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
ozzi
2 years ago
9

Suppose that you were born in 2001. Also, suppose that your mother received a $100 baby shower gift at your birth. How much woul

d it cost to buy a similar amount of goods and services in 2016, given that the CPI was 177.1 in 2001 and 240.0 in 2016?
a. $70.53
b. $100.00
c. $141.78
d. $241.11
Business
1 answer:
SpyIntel [72]2 years ago
4 0

Answer:

$135.52

Explanation:

Calculation for How much would it cost to buy a similar amount of goods and services in 2016

Using this formula

Cost to buy similar amount of goods and services in 2016=Amount in 2001x (Price level 2016/Price level 2001)

Let plug in the formula

Cost to buy similar amount of goods and services in 2016=$100*(240.0/177.1)

Cost to buy similar amount of goods and services in 2016=$100*1.3552

Cost to buy similar amount of goods and services in 2016=$135.52

Therefore How much would it cost to buy a similar amount of goods and services in 2016 is $135.52

You might be interested in
The chart indicates the roles of four individuals in the Transportation and Logistics career cluster.
Lady bird [3.3K]

Answer:

Amata is a Traffic Technician, Zeke is a Travel Clerk, Diego is an Automotive Master Mechanic, and Elina is a Logistics Manager.

Explanation:

Traffic Technician prepares graphs, charts, analyzes traffic control policies , plans, accident rates, etc.

Travel Clerk gives travel suggestions, guides, brochures, contacts hotels, motels, etc.

Automotive Master Mechanic tests drives vehicles , engines , repairs, replace, etc.

Logistics Manager deals with customers , sales , orders and shipping.

The Transportation, Distribution, and Logistics Career Cluster has seven career cluster pathways.

  1. Transportation Operations
  2.    Logistics Planning and Management Services
  3.    Warehousing and Distribution Center Operations
  4.    Facility and Mobile Equipment Maintenance
  5.    Transportation Systems/Infrastructure Planning, Management and Regulation
  6.    Health, Safety and Environmental Management
  7.    Sales and Service

The other options given in the question are irrelevant and may not relate to the above 7 categories. For example there is no Shipping and Receiving Clerk.

8 0
2 years ago
2-1.3 Which of the following statements about data storage is (are) true? A chart of accounts is a list of the numbers assigned
monitta

Answer:

  • A chart of accounts is a list of the numbers assigned to each general ledger account.
  • A subsidiary ledger contains detailed data for any general ledger account with many individual subaccounts.

Explanation:

A chart of accounts contains a list of all the numbers assigned to balance sheet and income statement accounts. The account numbers allow transaction data to be coded, classified, and entered into the proper accounts.

Subsidiary ledger s are used to record details information for a general ledger account that contains many subaccounts, like accounts receivable (at last 1 subaccount per client), inventory (at least 1 subaccount per product) and accounts payable (at least 1 subaccount per creditor).

4 0
3 years ago
Read 2 more answers
The curve that shows the relationship between the sales price and quantity sold is called the:__________
Vinvika [58]

The curve that shows the relationship between the sales price and quantity sold is called the: demand curve.

The call for a  demand curve is a graphical representation of the relationship between the price of an excellent or carrier and the quantity demanded for a given time frame. In a standard representation, the rate will seem on the left vertical axis, the amount demanded on the horizontal axis.

A demand curve is a graph that shows the amount demanded at every rate. every now and then the demand curve is likewise referred to as a demanding agenda because it is a graphical illustration of the call for schedules.

The demand curve can be a critical device to apply while corporations make pricing decisions. this is because the call for a curve can show the price point where the purchaser responsiveness drops, as well as the fee point that elicits the very best demand.

Learn more about the demand curve here:

brainly.com/question/16790743

#SPJ4

5 0
11 months ago
What type of brake lining is typically used on heavy-duty vehicles?
galina1969 [7]

For heavy-duty vehicles, sintered-metal brake linings are typically use for better performance and brake lining rivets is the best choice to secure brake shoe linings on trucks and other vehicles. Sintered brake linings offers a stable friction coefficient and produce good bite right away for safer travel. Moreover, they have good properties such as the ability to handle extreme heat well, they are resistant to fade, typically last longer than other types, and perform well even in rain and mud, which make it to be a choice for heavy-duty vehicles. <span>However, rivet heads may score the drum if the linings are not replaced soon enough, so proper maintenance should not be neglected.</span>

3 0
3 years ago
A linear regression to estimate the relation between General​ Motors' stock returns and the​ market's return gives the best fitt
Lana71 [14]
<h3><u>Full question:</u></h3>

A linear regression to estimate the relation between General Motors' stock returns and the market's return gives the best fitting line that represents the relation between the stock and the market. The slope of this line is our estimate of ________.

A) alpha

B) beta

C) risk-free rate

D) volatility

<h3><u>Answer:</u></h3>

A linear regression to estimate the relation between General Motors' stock returns and the market's return gives the best fitting line that represents the relation between the stock and the market. The slope of this line is our estimate of beta

<h3><u>Explanation:</u></h3>

Beta is a broadly applied amount in investment commentary. In economics, the beta of a firm applies to the subtlety of its heritage price concerning an average or benchmark. SLOPE which describes the linear regression implemented among the two variables.

Manipulating beta tacts can be beneficial as a member of a wider investment strategy to restrain downside risk or accomplish short-term gains, but it's essential to retrieve that it is also controlled to the same levels of market levity as any other trading strategy. A beta may yield varying results because of the fluctuations in determining it, such as various periods practiced to estimate data.

6 0
3 years ago
Other questions:
  • Bob deposits $1,500 at the beginning of each quarter for sixteen years in a fund earning a nominal rate of interest of 6% conver
    10·1 answer
  • Viet drives around and checks meters to document the amount of electricity used in homes. What Energy pathway is he a part of? E
    15·2 answers
  • Debeers sells most of the diamonds it produces to industry. the company controls over 90 percent of the market and has great pow
    5·1 answer
  • On the _________________________date, the dividend to be paid is recorded as a _______________________, and retained earnings ar
    12·1 answer
  • Is a production process that generates customized products in high volumes?
    14·1 answer
  • You are considering an investment in fields and struthers, Inc, and want to evaluate the firm's free cash flow From the income s
    10·1 answer
  • Lenders consider loans made with a down payment to have less risk because the down payment gives the borrower some equity, or ow
    9·2 answers
  • The investment most affected by local conditions is:
    13·1 answer
  • A company reporting under US GAAP seeking to present a more favorable view of operating income in its quarterly earnings release
    13·1 answer
  • Grocery stores are likely to hold ______ inventory of candies to meet the extra demand during halloween.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!