What is their purchasing power parity adjusted income

Assignment Help Business Economics
Reference no: EM131076652

An individual makes $45017 per year. If they move to a city where prices are on average 11 percent lower, and they continue to make the same salary, then what is their purchasing power parity adjusted income?

Reference no: EM131076652

Questions Cloud

The inflation rate in each of the two years : Suppose that in 1960 Joe’s grandfather had a starting salary of $20,000 per year. In 2013 Joe graduated from college, got a job, and had a starting salary of $40,000. You need to know the inflation rate in each of the two years to figure out who is b..
Implement the event-driven simulation of a bank : For example, the input fi le shown in the left columns of the following table should produce the output shown in the right column.
Problem regarding the civil disobedience : This is my prompt and I need help. I cannot go past the Thoreau position. How can you please help.   In "Civil Disobedience" (pg. 161-175), Thoreau asserts that sometimes it may be necessary to break the law.
Determine the vertex of the graph of the quadratic function : Determine the vertex of the graph of the quadratic function. Determine the x-intercept(s) of quadratic function. Sketch the graph of the quadratic function f (x) = (x + 4)2 + 1. Identify the vertex and axis of symmetry.
What is their purchasing power parity adjusted income : An individual makes $45017 per year. If they move to a city where prices are on average 11 percent lower, and they continue to make the same salary, then what is their purchasing power parity adjusted income?
Own price elasticity of market demand for retail gasoline : Suppose the own price elasticity of market demand for retail gasoline is -0.9, the Rothschild index is 0.3, and a typical gasoline retailer enjoys sales of $2,350,000 annually. What is the price elasticity of demand for a representative gasoline reta..
Demand for representative gasoline retailer product : Suppose the own price elasticity of market demand for retail gasoline is -0.9, the Rothschild index is 0.3, and a typical gasoline retailer enjoys sales of $2,350,000 annually. What is the price elasticity of demand for a representative gasoline reta..
Describe the basic argument made by the main article : Write a short paper (half-page to a full page) in which you describe 1) the basic argument made by the main article you choose from the book, 2) the basic argument of the rival article, and 3) what position you think you want to take in your paper..
A price index measures : A price index measures:

Reviews

Write a Review

Business Economics Questions & Answers

  Explain how fixed and variable costs should be adjusted

Select a private-sector, for-profit firm and write a 1,050 to 1,400-word paper/business proposal in which you provide recommendations to that firm. Explain how fixed and variable costs should be adjusted to maximize profit.

  Suddenly expect the interest rate to fall in the future

If people suddenly expect the interest rate to fall in the future, then currently,

  What will happen to the long-run aggregate supply curve

In 2010, the Obama administration implemented more restrictive regulation of oil exploration and production in the areas just offshore of the United States. The cost of drilling offshore oil wells is likely to increase significantly as a result. What..

  Options on microsoft stock-disregarding option premium

Consider options on Microsoft stock. Suppose that there are call options with a strike price of $10 and put options with a strike price of $10, both with the expirations date of January 16th. Suppose that there is a 50% chance that the stock price wi..

  Plans to issue new debt to cover any financing needs

Consider the following situation for the US economy and answer the following questions. Suppose there are 10 million people living in the US. in 2013, Obama has to spend $8 per capita in wages to government employees and $2 per capita in government e..

  Compute the gross price paid by consumers

Compute the gross price paid by consumers after a per-ticket tax of $4. Calculate the after-tax price received by ticket sellers.

  About the potential benefits and cost of diversification

Economists argue about the potential benefits and cost of diversification. For example while diversification can certainly help company to promote new products at the same time through the merger of two firms it can be more expansive to develop commu..

  Deposits into a tax-deferred retirement plan

Suppose you make $500 monthly deposits into a tax-deferred retirement plan that pays interest at a rate of 10% per year compound quarterly. Suppose that money deposited during a quarter will not earn any interest. What is the balance at the end of 20..

  Uses the federal funds rate as an operating target

The Federal Reserve uses the federal funds rate as an operating target because

  Why this game is called a cooperative game

In recent yrs, persons also state governments have sued various tobacco companies to compensate for illness also injury allegedly cause d by cigarette smoking.

  Calculate sallys economic profit and her accounting profit

Sally owns a ceiling fan company. Last year, she sold 1300 ceiling fans at $60 each, and each fan costs her $30. Before going into the ceiling fan business, she worked as a fan-dancer at $38,000 a year.

  Illustrate how much consumer surplus does he receive

Illustrate how much consumer surplus does he receive. What is the highest price you can charge for the "all you can eat" special and still attract customers.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd