Suppose a certain job paid $4 an hour in 1973 when the CPI was 42. Suppose...
Suppose a certain job paid $4 an hour in 1973 when the CPI was 42. Suppose that today the CPI is approximately 252.
What nominal salary would be comparable to 1974's $4 in real terms?
This job would have to pay $____ an hour.
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Homework Answers
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Suppose a certain job
paid $4 an hour in 1973 when the CPI was 42. Suppose...
1, 2, 3 and 4 please! Question 1 According to the theory of comparative advantage, trade...
1, 2, 3 and 4 please!
Question 1 According to the theory of comparative advantage, trade wars are country involved andfor the smaller country involved. for the larger a) Good, Bad b) Bad, Good c) Good, Good d) Bad, Bad Question 2 the stated goal of the Federal Reserve is a) 0 inflation- prices should be consistent over time b) 2% inflation but only considering food and energy prices c) 2% "Core" inflation ignoring food and energy prices d) 2%...
2. Which of the following statements is (are) correct? (x) Suppose that the CPI was 200...
2. Which of the following statements is (are) correct? (x) Suppose that the CPI was 200 in 2006 and was 160 in 1996. Then according to the CPI, $100 in 2006 purchased the same amount of goods and services as $80 in 1996. (y) A worker received $5 for a daily wage in 1930. If the CPI was 17.4 in 1930 and is 215.6 today then the value of that 1930 wage in today’s dollars is more than $68.25 but...
Sample Data Sample Data Hour Sample Taken Hour Sample Taken 1 4 5 X 1 3...
Sample Data Sample Data Hour Sample Taken Hour Sample Taken 1 4 5 X 1 3 1 42 2 3 4 5 6 2 39 36 25 60 28 53 22 56 41 34 43 45 59 42 36 40 45 39 48 26 42 34 61 48 45 29 3 31 61 38 40 54 26 38 42 37 41 53 37 47 41 37 29 20 26 43 38 33 37 37 35 33 36 41 25 37...
0 5x3+1x3+4x6= $42 ☺ 4x4 + 2x2t 5x7= $55 6x3+3X1 +6X 4 = $45 4 $4x3+$2x379...
0 5x3+1x3+4x6= $42 ☺ 4x4 + 2x2t 5x7= $55 6x3+3X1 +6X 4 = $45 4 $4x3+$2x379 © $4x4+$2x2+53 $4X 3+ $2X1 + $5* $4x3+$2x3+$5x6=$ 48 **4+$2x2+$5x7= $ 55 37 $2x1 +$5* 4. - $34 MSVU practice midterm Question 1. Complete the following table. Year 2 is the base year. (6 pt) Year 2 $ 4 Year 3 16 Price of Flour Quantity of flour Price of Water Quantity of Water Price of Paper Quantity of Paper Nominal GDP Year 1...
2 points Seve Answer QUESTION 42 You have just started your new Job in Washington D.C....
2 points Seve Answer QUESTION 42 You have just started your new Job in Washington D.C. at the Bureau of Economic Analysis department. Your first task is to economic indicators from 2017 to assess the macroeconomic state of the country. Which answer fits what you need? The trade balance between the US and some Asian nations. b. Total profit and loss statistics from the city of Washington D.C. for 2017 a. The housing trends for the Western United States for...
53 Selling price of Job 407 ?? 1 Chapter 2: Applying Excel 3 Data 4 Markup...
53 Selling price of Job 407
??
1 Chapter 2: Applying Excel 3 Data 4 Markup on job cost 75% 7 8 Machine-hours 9 Direct labor-hours 10 Total fixed manufacturing overhead cost 11 Variable manufacturing overhead per machine-hour 12 Variable manufacturing overhead per direct labor-hour Department Milling Assembly 60,000 3,000 8,000 80,000 $390,000 $500,000 $2.00 $3.75 13 14 Cost summary for Job 407 15 Department Milling Assembly 90 20 16 Machine-hours 17 Direct labor-hours 18 Direct materials 19 Direct labor...
3% 4% Latisha is graduating from Queens College next semester and she just landed a job...
3% 4% Latisha is graduating from Queens College next semester and she just landed a job at a hospital as a compliance manager. She is excited at the prospect of this new opportunity. She would like to get more organized financially because she believes her new salary will now allow her to move into her own place She talks to her friend, Brad, who sends her his monthly budget. It is a good place to start. Rent in the Bronx,...
13) suppose that Sally's nominal wage rises from $1,000 per week to $1,400 per week. If...
13) suppose that Sally's nominal wage rises from $1,000 per week to $1,400 per week. If at the same time average prices rise 40%, how much will her real income increase? A) $400 per week B) 40%. C) $200 per week. D) 0%. 14) Suppose nominal GDP increases from $400 billion to $800 billion. If at the same time average prices double, then how much did real GDP increase? A) $0 B) $200 billion. C) $400 billion. D) $800 billion....
