I worker earned 1200 hr in 1990 and 1800 in 2000 then who

Assignment Help Microeconomics

Reference no: EM13392204

If the worker earned $12.00 /hr. in 1990 and $18.00 in 2000, then who would have a higher nominal income and a higher real income? 1990 is the Base Year and CPI in 2000 is 160.

A) Nominal Income for worker in 2000 is higher and the Real Income for worker in 2000 is higher.

B) They will have the same nominal Income and same real incomes.

C) Need more information than the ones provided to answer correctly.

D) The Nominal Income of the 1990 worker is higher and the Real Income for worker in 1990 is also higher.

E) Nominal Income for worker in 2000 is higher and Real Income for worker in 1990 is higher.

F) Nominal Income for worker in 1990 is higher and Real Income for worker in 2000 is higher.

Reference no: EM13392204

Questions Cloud

Ceate market demand schedule for shirt market assuming : table shows four consumers willingness to pay for a shirt and in what quantities. for example ginger wants to buy two

What is the relationship between differentiation and : ldquousing perceptual maps in marketingrdquo simulation summarycomplete the simulation ldquousing perceptual maps in

Illustrate the enterprise value of turnbull corp round to : turnbull corp. had an ebit of 247 million in the last fiscal year. its depreciation and amortization expenses amounted

Compute the february conversion costs in the filtration : spring fresh produces premium bottled water. spring fresh purchases artesian water stores the water in large tanks and

I worker earned 1200 hr in 1990 and 1800 in 2000 then who : if the worker earned 12.00 hr. in 1990 and 18.00 in 2000 then who would have a higher nominal income and a higher real

Pedgrift company employs accounting system which charges : pedgrift company uses an accounting system that charges costs to the manager who has been delegated the authority to

Jack robbins is saving for a new car he needs to have 21000 : jack robbins is saving for a new car. he needs to have 21000 for the car in three years. how much will he have to

Forecast what will happen to interest rates if public : the president of the united states announces in a pre-conference that he will fight the higher inflation rate with a

Write downnbsp the decision criteria should managers use in : what decision criteria should managers use in selecting projects when there is not enough capital to invest in all

User Account

All Pages