Answer:
A. less than 5 times as much as your grandfather in terms of real income.
Explanation:
Nominal income is earning that does not take account of changes in price levels. Nominal income is the stated income. Real income considers the changes in inflation. Therefore, real income is nominal income after considering inflation effects.
If grandfather earned $7000 per year in 1961, and myself $35,000 in 2018, mathematically i earned five times more than him. The five times ($35,000/$7,000) is the stated amount without factoring in inflation. The difference between $35,000 and $7000 is the nominal difference because it is not adjusted for inflation. In we consider inflation, the real income is less than five times.
Answer:
$13,784.25
Explanation:
Simple interest = P x R x T
(P12,500 x 15 × 250) / 100 × 365 = $1284.25
Value = $1284.25 + P12,500 = $13,784.25
I hope my answer helps you
Answer:
a. $640 billion.
Explanation:
Net investment = $225
Gross investment = $865
Depreciation = Gross investment - Net investment = $865 - $225 = $640
Therefore, on the basis of Table, depreciation is a. $640 billion.
It should be noted that the inefficient allocation if resources is market failure.
<h3>What is market failure? </h3>
It should be noted that market failure simply means the inefficient distribution of goods and services.
Market failure is the the inability of a market to bring about the allocation of resources that best satisfies the wants of society.
Learn more about market failure on:
brainly.com/question/368647
Answer:
An area with younger people will have a higher demand for rentals and a lower demand for buying.- D.
