Answer: One currency is changed from another
Explanation:
Answer:
<em>Hamburgers = 27</em>
<em>Sodas = 93</em>
Explanation:
Let x = Hamburgers
y= Sodas
Now form a system of equation aX + bY = C
where
a= 1.75 = coefficient of variable X
b= 0.75 = coefficient of variable Y
C= 117.50
Put these values in above equation
1.75x + 0.75y = 117.50 . . . . . (1)
Since I sold total of 120 hamburgers and sodas, we can write
x + y = 120 . . . . . (2)
or y = 120 - x ....... put this value in eq.1
1.75x + 0.75( 120 - x ) = 117.50
1.75x + 90 - 0.75x = 117.50
90 + x = 117.50
x = 117.50 - 90
x = 27 .......... put this in equation 2
x + y = 120
27 + y = 120
y = 120 - 27
y = 93
Your friend is in the category of people considered to have HIGH INCOME.
Friend's salary is more than $1 million and he lives off a credit card. He has high income but net worth can't be determined.
Answer:CPI, GDP Deflator
Explanation:CPI(consumer price index) is a macroeconomic measure used to determine the level of inflation in countries like the United States of America.
GDP Deflator is also a macroeconomic measure that measures the price level of all the new products produced domestically within a country in a specified year or period.
Both GDP DEFLATOR AND CPI ARE VERY USEFUL IN DETERMINING THE PERFORMANCE OF AN ECONOMY AS GDP DEFLATOR MEASURES DEFLATION,CPI MEASURES PRICE INFLATION IN A SPECIFIC OR BASE YEAR UNDER REVIEW.