage.

Explanation:

This would lead to an efficient allocation of productive resources taking the economy to optimum production. The technology and tools will rapidly spread, and the industrialization process will be achieved. In the other country, investment and technology implementation is lead by the government allocating resources inefficiently and delaying industrialization.

8 0
3 years ago
Anyone know the answer to this one?
balu736 [363]

it looks to me that the answer could be C

Explanation:

it may be C

8 0
3 years ago
Read 2 more answers
One of the three chief sources for dissatisfaction in the workplace is
kicyunya [14]
The lack of opportunity ti be one's boss
5 0
3 years ago
Aggregate supply is best described as the
VladimirAG [237]

Answer:

Total output of all products and services.

Explanation:

Aggregate supply is defined as the total amount of goods and services that firms are willing to sell, at a specific price, within a particular economy.

Aggregate supply is a macroeconomic concept, an aggregate variable, that is used in Keynesian and Neoclassical economics, often in models that put it together with aggregate demand, in what is known as the Aggregate Supply-Aggregate Demand model (AS-AD model).

5 0
3 years ago
Other questions:
  • An investment offers a total return of 18 percent over the coming year. Janice Yellen thinks the total real return on this inves
    15·1 answer
  • Jake developed a study plan for his graduate record examination and completed his paper on tuesday. according to the steps in pr
    6·2 answers
  • Which of the following statements is true? a. Economic profits ignore implicit costs. b. Economic profits include implicit costs
    14·1 answer
  • ​______ is a process in which an impartial third party helps those involved in a dispute reach an agreement.
    12·1 answer
  • Gamapro, a company that manufactures gaming devices, has launched a new gaming console along with a new set of games for the new
    6·1 answer
  • Which of the following refers to the costs of production that fluctuate depending on the number of units​ produced? A. Total cos
    11·1 answer
  • Which variable is the dependent variable--the variable that responded to or depended on the treatment, and was measured by the r
    7·1 answer
  • ________ policies refer to government programs designed to exploit natural comparative advantage by increasing production of a f
    8·1 answer
  • 1. Suppose two types of firms wish to borrow in the bond market. Firms of type A are in good financial health and are relatively
    15·1 answer
  • suppose the mpc in an economy is 0.95. the apc is initially 0.55 and disposable income is $6 billion. if disposable income incre
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!