Open vs closed economy, namely an open economic system, can import goods or services needed by the country and export to countries that need goods, Meanwhile, in a closed economy, there are no import and export activities.
What is an economic system?An economic system is a tool a country uses to manage economic factors and allocate its resources through economic units and institutions to avoid chaos in the economic field.
There are 2 types of economic systems, namely open economic systems and closed economic systems. Several countries that use an open economic system, namely Singapore, Malaysia, Thailand, Indonesia, and the Philippines.
Learn more about difference between closed and open economies here :
https://brainly.com/question/29795216
#SPJ4
What are the 3 main dimensions of sustainable development?
They are indivisible and interwoven, balancing the three pillars of sustainable development: economic, social, and environmental.
Because it involves three important areas: economic, environmental, and social, sustainable development may be applied to corporate policy in the business sector. A corporation must contribute to economic growth, social improvement, and environmental sustainability in order to be considered sustainable.
The 2030 Agenda commits the global community to "achieving sustainable development in its three dimensions—economic, social and environmental—in a balanced and integrated manner".
According to the diagram at the top of this page, there are three pillars of sustainability: economic viability, environmental conservation, and social equality.
Learn more about to sustainable development visit here;
https://brainly.com/question/17411145
#SPJ4
At a farmer's market, you buy 4 pounds of tomatoes and 2 pounds of sweet potatoes. you spend 80% of the money in your wallet. how much money is in your wallet before you pay?
Answer:
7.5 pound
Explanation:
let us consider the money in wallet before paying be x
Given the total expenditure being = 4+2 = 6 pound
money spent is 80% of money in the wallet
i.e. 80% of x = 6 pound
therefore, x= 6/ 0.8
=7.5 pound
What are the most important and essential strategy when company develop a new product?
Adding fresh value for the consumer is the main goal of any new development. Without this, they wouldn't have any motivation to exchange their cash for the new product.
What Is Product Development Strategy?Product development strategies are the processes and actions used to launch new products onto the market or modify current products to promote the expansion of new enterprises. A product is developed through a number of steps, from the conception of an idea to the delivery of items to customers. Each level requires a strategy in order to be successful and generate revenue for a company.
Why is product development strategy important?A product development strategy is intended to design a strategy for successfully marketing products utilizing market research. Your grand plan should include the methods you'll use at each stage of product development. This might help you focus on the best strategies and overcome obstacles. By planning how to generate new products, you can improve your company's current offerings and grow your clientele.
To know more about Product development visit: brainly.com/question/28347593
#SPJ4
Who sets the price in a free market?
In a free market, the prices are set by buyers and sellers
The interactions between buyers and sellers determine the price of an item in a free market. It should be based on supply and demand with no meddling from the government. Here, buyers and sellers are free to choose whatever they wish to make or purchase. According to the law of supply and demand, when a product is in high demand and has a small supply, its price will often increase.
Whereas, when there is a huge supply of a commodity and little demand for it, the price of that commodity will often be lower. In a free market, buyers and sellers would haggle over the cost of a good depending on their unique wants and needs. The price to be paid will be the one that both the buyer and the seller agree is reasonable and fair.
Read more about the free market on:
https://brainly.com/question/24757596
#SPJ4
if a business has $900 cash currently, $400 revenue each month going forward, and negative $300 profit each month going forward, how many months will it take for the business to run out of money?
The number of months it would take the business to run out of money would be three months.
How to find the number of months ?The company makes a negative $ 300 profit each month. In other words, the business is making a loss of $ 300 every month that it is operating. This loss would have to be catered for by the cash that the business has in reserve.
The business has $ 900 in cash reserves so the number of months until the business runs out of money is:
= Cash reserve / loss per month
= 900 / 300
= 3 months
Find out more on negative profit at https://brainly.com/question/29349567
#SPJ1
How do the 4 factors of production affect the economy?
Factors of production are resources that are utilized to create goods and services. They serve as the economic system's backbone. The four categories into which economists divide the elements of production are land, labour, capital, and entrepreneurship.
Land: Everything that arises from the land, including all natural resources required to produce goods and services, is referred to as "land." Resources from the land are used as raw materials in the industrial process. These materials could be renewable (like wood) or non-renewable (like oil or natural gas).
Labor: People exert effort to produce goods and services, which is referred to as work. Workforce resources include the efforts of individuals like the waiter who brings your lunch from a neighboring restaurant and the engineer who designed the bus that transports you to school.
