After graduating from college in 2010, Art Major's starting salary is $50757.00. Suppose Art Major has a cost of living adjustment (COLA) clause, or an escalator clause, in his labor contract so that he will be able to maintain this same level of purchasing power in real terms in 2011 and 2012. Using the information in the table, how much will Art Major earn in 2011 and 2012 if his salary keeps up with inflation? Round your answers to the nearest dollar.
What is Art Major's salary in 2011? $____________
What is Art Major's salary in 2012? $____________
Answers
Answer:
Salary in 2011: $52,318
Salary in 2012: $55,445
Explanation:
*see image*
Related Questions
What is the eventual effect on real GDP if the government increases its purchases of goods and services by $60,000? Assume the marginal propensity to consume (MPC) is 0.75. $_____________________
What is the eventual effect on real GDP if the government, instead of changing its spending, increases transfers by $60,000? Assume the MPC has not changed. $_____________________
An increase in government transfers or taxes, as opposed to an increase in government purchases of goods and services, will result in
a. an identical eventual effect on real GDP.
b. no change to real GDP.
c. a smaller eventual effect on real GDP.
d. a larger eventual effect on real GDP.
Answers
Answer:
$240,000
$180,000
c. a smaller eventual effect on real GDP.
Explanation:
The eventual effect on real GDP of an increase in government purchases is the initial increase times the multiplier. The multiplier is
multiplier = 1 / (1−MPC)
where MPC is the marginal propensity to consume. The MPC is the fraction of an additional dollar consumers spend and 0.75 in this question. The eventual effect of the $60,000 increase is
$60000.0 × multiplier = $60000.0 × 1 / (1 − 0.75) = $60000.0 × 4 = $240000
The eventual effect on real GDP if the government increases transfers by $60,000 can be found by multiplying the transfer increase by the MPC and the multiplier.
$60000.0 × multiplier × MPC = $60000.0 × 4 × 0.75 = $180000
This is the same formula as in the case of government spending except for the additional multiplier, the MPC. When the government increases transfer payments, they effectively pay consumers directly, who only spend 75% (their MPC) of the initial $60,000 transfer.
Note that if MPC is equal to 0.5, then the multiplier is equal to 2. So the eventual effect is
$60000.0 × multiplier × MPC = $60000.0 × 2 × MPC = $60000.0 × 2 × 0.5 = $60000.0
In this special case, the eventual impact of a transfer is equal to the size of the transfer.
Unless the MPC is equal to 1, the eventual impact on real GDP for a change in government transfers will be less than the eventual impact for a change in government purchases.
Look at the Map below. Which area was considered the Northwest Territory
Answers
Answer:
3
Explanation:
The Northwest Territory was established by the US Congress in 1787
1 = Free state
2 = Slave states
3 = Northwest Territory
4 = Slave states
Hope this helps!
What are some ways the different groups of primates communicate differently?
Answers
Answer:
Primates communicate via different sensory channels, including olfactory, tactile, visual and auditory signals. However, signals are often not differentiated based on their sensory modality, but are rather categorized based on the different cognitive mechanisms assumed to underlie their usage (Liebal et al., 2013b).
Explanation:
By supporting with practical examples, how would you argue out with statement that, “perception in most cases are subjective, irrational and marred with errors”.
Answers
Perception in most cases is subjective, irrational, and marred with error. Examples to support the notion are given below:
Some individuals argue that atoms don't exist because they are not visibleSome argue that there is no God because He is not visibleSome argue that there is no carbon monoxide in a room and even if there is, it cannot be smelt. What is Perception?Perception is a careful organization, identification, and interpretation of information in order to understand the presented information. It is what an individual thinks or feels about a piece of information or something else.
Some perceptions can be filled with flaws and in most cases are subjective and irrational. Even though on the surface it might feel like its true but it is actually the opposite.
Learn more about Perception here:
https://brainly.com/question/1838569
The graph shows a business cycle for a hypothetical economy. Label all five areas on the graph using the appropriate economic term. Some of the terms may refer to more than one area on the graph, and some terms may not refer to any of the areas on the graph.
Answers
Answer:
Top: Peak
Middle: Trough
Bottom (in order): Recession, Expansion, Recession
Explanation:
A peak occurs when economic output reaches a maximum and transitions from getting larger to getting smaller. The top label points out the two peaks in this business cycle.
A trough is just the opposite. Economic output is minimized and changes from shrinking to expanding as time elapses. The second highest label points out the two troughs in this graph.
A recession occurs when economic output is shrinking. The shaded areas show declining economic output. That is, the curved line (the height of which measures economic output) is downward‑sloping. These are both recessions.
