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
Liula [17]
2 years ago
14

The price of a candy bar is $1.13 in Year 1 and $1.18 in Year 2. The nominal wage rate is $8 in year 1 and $9 in year 2. What is

the approximate percentage change in the real wage rate from year 1 to year 2
Business
1 answer:
victus00 [196]2 years ago
5 0

The approximate %change in the real wage rate from year 1 to year 2 is 8%.

The Real wage refer to an amount of compensation that a worker can can expect to get after factoring inflation rate

CPI in Year 1 = 1.13 * 100

CPI in Year 1 = 113

CPI in Year 2 = 1.18 * 100

CPI in Year 1 = 118

Real wage = Old wage * CPI in Year 2/CPI in Year 1

Real wage = 8 * (118/113)

Real wage = 8.3539

Real wage = 8%

In conclusion, the approximate %change in the real wage rate from year 1 to year 2 is 8%.

Read more about Real wage:

<em>brainly.com/question/1622389</em>

You might be interested in
​If a beneficiary wants to make sure that the life insurance proceeds being paid out are not exhausted before he or she dies, th
Naya [18.7K]

Answer:

Option d. Fixed period

Explanation:

time is very essential. Anytime the policy owner specifies payment to be guaranteed for a specific period regardless of who is the beneficiary, policy owner or who receive the payment,is the fixed period settlement option.

Anything that occur  to annuity after the owner's death is dependent on the type of annuity and its payout plan.

A fixed-period,  is that which is for a certain period of time. the annuity guarantees payments to the annuitant for a set length of time. example is about  10, 15, or 20 years and case payments will continue to be paid to the beneficiary until the time given or  period is due or when  account’s balance reaches zero.

3 0
2 years ago
How many people lost their jobs when the minimum wage increased from $12 to $18
Inessa05 [86]
I would say 33.. But im not 100% sure
3 0
3 years ago
What is ethical behavior?
iren [92.7K]

Answer:

Ethical behavior includes honesty, integrity, fairness and a variety of other positive traits. Those who have others' interests in mind when they make decisions are displaying ethical behavior. In the workplace, there might be a standard for ethics set throughout the company.

Explanation:

3 0
3 years ago
Explain one guideline that will help a speaker use or create an effective presentational aid. Provide examples.
Karolina [17]
You should never read directly from the presentation aid. You should only look and use it when it’s relevant so it shows yk what you are doing and you aren’t just reading it. You should use a font that’s clear and easy to read. You should also use the same font on all your slides. Example: visual aids such as graphs, maps and diagrams.
6 0
3 years ago
A company purchased inventory for $ 2 comma 000 from a vendor on​ account, FOB shipping​ point, with terms of 2​/10, ​n/30. The
Flauer [41]

Answer:

Inventory would be 1, 768

Explanation:

2,000  goods

 +200  freight-in (A)

  -400  returned goods

 <u>   -32 </u> discount (B)

1, 768 net amount for inventory

<u>Notes:</u>

(A) The freight-in will be included in the inventory, as is a cost needed to have the inventory in the company's possession and be ready to use or sell.

(B) goods x discount rate

net goods 2,000 - 4,00 return = 1,600

discount for payment within 10 days 2%

Discount on purchase: 1,600 x 2% = 32

8 0
3 years ago
Other questions:
  • Dan buys a property for $260,000. he is offered a 30-year loan by the bank, at an interest rate of 6% per year. what is the annu
    12·1 answer
  • When increased raw material costs increase prices for consumers, the situation is known as _______ inflation. A. demand-pull
    8·1 answer
  • In their op ed, the executives sought to provide information to the public and drivers about their positions regarding providing
    10·1 answer
  • This year Baldwin achieved an ROE of 5.9%. Suppose management takes measures that increase Asset turnover (Sales/Total Assets) n
    9·1 answer
  • Turquoise Games relies on its employees to provide innovative ideas for new educational products. To foster intrinsic motivation
    10·1 answer
  • Which of the following are included in M2?
    14·1 answer
  • Deregulation always leads to lower prices for the consumer.<br> True.<br> False.
    12·1 answer
  • Bolt Corp. dismissed Ace as its general sales agent and notified all of Ace’s known customers by letter. Young Corp., a retail o
    7·1 answer
  • A nonbottleneck worker currently has an idle time of 20 seconds per unit. Because of the large demand, the company improves the
    10·1 answer
  • ______________is the exercise of individual judgement, instead of formal rules, in making decisions.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!