Capital: Consider the tools, materials, and structures that people employ to produce commodities and services as capital. There are various types of capital needed, depending on the worker and the work being done.
Entrepreneur: An entrepreneur is someone who uses land, labour, and capital in combination with other production elements to make money. The most prosperous businesspeople are those who manufacture brand-new products for the market or come up with unique ways to provide goods and services. Without the entrepreneur fusing land, labor, and capital in fresh ways, many of the inventions we see around us would not be possible.
To know more about the four factors of production, refer to:
brainly.com/question/16755022
#SPJ4
Monique and hassan purchase an over-the-counter test kit to determine when she is ovulating. this is accomplished by monique measuring ____ with the test kit.
Monique and hassan purchase an over-the-counter test kit to determine when she is ovulating. this is accomplished by monique measuring the level of LH in her urine prior to ovulation with the test kit.
This is a test kit for measuring luteinizing hormone (LH) in urine that you can use at home. This aids in identifying the LH surge that takes place 1–112 days before ovulation, in the middle of your menstrual cycle. Using a test strip, luteinizing hormone levels in the urine are examined to perform an LH test. The LH test strips are available in our web shop* or at your neighborhood drugstore.
To learn more about about measuring, click here.
https://brainly.com/question/29198434
#SPJ4
Yoshi carries a balance on her credit card each month. In may, she decides she wants to use her card to buy a new dishwasher. In which part of the billing cycle should she make her purchase to keep her finance charges to the minimum?.
In credit card part of billing and moreover When you do not have any past due then this occurs.
A credit card can be defined as a form of tool where a bank in the form of a loan, with an available line of credit that you can use to make purchases using your card.It can be used to use money before having any fee and large purchases alike.You can spend money using a credit card up to a pre-determined limit. Every month, you'll receive a bill detailing your spending. It's crucial to make an effort to settle the balance in full each month.To know more about Credit Card here
https://brainly.com/question/26857829
#SPJ4
Why should we keep Social Security?
Its fundamental purpose is to give individuals and families the confidence that their level and quality of life will not be seen,as far as possible,greatly deteriorated by any social or economic eventuality.
Social Security helps older Americans,disabled workers, wounded warriors, and families where a spouse or parent dies.Today, about 179 million people work and pay Social Security taxes,and more than 65 million people receive monthly Social Security benefits.As a general rule of thumb, you can expect Social Security to replace about 40% of your pre-retirement income if you take home an average income.But most seniors need more money than that to live comfortably.So,ideally,it's better not to rely on Social Security alone for retirement,but to save independently. Social Security is a particularly important source of income for groups with low incomes and fewer opportunities to save and earn pensions.
To learn more about deteriorated please click on below link.
https://brainly.com/question/1285760.
#SPJ4
ralph is a teacher who works as a musician on weekends. here is his income from w-2 and 1099 forms: wages from teaching $43,871, wages from music jobs $15,873, interest $863, dividends $350, and royalties $1,200. what is ralph's total income?
Ralph's total Income is $ 62,160.02 as he works as a music teacher on weekends.
What do you mean by total income?Gross income sometimes referred to as gross pay on a paycheck is the total of a person's earnings before taxes or other deductions. This covers earnings from all sources, not only work, and is not restricted to earnings in cash; it also covers earnings from the receipt of goods or services.
For businesses, the terms gross income, gross margin, and gross profit are equivalent. On the income statement, a company's gross income is calculated as total revenue less cost of goods sold (COGS)Lenders and landlords evaluate a person's gross income to assess his or her suitability as a borrower or tenant.
To calculate the overall revenue, we must sum all of the salary, interest, dividends, and royalties.
Teaching Pay = $43, 871.82
Salary from the music job: $15,873.00
Interest = $863.90
Dividends =$357.70.
Royalties = $1,200.60
Total Income=62,160.02 dollars
Learn more about total income, here:
https://brainly.com/question/21121917
#SPJ1
Answer:
The correct answer is $62,157.
although firms earn zero profits in the long run, why is the outcome from monopolistic competition considered to be inefficient? i. price exceeds marginal cost. ii. quantity is lower than the perfectly competitive outcome.
Therefore, compared to a perfectly competitive firm, a monopolistically competitive firm will typically produce (ii) less at a greater cost and charge a higher price.
