By what percentage would your real income increase

Reference no: EM13210077

If your nominal income rose by 5.30 percent and the price level rose by 4.30 percent in some year, by what percentage would your real income (approximately) increase?

If your nominal income rose by 2.80 percent and your real income rose by 1.00 percent in some year, what must have been the (approximate) rate of inflation?

Reference no: EM13210077

Questions Cloud

Calculate the standard deviation of the return : Suppose that an investor has a choice between buying this security or purchasing a different security that also costs $3000 today but pays off $3300 with certainty in one year. How is an investor's choice of which security to purchase related to h..

Write a c++ program to calculate closet points from a list : Write a C++ program to calculate the closet points from a list. Output will be the name of 2 points Your input format will be : name x-value y-value The following is the input to test your program. A 10 50 B 30 70 C 20 40 D 40 10 E 30 20 F 20 50..

Write a program that reads three integers and print : Write a program that reads three integers and print "In order" if they are sorted in ascending order or descending order, or "not in order" otherwise. For example: 1 2 5 in order 1 5 2 not in order 5 2 1 in order 1 2 2 in order 5 1 2 not in order.

How much output is being forgone coz of cyclical unemploymen : Suppose that the natural rate of unemployment in a particular year is 5 percent and the actual rate of unemployment is 13 percent. Use Okun's law to determine the size of the GDP gap in percentage-point terms.

By what percentage would your real income increase : If your nominal income rose by 5.30 percent and the price level rose by 4.30 percent in some year, by what percentage would your real income (approximately) increase If your nominal income rose by 2.80 percent and your real income rose by 1.00 perc..

Write an expression that divides distance : Given two integer variables distance and speed , write an expression that divides distance by speed using floating point arithmetic, i.e. a fractional result should be produced.

Determine the monthly payment for a loan : Write a program to determine the monthly payment for a loan where the annual interest rate, the amount of the loan, and the number of years are entered as input.

State changing the volume of the solution : A solution is 0.034M in Na2SO4 and 0.035M in Na2CrO4. Solid Pb(NO3)2 is added without changing the volume of the solution. A. Which salt will precipitate first?

Determine the mean chlorine concentration : (c) Probability that the chlorine concentration will exceed 0.80 ppm (d) Probability that the chlorine concentration will be under 0.85 ppm (e) Probability that the chlorine concentration will be between 0.80 ppm and 0.90 ppm

User Account

All Pages