Questions
John earned $59,000 of nominal income in 2017. The CPI is 242 for 2017. John earned...

John earned $59,000 of nominal income in 2017. The CPI is 242 for 2017.

John earned $60,000 of nominal income in 2018. The CPI is 252 for 2018.

(a) Calculate the percent change in John’s real income from 2017 to 2018. Please calculate your answer to the second decimal place (hundredths place). Show how you got your answer.

(b) Using the information above calculate the inflation rate from 2017 to 2018. Please show the work done to get your answer. Please calculate your answer to the second decimal place (hundredths place).

(c) If Bill lent Sue $20,000 from 2017 to 2018 and charged Sue a nominal interest rate of 5.00%, then please calculate the real interest rate that Bill earned for this loan. Please show how you got your answer. Please calculate your answer to the second decimal place (hundredths place)

(d) If Bill wanted to earn a real interest rate (return) of 5.00% for the loan mentioned above, then what nominal interest rate should he have charged Sue? Please show how you got your answer. Please calculate your answer to the second decimal place (hundredths place).

In: Economics

The Banana Republic’s stock of capital at the end of 2015 was $200 billions. The Republic’s...

The Banana Republic’s stock of capital at the end of 2015 was $200 billions. The Republic’s investment during the year 2016 was $ 40 billions. The depreciation rate in the Republic was 10%.

23- Depreciation of the capital during the year 2016 was _______

a. $20.0 billions              c. $13.0 billions

b. $24.0 billions             d. $180.0 billions            e. $10.0 billions

24- The net investment during the 2016 in the Republic was _______

a. $20.0 billions              c. $13.0 billions

b. $8.0 billions               d. $10.9 billionse. $16.0 billions

25. The stock of capital at the end of 2016 was _________

a. $100.0 billions                        c. $13.0 billions

b. $220.0 billions                        d. $93.0 billions

e.  can’t be determined

I know the answers I need to know formulas/ how to get the answers

In: Economics

The simple interest rate per year that will accumulate the same amount of money in 2...

The simple interest rate per year that will accumulate the same amount of money in 2 years as a compound interest rate of 20% per year is closest to:

Question 5 options:

44%

10%

22%

12.4%

In: Economics

What are the economic and political arguments for regional economic integration? Given these arguments, why don't...

What are the economic and political arguments for regional economic integration? Given these arguments, why don't we see more substantial examples of integration in the world economy. What was the effect of the creation of a single market and single currency with the EU on competition within the EU? Why?

In: Economics

Dumping Business Case Problem 11-4, Page 228 Nuclear power plants use low-enriched uranium (LEU) as a...

Dumping

Business Case Problem 11-4, Page 228

Nuclear power plants use low-enriched uranium (LEU) as a fuel. LEU consists of feed uranium enriched by energy to a certain assay--the percentage of the isotope necessary for a nuclear reaction. The amount of energy required is described by an industry standard as a "separative work unit" (SWU). A nuclear utility may buy LEU from an enricher, or the utility may provide an enricher with feed uranium and pay for the SWU's necessary to produce LEU. Under an SWU contract, the LEU returned to the utility may not be exactly the uranium the utility provided. This is because feed uranium is fungible and trades like a commodity (such as wheat or corn), and profitable enrichment requires the constant processing of undifferentiated stock. Foreign enrichers, including Eurodif, S.A, allegedly exported LEU to the United States and sold it for "less than fair value." Did this constitute dumping? Explain. If so, what could be done to prevent it? [United States v. Eurodif, S.A., 555 U.S. 305, 129 S.Ct. 878, 172 L.Ed.2d 679 (2009)] (Cross & Miller, 2018, p. 228)

In: Economics

For this discussion, you are tasked with finding an article or television segment discussing either a...

For this discussion, you are tasked with finding an article or television segment discussing either a US or foreign policy change that is having some type of impact on the manufacturing process, price of goods and employment rates in the US. I am going to ask that you only look at this discussion in terms of policy and not through the often-divisive lens of politics. Please copy and paste your article into the discussion forum or the link if it is a television segment. Additionally, please summarize what the policy is that is being discussed and how it is impacting manufacturing in this country.

In: Economics

suppose an economic boom is driven by very high levels of consumer confidence. compare and contrast...

suppose an economic boom is driven by very high levels of consumer confidence. compare and contrast the Keynesian and Monetarist approach in preventing the economy from overheating

In: Economics

Discuss the basic differences between a competitive and a monopoly market. Which market has higher elastic...

Discuss the basic differences between a competitive and a monopoly market. Which market has higher elastic demand in the long run and why?

In: Economics

1) Explain Adam Smith statement that : "nothing is more useful than water: but it will...

1) Explain Adam Smith statement that : "nothing is more useful than water: but it will purchase scarcely anything; scarcely anything can be had in exchange for it." Use the Diamond-Water paradox as an example.? Do you think Adam Smith statement still holds true today? Which drivers make water a scarce resource today? Do you think management of water will be a challenging issue in Saudi Arabia within the next few decades?

In: Economics

How would discovering the cause of the Medicaid Waiver waiting list contribute to society and human...

How would discovering the cause of the Medicaid Waiver waiting list contribute to society and human welfare?

In: Economics

Fiscal Policy is another way to affect the economy. Functional finace proposes that governments should make...

Fiscal Policy is another way to affect the economy. Functional finace proposes that governments should make spending and taxing decisions based on their effect on the economy.   

Give an example of a fiscal policy and the intended goal of the policy.

Do you agree that the government should make taxing and soending decisions based on what the economy needs in terms of expansion or contraction? Explain.

In: Economics

(1) name a branded example, then (2) hypothesize about how you might categorize customers by their...

(1) name a branded example, then (2) hypothesize about how you might categorize customers by their different needs, and (3) how the company offers values/benefits to meet those needs for each categorized customers.

  • Automobiles (B2C) (20 points)
  • Air travel transportation (B2C) (20 points)
  • Computer software (B2C) (20 points)

In: Economics

Identified demand and supply shifters for your product. Choose one demand and one supply factor. Sketch...

Identified demand and supply shifters for your product. Choose one demand and one supply factor. Sketch two SD diagrams to illustrate how an increase in this factor will shift D or S curves, and what happens to the market P and Q in each case. Explain briefly.

In: Economics

Organic food is grown without synthetic pesticides, chemical fertilizers or genetically modified seeds. In recent decades,...

Organic food is grown without synthetic pesticides, chemical fertilizers or genetically modified seeds. In recent decades, the demand for organic products has increased dramatically. The Organic Trade Association reported sales increased from $1 billion in 1990 to $31.5 billion in 2011, more than 90% of which were sales of food products.

Why, then, are organic foods more expensive than their conventional counterparts? The answer could be an application of the supply and demand model. Describe in your own words what factors have affected and will continue to affect the demand and supply for organic foods? Describe any shifts, and make any predictions of what might happen to the prices of organic foods in the future.

In: Economics

In Lenin, why do developed economies export capital? What are the roots of imperialism? How does...

In Lenin, why do developed economies export capital? What are the roots of imperialism? How does capitalism give rise to the need for imperialism? To what extent Lenin's theory explains the first half of the 20th century?

In: Economics