What do you mean by monopolistic?Possessing or attempting to have total control over anything, especially over a business area, without allowing others to participate: She didn't think the fine was enough to stop monopolistic behavior by large producers. The business is charged with monopolistic behavior. Monopolistic marketplaces are those in which only one company provides a certain good or service. The characteristics of a pure monopoly, in which a single business completely dominates the market and controls the supply and price of goods and services, are present in a monopolistic market structure.
What is a monopolistic example?Between perfect and monopolistic competition, known as monopolistic competition, there is monopolistic competition, which incorporates aspects of both and entails businesses with similar but distinct product offerings. Examples of industries with monopolistic competition include dining establishments, hair salons, home goods, and apparel.
To know more about Monopolistic visit:
https://brainly.com/question/14055453
#SPJ4
What is the relationship between data analysis and statistics?
Individual pieces containing factual information that is recorded and utilized for analysis were known as data. The foundation out of which statistics were derived is raw data.
The outcomes of data analysis, including its interpretation and presentation, were also statistics.
With the aid of statistical analysis, as it provides a scientific instrument, enormous amounts of data may be gathered, analyzed, and turned into useful information by spotting common patterns as well as trends. Simply said, statistical analysis is a method for data analysis that assists in deriving meaningful conclusions from unstructured as well as raw data.
At the heart of complex machine learning algorithms in data science, statistics captures and transforms data patterns into usable evidence. To collect, assess, analyze, and derive insights from data, data scientists utilize statistics. They also apply quantitative statistical formulas to the right variables.
To know more about statistics
https://brainly.com/question/23869984
#SPJ4
What is true of a long term investment?
Holding various assets, such as mutual funds, securities, shares, and stocks for longer than a year is referred to as long-term investing.
What is long-term investing ?The two criteria for short-term are not met by a long-term investment. Marketable securities, such as bonds or stocks, make up the majority of long-term investments. On the balance sheet, long-term investments are listed as noncurrent assets, whereas short-term investments are categorised as current assets.Assets that a person or business wants to hold for a duration of more than three years are considered long-term investments. Stocks, property, cash, and other assets can be used to facilitate long-term investments. Long-term investors assume a high level of risk in search of greater rewards.Long-term investing is probably going to result in significant wealth creation. Many people rely on long-term investment returns to plan their financial future since they lack the expertise necessary to participate in derivative markets. It might also consist of interest earned on fixed deposits and dividend income from stock ownership.To learn more about long-term investing refer :
https://brainly.com/question/17050326
#SPJ4
What is the most common method that Americans use to access their bank account?
The most popular way for Americans to access their bank accounts is through mobile banking.
What do you mean by account?Account is a record of debit and credit entries that covers transactions involving a specific asset (such as cash or notes receivable) or a specific person or business. Account is also a statement of transactions for a fiscal quarter that displays the balance.
Where my account on my phone?All of the phone's online accounts are controlled by the Accounts page in Settings. You can access the Accounts option in Settings under the Personal tab. This is distinct from the tab, which contains several choices for how your account works on your device.
To know more about account visit:
brainly.com/question/28336059
#SPJ4
suppose that initially the price is $20 in the long-run in a perfectly competitive market. firms are making zero economic profits. then the market demand increases permanently, leading some firms to enter the market. what will be the new long-run equilibrium price? a. lower than $20 b. higher than $20 c. $20
Lower than $20 will be the new long-run equilibrium price.
What is equilibrium in the long run?When prices respond to market changes and the economy is operating at its maximum capacity, long-run equilibrium has been reached.The intersection of the AD curve, SAS curve, and Long-Run Aggregate Supply (LAS) curve demonstrates the long-term equilibrium.We say the economy is in long-run equilibrium if the current output is equivalent to the output at full employment.When there are no changes in the number of businesses in the market and when all firms are making zero economic profits, a fully competitive market reaches long-term equilibrium.The macroeconomic equilibrium alters as the total demand changes. For instance, long-term equilibrium is present in the economy.Learn more about long-run equilibrium price refer to :
https://brainly.com/question/16237458
#SPJ4
In what ways is business writing different from school essays and private messages?.
The major difference between business writings and school essays are feelings or though processes
There is no minimum word count. you want the messages to be purposeful, economical, and audience oriented. Describe the components in each stage of the 3-x-3 writing process.Professional communication can be defined as the group of policy suggestions, advertisements, press releases, application letters, emails, and memoranda is referred to as business writing.A polite business letter shows the writer's regard for the recipient as well as the organization they are employed with in which they work. They usually take formatting and decorum into account. They also consider their own voice, logic, and clarity.To know more about Communication here
https://brainly.com/question/25981575
#SPJ4
How does stretching make you more flexible?
Research has demonstrated the way that stretching can assist with flexibility, and, subsequently, the scope of movement of your joints. Better adaptability may: Work on your exhibition in proactive tasks. Decline your gamble of wounds.
There are many advantages to regular stretching. Besides the fact that extending assist with canning increment your adaptability, which is a significant element of wellness, however it can likewise work on your stance, decrease pressure and body hurts, and that's only the tip of the iceberg.
Advantages of stretching
1. Builds your flexibility
2. Builds your scope of movement
3. Works on your exhibition in proactive tasks
4. Increments blood stream to your muscles
5. Works on your stance
6. Assists with mending and forestall back torment
7. Is perfect for pressure help
8. Can quiet your brain
9. Helps decline strain migraines
Know more about Stretching - https://brainly.com/question/4540923
#SPJ4
What are price ceilings and price floors?
To control pricing, the government enacts laws called as price limits. Price controls come in two different varieties. A price ceiling prevents a price from increasing over the specified "ceiling" sum. When there is a price floor, the price cannot fall below the "floor" level.
Governments impose and enforce price controls, which are limitations on the prices that can be charged in a market for products and services. Implementing such controls can be done with the intention of containing inflation and keeping prices affordable for consumers even when there are shortages of specific items, or it can be done to attempt and raise wages to the level of a living wage. The two main types of price control are a price ceiling, which sets the highest price that can be charged, and a price floor, which sets the lowest price that can be charged. Rent control is a well-known illustration of a price cap since it restricts the amount of rent increases that landlords are allowed to impose by law. Minimum wage is a commonly utilized pricing floor (wages are the price of labor). In the past, price restrictions were frequently used as a component of a larger incomes policy plan that included included wage controls and other regulatory components. Governments frequently utilize price restrictions, but Western economists generally concur that these measures do not achieve their intended goals. Instead, many economists advise against using price controls altogether. For instance, in the early 1990s, nearly three-quarters of a sample of 1,350 American economists disagreed with the claim that "wage-price limits constitute a desirable policy tool in the control of inflation."
Learn more about price control here
https://brainly.com/question/5591393
#SPJ4
What is the role of customer in enterprise?
An individual or business that purchases goods or services from another company is known as a Customer. Customers are crucial to businesses because they generate income; without them, they would cease to exist.
What functions do customers perform in a company?Customers do more than just pay us for the goods or services we provide. They assist with our planning and research, assist with marketing, carry out quality control inspections, and everything in between. But it's our responsibility to make it simple for them to perform these duties.
What significance does the customer have?Your customers are the most crucial aspect of your business, no matter what sector you operate in or what products and services you offer. There are no sales without the customer. They therefore play a crucial role in creating your marketing strategy and messaging.
To know more about customer visit-
https://brainly.com/question/13472502
#SPJ4
Jordan likes working in as an insurance underwriter because it has structure and certainty, and the daily work is routine. Jordan probably Multiple Choice
O has a large need for ambiguity
O has a low tolerance for ambiguity.
O has a high tolerance for ambiguity
O is in the middle ambiguity range.
Jordan likes working in as an insurance underwriter because it has structure and certainty, and the daily work is routine. Jordan probably has a low tolerance for ambiguity. Thus, the correct answer is option B.
Who is an insurance underwriter?
Insurance underwriters are experts who assess and analyze the risks associated with insuring people and assets. Pricing for accepted insurable risks is determined by insurance underwriters.
Jordan prefers to work in a highly structured industry where the majority of his tasks are repetitive (they are the same or similar day after day). He most likely dislikes making decisions about various courses of action and is incapable of dealing with perplexing and unresolved situations. As a result, he must perform tasks that do not require creative solutions and are mostly routine.
Therefore, Jordan being an insurance underwriter probably has a low tolerance for ambiguity.
To learn more about insurance underwriter, click here:
https://brainly.com/question/14606869
#SPJ4
john is appointed as a vulnerability assessment engineer in a financial organization. an audit report published by a third-party auditing firm revealed that most of the web servers have cross-site scripting and xml entity injection vulnerabilities. john has been told to perform a vulnerability assessment on these servers to verify if the audit report is valid. he is also told that he should not attempt to engage or exploit any vulnerabilities but still needs a deeper insight. by applying his knowledge of vulnerability assessment concepts, which type of vulnerability scanning should john use?
