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Which ma scale is large and which one is small?
1:24,000, 1:50,000, 1:125,000, 1:2,000,000, 1:5,000,000, 1:21,000,000
Small scale maps show a larger geographic area and less detailed and large-scale maps show a smaller geographic area with greater detail. The 1:24,000 scale is fairly large. The 1:50,000 scale goes as an intermediate. 1:125,000 is the size of...
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In year 1, your annual income is $45,000 and the CPI is 143.6; in year 2, your annual income is $51,232 and the CPI is 150.7. Has your income risen, fallen, or remained constant? Explain your answer.
The real income (RI) is calculated as nominal income/CPI*100% In year 1: RI = $45,000/143.6 = $31,337 In year 2: RI = $51,232/150.7 = $33,996 So, my real income has...
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Calculating CPI, real, and per capita terms.
Year: 2000, 2001, 2002.
Data: 847, 902, 911.
GDP ($B): 562, 607, 619.
Pop (m): 183, 201, 232.
Calculate CPI 2000 for 2002.
Calculating CPI, real, and per capita terms. Year: 2000, 2001, 2002. Data: 847, 902, 911. GDP ($B): 562, 607, 619. Pop (m): 183, 201, 232. CPI(2000) = 100, CPI(2001) =...
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Calculating CPI, real, and per capita terms.
Year: 2000, 2001, 2002.
Data: 847, 902, 911.
GDP ($B): 562, 607, 619.
Pop (m): 183, 201, 232.
Calculate inflation for 2001.
Inflation for 2001 can be calculated in such way: π(2001) = (Real GDP - Nominal GDP)/Nominal GDP*100% = (902 - 607)/607*100% = 48.6%.
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If social welfare payment to the elderly is adjusted according to the increase in the CPI, explain whether the elderly would be better or worse off based on the CPI?
If social welfare payment to the elderly is adjusted according to the increase in the CPI, then the elderly wouldn't be better or worse off based on the CPI, because...
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Q. which policy you will use Easy-Monetary policy or Tight-Monetary policy
If The CPI and GDP deflator have risen 3 percent in the last six months.
Explain in some sentences
CPI and GDP deflator are the commonly used price indices in measuring inflation. The rise in CPI and GDP deflator by 3% in the past six months is an indication...
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Suppose a country's CPI increased from 2.1 to 2.3 in the course of 1 year. Use this fact to compute the rate of inflation for that year. Why might the CPI overstate the rate of inflation?
ANSWERThe percentage change in the CPI is given by;CPI = CHANGE IN THE CPI \ INITIAL CPI * 100% = (2.3 - 2.1) \ (2.1)* 100% = 9.52%
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Jane earns an income of R10 000 a month and pays R1 500 towards income tax, and when her income increases to R24 000 a month, she now pays R3 600 towards income tax. This is an example of a?
A progressive tax
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Jane earns an income of R10 000 a month and pays R1 500 towards income tax, and when her income increases to R24 000 a month, she now pays R4 200 towards income tax. This is an example of a
This is an example of an increase in the income tax rate depending on the level of wages.With an income of 10,000, Jane pays income tax in the amount of...
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Suppose we were to redefine X as the ratio of German CPI to the U.S. CPI. Would that change the sign of X? And Why?
If we were to redefine X as the ratio of German CPI to the U.S. CPI, then that would not change the sign of X, because CPI can't be negative....
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