Homework Answers
Answer:
Real Income = [nominal Income / CPI] * 100
Real Income(Year2] = [nominal Income (Year 2) / CPI(Year 2)] * 100
= [60,000 / 110] * 100 = $54,545.45
Real Income = $54,545.45
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D Question 17 4 pts Assume the following data apply to a certain economy: Home CP...
5. Assume the following data apply to a certain country Year CPL inflation 1746 182B 2005...
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the first question option is (remain the same/fall/rise). the
second question option (reducing/increasing). the third question
option (rise above/fall below)
the
option here is (rises above/falls below)
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U Question 23 8 pts Using the data in the accompanying table, answer the following questions: For which good does Canada have a comparative advantage? Select) > For which good does Italy have a comparative advantage? [Select Currently, Canada's economy is producing and consuming at point B, and Italy's economy is producing and consuming at point C. If both agree to specialize and trade at the term 40X-40, determine what gains for both countries.(example 1x:17) Canada's gains in the specialization-trade...
the first question option is (remain the same/fall/rise). the
second question option (reducing/increasing). the third question
option (rise above/fall below)
the
option here is (rises above/falls below)
t Login or Register 6. Why the aggregate supply-curve slopes upward in the short run Apla Student G In the short run, the quantity of output that fims supply fronm from the expected price level. Several theories explain how this might happen can deviate from the natural rate of output if the actual...
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