John should use a non-intrusive scan because it does not cause any harm to the goal and it also does not exploit or engage any vulnerabilities. Thus, option A is correct.
Operations may be temporarily halted if an invasive scan aggressively seeks to exploit vulnerabilities. For this reason, if it is employed at all, it should be done after business hours or in a test setting. A non-intrusive scan looks for vulnerabilities without trying to take advantage of them.
A penetration test really makes an effort to get into the network by taking advantage of weaknesses. The majority of an audit is a document review. Finding vulnerabilities may be done using both invasive and non-intrusive vulnerability scans.
Therefore, John should use a non-intrusive scan.
Learn more about non-intrusive scans here:
https://brainly.com/question/33601650
#SPJ12
Your question seems to be incomplete, but most probably the complete question was:
John is appointed as a vulnerability assessment engineer in a financial organization. An audit report published by a third-party auditing firm revealed that most of the web servers have cross-site scripting and XML entity injection vulnerabilities. John has been told to perform a vulnerability assessment on these servers to verify if the audit report is valid. He is also told that he should not attempt to engage or exploit any vulnerabilities. By applying his knowledge of vulnerability assessment concepts, which type of vulnerability scanning should John use?
a. Nonintrusive
b. Intrusive
c. Non-credentialed
d. Credentialed
Depreciation of the dollar will: Decrease the price of both imports to and exports from theUnited States. Increase the price of both imports to and exports from theUnited States. Increase the price of the goods imported into the United Statesand decrease the price to foreigners of U.S. exports. Decrease the price of imports into the United States andincrease the prices to foreigners of U.S. exports. 2) Which of the following occurs when the FEDundertakes policies which increase interest rates in the UnitedStates? The demand for dollars increases and then the supply of dollarsdecreases. Both the supply and demand for dollars decrease. Both the supply and demand for dollars increase. The supply of dollars increases and the demand for dollarsdecreases. 3) Suppose that monetary policy in the UnitedStates leads to an increase in interest rates relative to those inJapan. Which of the following will occur in the capitalaccount? The dollar will depreciate relative to the yen. The dollar will appreciate relative to the yen. The supply of dollars will increase. The demand for yen will increase. 4) Restrictive monetary policy by the Fedshould lead to: An increase in investment and an increase in aggregatedemand. A decrease in investment and an increase in aggregatedemand. A decrease in investment and a decrease in aggregatedemand. Leave investment unchanged but decrease aggregate demand. 5) An expansionary monetary policy by the Fedwould tend to: Lower the U.S. inflation rate, make exports more expensive,make imports cheaper, and lower the value of the dollar. Lower the U.S. inflation rate, make exports cheaper, makeimports more expensive, and raise the value of the dollar. Raise the U.S. inflation rate, make exports cheaper, makeimports more expensive, and raise the value of the dollar. Raise the U.S. inflation rate, make exports more expensive,make imports cheaper, and lower the value of the dollar. 6) An expansionary monetary policy by the Fedwould be expected to: Raise domestic income, reduce imports, and increase the currentaccount trade deficit. Raise income, raise imports, and increase the current accounttrade deficit. Reduce income, reduce imports, and reduce the tradedeficit. Reduce income, raise imports, and reduce the tradedeficit. 7) If the dollar is depreciating more thandesired, an appropriate policy by the Federal Reserve Board tosupport the value of the dollar would be: A tax cut. An increase in U.S. interest rates. An expansionary monetary policy. Printing money.
The depreciation of the dollar will Increase the price of the goods imported into the United States and decrease the price to foreigners of U.S. exports.
For first question, the depreciation of dollar it mean the dollar value is lower than before, it will make the import goods have higher price and US goods have lower price.
For second question, when the FED increase the interest rates people will want to save their money this will make the demand decrease because people will less borrow and supply increase.
For third question, since the monetary policy in US will increase interest rates in Japan, it mean the dollar will appreciate relative to the yen.
For fourth question, restrictive monetary policy it mean the FED want to slow economic growth to stabilization and restrict money supply, it mean the investment will decrease and aggregate demand will decrease.
For fifth question, the expansionary monetary policy will give more money supply, it mean the interest rate will lower, inflation rate then higher and this will affect to the cheaper imports and expensive exports. Then, it will lower the value of the dollar.
