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PilotLPTM [1.2K]
2 years ago
10

You’ve been invited to help a foreign affiliate of your company set next year’s prices. Inflation last year was 5%, the unemploy

ment rate dropped to record lows, and GDP sky-rocketed. In addition, geopolitical tensions led the price of crude oil to rise by 50%. Given these circumstances, what do you think annual inflation will be next year? The most likely rate is below 5%. 0%. above 5%. 5%.
Business
1 answer:
kogti [31]2 years ago
4 0

Answer: Above 5%

Explanation:

Unemployment has dropped to record lows which means that more people are able to afford goods and services. This increase in demand will shift the demand curve to the right thereby increasing prices.

Crude oil also rose in price which means that the price of gasoline has risen as well as the price of transport which is a major component of inflation.

Given these factors, inflation is sure to rise above the 5% level of the previous year.

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When the unemployment rate is at a steady state: Group of answer choices the number of people finding jobs exceeds the number of
liraira [26]

Answer:

The number of people finding jobs equals the number of people losing jobs.

Explanation:

Unemployment rate can be defined as the percentage of unemployed workers that are present in the the labor force. The Labor force of a country comprises of both employed and unemployed individuals that are present in the country. Unemployment rate can also be described as the percentage of the total workforce of a country that is yet to be gainfully employed.

High unemployment rate poses an adverse effect on the economy, it leads to an increase in crime rate this is due to the fact that unemployed individuals have no source of income to take care of their respective families and as such have to turn to the life of crime inorder to earn money.

7 0
3 years ago
On January 2, 2017, the board of directors of Michael declared a 10% stock dividend to be distributed on February 15, 2017. The
frozen [14]

Answer:

the decrease in the value of the retained earning is $172,500

Explanation:

The computation of the decrease in the value of the retained earning is given below:

The dividend of the stock is

= (25,000 shares - 2,000 shares) × 10% × $75

= $172,500

Since there is the stock dividend of $172,500 so it ultimately reduced the retained earning account by $172,500

8 0
2 years ago
The process of writing SMART goals is carried out at which stage of the personal financial management pyramid?
gogolik [260]
It is carried out on every stage

Yw.
5 0
3 years ago
Beth's business purchased only one asset during the current year (a full 12-month tax year). Beth placed in service machinery (7
nalin [4]

Answer:

the depreciation expense on the equipment will be 1,785 for tax purpose.

Explanation:

We will look into the MACRS (Modified Accelerated Cost Recovery System)

table for a property of seven years placen into service in the 4th quarter:

Which give us 3.57%

now we multiply the basis by the coefficient and get the value for depreciation

50,000 x 3.57% = 1,785 depreciation expense under MACRS

4 0
2 years ago
At any given hotel, one of the largest departments is housekeeping.
KengaRu [80]

Answer:

True

Explanation:

3 0
2 years ago
Read 2 more answers
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