User Account

All Pages

Calculate the real income for grandfather

Assignment Help Macroeconomics
Reference no: EM131055101

Your grandfather's salary was $10,000 in 1967 and it was $40,000 in 1997. Assume the price index for 1967 was 100 and the price index for 1997 was 420. Calculate the real income for your grandfather in 1997.

Select one:

a. $9,524

b. $9,375

c. $40,000

d. $42,000

Reference no: EM131055101

Questions Cloud

Develop appropriate research design execute research design : Consider the four phases of the research process mentioned in the textbook. determine the research problem, develop the appropriate research design, execute the research design, and communicate the results.
Why is social stratification universal : Why is social stratification Universal? What shifts in global stratification seems to be taking place? Why?
Describe the pattern you see regarding the change : describe the pattern you see regarding the change
Net present value and internal rate of return for project : Lewis Industries looking at a project that will require a dollar 100,000 investments in fixed assets and another dollar 15,000 in net working capital, which will be recovered at the end of the project. The project is expected to produce sales of doll..
Calculate the real income for grandfather : Your grandfather's salary was $10,000 in 1967 and it was $40,000 in 1997. Assume the price index for 1967 was 100 and the price index for 1997 was 420. Calculate the real income for your grandfather in 1997.
What are the key variables you will need to study : What are the key variables you will need to study? Who is the stakeholder and what decision will they make based on the analysis results? What are the multiple ways you might solve this problem?
What impact does transaction have on firm current ratio : Suppose a firm pays a 50,000$ trade credit obligation to a supplier in cash. a. What impact does this transaction have on the firm's current ratio if the initial current ratio equaled 1? b. What impact does this transaction have on the firm's current..
Diverse rural areas into crowded-congested citites : Reasons why people continue to migrate from diverse rural areas into the crowded and congested cities in spite of high and rising levels of urban unemployment?
What are the characteristics of a population : When would the characteristics of a population make them inappropriate to use?

Reviews

Write a Review

Macroeconomics Questions & Answers

  Identify and discuss the tests used to determine whether

Identify and discuss the tests used to determine whether a law complies with the equal protection clause?

  Supply-side economists and monetarists

Supply-side economists and monetarists were very worried about the plan and the support it received from the Fed. What specific problems might a monetarist and a supply-side economist worry about?

  Identify microeconomic analysis from macroeconomic analysis

Find an article in a business journal and 1st summarize the facts presented in the article and then relate these facts to some microeconomics/macroeconomic concept that you discovered in the reading.

  Does higher education provide enough positive externalities

The State of Wyoming spends about $300 million dollars per year on higher education, and also provides generous Hathaway Scholarships. Does higher education provide enough positive externalities for that state subsidy to make sense economically.

  Make the manager indifferent among shirking and working hard

Illustrtae what is the value of x which will make the manager indifferent among shirking and working hard.

  Economic consequences of the peace

John Maynard Keynes wrote the Economic Consequences of the Peace after resigning from the post-WW1 English team negotiating the surrender of Germany. To what extent did the reparations issue and potential economic consequences as described by Keyn..

  What would happen to the amount of economic investment

What would happen to the amount of economic investment made today if firms expected the future returns to such investment to be very low ?

  Utilize an elasticity concept to elucidate each

Utilize an elasticity concept to elucidate each of the following observations.

  Refundable security deposit equal to one month rent

A landlord requires tenants to pay at the beginning of their lease an amount equal to 3 months of rent. He informs the tenants that this is for the first month's rent, the last month's rent, and a refundable security deposit equal to one month's rent..

  Illustrtae what is the required rate of return on each

Illustrtae what is the required rate of return on each of the two company's equity.

  Diseconomies of scale region of its average total curve

1. Productive efficiency does not hold for a profit-maximizing, monopolistically competitive firm in the long run equilibrium because the firm operates along the diseconomies of scale region of its average total curve? True or False

  Thailand economy

Thailand Economy:  I am third year student at college of Business (Finance). I have Macroeconomic research paper about Thailand economy.  I want research paper and PowerPoint slides to present the paper.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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