subject
Business, 03.12.2019 01:20 valdezangie10

Nominal income per person in the united states in 1960 was about​ $2,800 per​ year, while in 1990 nominal income per person was about​ $21,000. this indicates that
a. people enjoyed a standard of living about 7.5 times higher in 1990 than in 1960.
b. nominal income was about 7.5 times greater in​ 1990, but we​ can't tell if this increase is due to​ inflation, economic​ growth, or a combination of the two.
c. the average person would consider​ him/herself about 7.5 times happier in 1990 than in 1960.
d. a dollar in 1960 was worth less than a dollar in 1990.

ansver
Answers: 3

Another question on Business

question
Business, 02.02.2019 23:50
Accublade castings inc. casts blades for turbine engines. within the casting department, alloy is first melted in a crucible, then poured into molds to produce the castings. on may 1, there were 230 pounds of alloy in process, which were 60% complete as to conversion. the work in process balance for these 230 pounds was $32,844, determined as follows: exercises during may, the casting department was charged $350,000 for 2,500 pounds of alloy and $19,840 for direct labor. factory overhead is applied to the department at a rate of 150% of direct labor. the department transferred out 2,530 pounds of finished castings to the machining department. the may 31 inventory in process was 44% complete as to conversion. prepare the following may journal entries for the casting department: the materials charged to production the conversion costs charged to production the completed production transferred to the machining department determine the work in process"casting department may 31 balance.
Answers: 1
question
Business, 02.02.2019 02:10
Consider the following scenarios. use what you have learned to decide if the goods and services being provided are individual, public, or merit goods. for each case, state what kind of good has been described and explain your answer using the definitions of individual, public, and merit goods. (6 points each) 1. from your window, you can see a city block that's on fire. you watch city firefighters rescue people and battle the flames to save the buildings. 2. while visiting relatives, you learn that your cousins attend a nearby elementary school that is supported financially by local property tax revenue. 3. you see a squadron of military jets flying overhead. 4. you find out that your aunt works for a defense manufacturing company that has several defense contracts with the government. she tells you that she works for a team that is producing a communications satellite. 5. your class visits a local jail run by a private, profit-making company that detains county criminals and is paid with tax revenue.
Answers: 1
question
Business, 01.02.2019 22:00
Paar corporation bought 100 percent of kimmel, inc., on january 1, 2012. on that date, paar’s equipment (10-year life) has a book value of $420,000 but a fair value of $520,000. kimmel has equipment (10-year life) with a book value of $272,000 but a fair value of $400,000. paar uses the equity method to record its investment in kimmel. on december 31, 2014, paar has equipment with a book value of $294,000 but a fair value of $445,200. kimmel has equipment with a book value of $190,400 but a fair value of $357,000. the consolidated balance for the equipment account as of december 31, 2014 is $574,000. what would be the impact on consolidated balance for the equipment account as of december 31, 2014 if the parent had applied the initial value method rather than the equity method? the balance in the consolidated equipment account cannot be determined for the initial value method using the information given. the consolidated equipment account would have a higher reported balance. the consolidated equipment account would have a lower reported balance. no effect: the method the parent uses is for internal reporting purposes only and has no impact on consolidated totals.
Answers: 2
question
Business, 30.01.2019 03:50
The research of robert siegler and eric jenkins on the development of the counting-on strategy is an example of design.
Answers: 3
You know the right answer?
Nominal income per person in the united states in 1960 was about​ $2,800 per​ year, while in 1990 no...
Questions
question
Mathematics, 11.09.2018 17:50
Questions on the website: 6487750