For sixth questions, expansionary monetary policy will give more money supply or in other word it will raise our income and our demand for imports, this will bring trade account to deficit.
For last questions, the dollar depreciation can occur because of the large supply of dollars in society so reducing it can help overcome dollar depreciation. One way to reduce it is to increase interest rates.
Learn more about monetary policy here:
brainly.com/question/13926715
#SPJ4
Question 1 (1 point) A distinguishing characteristic of public transfer payments is that: OA) they are counted as part of government purchases in the calculation of the gross domestic product. B) the recipients make no contribution to current production in return for them. C) they are used to subsidize the major transportation carriers to reduce transportation costs. D) there is a tax on the amount of the subsidy above a certain income level.
A distinguishing characteristic of public transfer payments is that the recipients make no contribution to current production in return for them.
Current Production refers to the actual production of crude oil, natural gas, or natural gas liquids during the month that before the month in which the applicable hedge contract was entered into, each of which is calculated separately. Current Production is the lesser of the previous month's natural gas equivalent-based crude oil and natural gas production by the Borrower and its Restricted Subsidiaries and the internally-forecasted natural gas equivalent-based crude oil and natural gas production by the Borrower and its Restricted Subsidiaries for each of the following 48 months.
Production that occurs in the current time frame, or the time frame being measured.
learn more about current production here
https://brainly.com/question/13311158
#SPJ4
Saved Help Save & Exit Subn Vk 3 - Apply: Employee Performance and 1 Monitoring Performance Through Goal Measurement 9.24 points Performance management doesn't stop once effective goals are set for employees. Monitoring performance is an important next step to monitoring progress toward achievement of those goals and accurate measurement of progress is critical. This activity is important because managers can use information gathered during performance monitoring to identify problems with and find opportunities to enhance employee performance. BOR Pent The goal of this activity is for you to develop your knowledge of monitoring performance by matching measures of goal progress with their descriptions. Read the descriptions of measures of goal progress Match each type of measure to the appropriate description References Quality Financial metrics 3 Timeliness Quantity Match each of the options above to the Rems below Was the goal or work completed in a timely manner? Was the goal or work done well? How much What was the profit or return?
A regular and consistent check on employee performance helps HR measure and evaluate employees' efficiency in meeting responsibilities and accomplishing targets.
What is the meaning of employee performance?The way a worker performs their job responsibilities and completes necessary tasks is referred to as their "employee performance." It speaks to the usefulness, excellence, and efficacy of their output. Performance is a factor in how valuable we consider each person to be to the company.
The goals and objectives of management are made obvious to personnel through employee performance evaluation. They discover that their efforts are evaluated and appreciated. For the benefit of the company as a whole as well as them, it's critical to maintain high performance.
Learn more about Employee Performance here:
https://brainly.com/question/14561524
#SPJ4
Question 3 of 43: A closeout report is primarily used to Select an answer
O share a summary of the project with others
O identify scope that wasn't completed in the project
O document the completion of contracts initiated by the project
O document the results of acceptance tests
A closeout report is primarily used to draft the summary of a project plan and the performance efficiency of it.
The lecturer The final status report for a project is similar to a closeout report. It provides a summary of the project's findings and lets you pass along what you've learned to others. As you would in a news story, start with the highlights of the effort, what it accomplished, and if it was a success. A project closeout report is a detailed report that outlines important project elements and records changes to a project's budget, timeline, and scope. Reports frequently look at the entire project and include details on the project manager's ability to successfully complete the project's phases. Project closeout refers to the successful completion of a project and the final asset transfer to the customer.
To learn more about closeout report click the link below:
brainly.com/question/23806120
#SPJ4
14-64 consumer price index, for the period from 1990 to 2017. (b) using the equivalent annual inflation rate computed in part (a), estimate the consumer price index for 2022. (c) is it more practical or more ethical to use an approach like (b) rather than relying on government forecasts of inflation?
consumer price index, for the period from 1990 to 2017 are as follows.
