Business, 25.03.2021 16:40 jetblackcap

The classical dichotomy is the separation of real and nominal variables. The following questions test your understanding of this distinction. Frances spends all of her money on comic books and beignets. In 2015, she earned $15.00 per hour, the price of a comic book was $5.00, and the price of a beignet was $3.00. Which of the following give the nominal value of a variable? a. Rina's wage is 2 comic books per hour in 2015.
b. The price of a beignet is $2.00 in 2015.
c. Rina's wage is $14.00 per hour in 2015.

Which of the following give the real value of a variable? Check all that apply.

a. Rina's wage is $14.00 per hour in 2015.
b. The price of a comic book is 3.5 beignets in 2015.
c. Rina's wage is 7 beignets per hour in 2015.

Answers: 3

Show answers

Other questions on the subject: Business

Business, 22.06.2019 10:50, stodd9503

Explain whether each of the following events increases, decreases, or has no effect on the unemployment rate and the labor-force participation rate. a. after a long search, jon finds a job. b. tyrion, a full-time college student, graduates and is immediately employed. c. after an unsuccessful job search, arya gives up looking and retires. d. daenerys quits her job to become a stay-at-home mom. e. sansa has a birthday, becomes an adult, but has no interest in working. f. jaime has a birthday, becomes an adult, and starts looking for a job. g. cersei dies while enjoying retirement. h. jorah dies working long hours at the office.

Answers: 2

continue

Business, 22.06.2019 14:20, clairajogriggsk

Your uncle borrows $53,000 from the bank at 11 percent interest over the nine-year life of the loan. use appendix d for an approximate answer but calculate your final answer using the formula and financial calculator methods. what equal annual payments must be made to discharge the loan, plus pay the bank its required rate of interest

Answers: 1

continue

Business, 22.06.2019 20:00, 2965276513

Afirm is producing at minimum average total cost with its current plant. draw the firm's long-run average cost curve. label it. draw a point on the lrac curve at which the firm cannot lower its average total cost. draw the firm's short-run average total cost curve that is consistent with the point you have drawn. label it. g

Answers: 2

continue

Business, 22.06.2019 23:30, paigeyadon13

At the save the fish nonprofit organization, jenna is responsible for authorizing outgoing payments, rob takes care of recording the payments in the organization's computerized accounting system, and shannon reconciles the organization's bank statements each month. this internal accounting control is best known as a(n) a. distribution process. b. segregation of duties c. specialized budget d. annotated financial process

Answers: 2

continue

You know the right answer?

The classical dichotomy is the separation of real and nominal variables. The following questions tes...