Please can you explain the formulas? You are 30 years old today and are considering studying...
Please can you explain the formulas? You are 30 years old today and are considering studying for an MBA. You have just received your annual salary of $50,000 and expect it to grow by 3% per year (without earning an MBA). MBAs typically earn $80,000 per year upon graduation, with salaries growing by 4% per year. The MBA program you're considering is a full-time, 2-year program that costs $30,000 per year, payable at the end of each study year. You...
4. Should all protessors be paid the same? The following graphs show the supply of and demand for assistant professors in history (left) and in engineering (right) for a hypothetical university. Use...
4. Should all protessors be paid the same? The following graphs show the supply of and demand for assistant professors in history (left) and in engineering (right) for a hypothetical university. Use the graphs to help you answer the following questions Market for Assistant History Professors Market for Assistant Engineering Professors 7 a0 Demand 120 Demand 84 O 72 32 ー 36 16 Supply 24 Supply 0 7 14 21 28 35 42 49 56 63 0 12 16 20...
1, 2, 3 and 4 please!
Question 1 According to the theory of comparative advantage, trade wars are country involved andfor the smaller country involved. for the larger a) Good, Bad b) Bad, Good c) Good, Good d) Bad, Bad Question 2 the stated goal of the Federal Reserve is a) 0 inflation- prices should be consistent over time b) 2% inflation but only considering food and energy prices c) 2% "Core" inflation ignoring food and energy prices d) 2%...
Sample Data Sample Data Hour Sample Taken Hour Sample Taken 1 4 5 X 1 3 1 42 2 3 4 5 6 2 39 36 25 60 28 53 22 56 41 34 43 45 59 42 36 40 45 39 48 26 42 34 61 48 45 29 3 31 61 38 40 54 26 38 42 37 41 53 37 47 41 37 29 20 26 43 38 33 37 37 35 33 36 41 25 37...
0 5x3+1x3+4x6= $42 ☺ 4x4 + 2x2t 5x7= $55 6x3+3X1 +6X 4 = $45 4 $4x3+$2x379 © $4x4+$2x2+53 $4X 3+ $2X1 + $5* $4x3+$2x3+$5x6=$ 48 **4+$2x2+$5x7= $ 55 37 $2x1 +$5* 4. - $34 MSVU practice midterm Question 1. Complete the following table. Year 2 is the base year. (6 pt) Year 2 $ 4 Year 3 16 Price of Flour Quantity of flour Price of Water Quantity of Water Price of Paper Quantity of Paper Nominal GDP Year 1...
2 points Seve Answer QUESTION 42 You have just started your new Job in Washington D.C. at the Bureau of Economic Analysis department. Your first task is to economic indicators from 2017 to assess the macroeconomic state of the country. Which answer fits what you need? The trade balance between the US and some Asian nations. b. Total profit and loss statistics from the city of Washington D.C. for 2017 a. The housing trends for the Western United States for...
53 Selling price of Job 407
??
1 Chapter 2: Applying Excel 3 Data 4 Markup on job cost 75% 7 8 Machine-hours 9 Direct labor-hours 10 Total fixed manufacturing overhead cost 11 Variable manufacturing overhead per machine-hour 12 Variable manufacturing overhead per direct labor-hour Department Milling Assembly 60,000 3,000 8,000 80,000 $390,000 $500,000 $2.00 $3.75 13 14 Cost summary for Job 407 15 Department Milling Assembly 90 20 16 Machine-hours 17 Direct labor-hours 18 Direct materials 19 Direct labor...
3% 4% Latisha is graduating from Queens College next semester and she just landed a job at a hospital as a compliance manager. She is excited at the prospect of this new opportunity. She would like to get more organized financially because she believes her new salary will now allow her to move into her own place She talks to her friend, Brad, who sends her his monthly budget. It is a good place to start. Rent in the Bronx,...
13) suppose that Sally's nominal wage rises from $1,000 per week to $1,400 per week. If at the same time average prices rise 40%, how much will her real income increase? A) $400 per week B) 40%. C) $200 per week. D) 0%. 14) Suppose nominal GDP increases from $400 billion to $800 billion. If at the same time average prices double, then how much did real GDP increase? A) $0 B) $200 billion. C) $400 billion. D) $800 billion....
4. Should all protessors be paid the same? The following graphs show the supply of and demand for assistant professors in history (left) and in engineering (right) for a hypothetical university. Use the graphs to help you answer the following questions Market for Assistant History Professors Market for Assistant Engineering Professors 7 a0 Demand 120 Demand 84 O 72 32 ー 36 16 Supply 24 Supply 0 7 14 21 28 35 42 49 56 63 0 12 16 20...
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