1990 130.7 5.4 2013 233.0 1 . 5
1991 136.2 4.2 2014 236.7 1. 6
1992 140.3 3.0 2015 237.0 0. 1
1993 144.5 3.0 2016 240.0 1. 3
2017 245.1 2.1
What is consumer price index?A CPI is a statistical calculation created using a sample of representative items with prices that are periodically gathered. For various categories and sub-categories of goods and services, sub-indices and sub-sub-sub-indices can be calculated. These sub-indices and sub-sub-indices are then combined to produce the overall index, with weights reflecting their shares in the total of the consumer expenditures covered by the index. It is one of many price indices that are computed by the majority of national statistical organizations. As a gauge of inflation, the annual percentage change in a CPI is used. A CPI can be used to control prices, deflate monetary magnitudes to show changes in real values, and index (i.e. adjust for the effect of inflation) the real value of wages, salaries, and pensions.To learn more about consumer price index refer to:
https://brainly.com/question/27886596
#SPJ4
How does wealth inequality affect the economy?
Wealth inequality affect the economy in various ways which makes it unstable.
The fact that the wealthy consume a lesser percentage of their money than the poor is one way this occurs. They conserve funds that those with lower salaries would otherwise squander. This causes the aggregate demand in economy to decline, which in turn causes unemployment.
Governments respond by decreasing borrowing rates and other measures to increase demand. Individuals with low or decreasing relative earnings continue to sustain their expenditure through borrowing as wealth inequality increases. Mortgage or consumer loan defaults can happen from even a slight increase in unemployment or interest rates, which can have disastrous effects.
Know more about wealth inequality here
https://brainly.com/question/28491291
#SPJ4
Why do banks hold reserves at the Fed?
Banks are required by the Federal Reserve to keep a specific amount of cash on hand so that they never run out and have to turn away a customer's withdrawal, potentially igniting a bank run.
The Fed pays interest on bank reserves Why?The Federal Reserve is frequently referred to as "the bankers' bank."This is due to the fact that the country's 12 Reserve banks and its branches offer commercial banks services that are similar to those provided to the banks' own customers. For instance, the Reserve bank's duties include lending money and giving banks cash. Commercial banks, savings institutions, and credit unions are examples of depository institutions that must adhere to statutory reserve requirements. Based on its deposit liabilities, a bank must maintain a certain amount in reserves.
To know more about FED visit:
https://brainly.com/question/20628585
#SPJ4
Which are indicators that economists use to measure how an economy grows?
Economic indicators include measurements of macroeconomic stability and performance, such as gross domestic product (GDP), consumption, investment, and international trade (central government budgets, prices, the money supply, and the balance of payments).
Gross domestic product (GDP) measures the market value of all completed goods produced and sold by countries within a specific time period in terms of money. Due to the measurement's complexity and subjectivity, it must be repeatedly adjusted before it can be considered a reliable indicator. While GDP per capita does not account for differences in the cost of living and inflation rates of the various countries, nominal GDP is preferable for comparing national economies on the global market. Therefore, when comparing living standards between nations, employing a base of GDP per capita at purchasing power parity (PPP) may be more useful.
Learn more about GDP from
brainly.com/question/1383956
#SPJ4
Economic indicators include measurements of macroeconomic stability and performance, such as gross domestic product (GDP), consumption, investment, and international trade (central government budgets, prices, the money supply, and the balance of payments).
Gross domestic product (GDP) measures the market value of all completed goods produced and sold by countries within a specific time period in terms of money. Due to the measurement's complexity and subjectivity, it must be repeatedly adjusted before it can be considered a reliable indicator. While GDP per capita does not account for differences in the cost of living and inflation rates of the various countries, nominal GDP is preferable for comparing national economies on the global market. Therefore, when comparing living standards between nations, employing a base of GDP per capita at purchasing power parity (PPP) may be more useful.
Learn more about GDP from
brainly.com/question/1383956
#SPJ4
Choose the best example of presenteeism. Multiple Choice Randy always volunteers for special projects and signs up for activities with the team. Eloise is sometimes late to work, but always stays late to make up the time. Teresa is always on time and ready to work, even when sick. Enid rarely volunteers for projects but always meets team goals.
The option that best example presenteeism is option 3.
Teresa is always on time and ready to work, even when sick.
Presenteeism is the lost in the productivity that occurs when employees are not fully functioning in the workplace because of an illness, injury, or other condition. Even though the employee may be physically at work, they may not be able to fully perform their duties and are more likely to make mistakes on the job.
Presenteeism which is also known as sickness presence is the act of showing up for work without being productive, generally because ill-health prevents it.
Working while being sick may not bring 100% efficiency even when all best is given. Teresa who is always punctual at work even when sick for the fear of losing the job is exhibiting presenteeism.
Learn more about Presenteeism here
https://brainly.com/question/27975021
#SPJ1