An expansion is the opposite. Between the two recessions, growing economic output indicates an expansion. The term expansion belongs in the label referring to the area between the two shaded bars.
The remaining terms are not typically used to describe the business cycle.
Question 5 of 10
The main purpose of the Health Insurance Marketplace is to help people:
A. assess their insurance risks.
B. increase their insurance deductibles.
C. find health insurance plans,
D. extend their health insurance coverage.
Answers
The main purpose of the Health Insurance Marketplace is to help people find health insurance plans.
What is the purpose of Health Insurance Marketplace?It is a service that helps people shop for and enroll in health insurance matters that affect them.
The Health Insurance Marketplace is a resource where individuals, families, and small businesses can:
Compare health insurance plans for coverage and affordability.Get answers to questions about your health care insurance.Enroll in a health insurance plan that meets your needs.Hence, the main purpose of the Health Insurance Marketplace is to help people find health insurance plans.
Learn more about Health Insurance Marketplace here : https://brainly.com/question/1941778+
Answer: find health insurance plans
Explanation: because
Mohandas Gandhi helped India win independence through __________.
a: fighting
b: communism
c: nonviolent protests
d: industrialization
Answers
Answer:
non- violent protests
Explanation:
gandhi ji come india and start satyagrah against British and he want to democratic country as india
A personality test can't be used to?
A. diagnose mental health conditions .
B. reflect on your own personality type.
C. measure your individual personality traits.
D. show you careers you may be interested in.
Answers
Answer:
A.
Explanation:
Personality tests can not be used to diagnose a mental health condition.
why are effective follwers as important as effective leaders?
Answers
most people know me for my writings about the struggles that arose between social classes and forme the basis of communism. my theories are also the basis of the social-conflict approach to sociological studies. who am i ?
Answers
Answer:
That's Karl Marx
Explanation:
define and explain trade
Answers
Trade is a basic concept involving both buying and selling of goods and services. Trade helps people to buy item or sell any product.
Describe a situation in which informal learning in a school setting might influence a person's political opinions .
Answers
Answer:
A situation in which informal learning in a school setting might influence a person's political opinions is the teacher letting you watch any video you want online about a political subject, and before they let you begin they mention a specific political issue they feel strongly positive or negative towards, expressing a clear bias that might cause you interest in the subject and make you decide to watch content related to the topic which ends up influencing how you feel about it. I hope this works!
Explanation:
Which statement is accurate about voting?
A) You can vote more than once in an election.
B) One vote makes very little difference.
C) It is a powerful way to be engaged in your community.
D) Only wealthy people can vote in elections.
Answers
Answer:
c. sorry if im wrong :(
Explanation:
Answer:
just bilevel in your self
:
features of capital budget .At least 5 points
Answers
Answer:
Big Investments Irreversible Decision MakingHigh Risk Impacts the structure costAffects Your Future CompetitivenessWhich phrase describes the ottman empire
Answers
Answer:
An Indian Islamic kingdom that was tolerant toward Hindus C.
Explanation:
what is the important factor in the eradication of the social problem? Write any one factor
Answers
Answer:
9 and 6
Explanation:
9 and 6 is the important factor because you can multiple 9x6=54
In the early days after the Holocaust, many survivors faced the problem of
wanting to remain in Germany but having to leave.
being forced to move to the country of Poland.
wanting to live in Israel but not being accepted.
having a difficult time finding new places to live.
PLS HURRY
Answers
Answer:
the answe is b beacuse
Explantion:
YOU THOUGHT I KNEW THE ANSWER LOL
Which phrase best describes the ottoman Empire
Answers
Answer:
C. A turkish islamic kingdom that defeated the Byzantine empire
Explanation:
Including the full list of answers,
Which phrase best describes the Ottoman Empire?
A. A Persian Islamic kingdom that fought the Turks
B. An Indian Islamic kingdom that was tolerant toward Hindus
C. A Turkish Islamic kingdom that defeated the Byzantine empire
D. A mongol Islamic kingdom that conquered most of China
C is the answer
Greg is "laid back." He is comfortable with himself and interacting with others. Greg is low in what?
Answers
Greg is low in intrapersonal communication which is communicating with oneself.
What is Interpersonal communication?Interpersonal communication involve the exchange of information between two or more people.
It involves sharing of idea, perspective, emotions and feelings with people.
Therefore, Greg is low in intrapersonal communication which is communicating with oneself.
Learn more on communication here,
https://brainly.com/question/26152499
Read the sentences from the text.
In a cotton mill in Georgia, boys and girls had
to climb onto a frame in order to reach and
replace empty bobbins. A bobbin is a kind of
reel for holding thread.
Which word from the sentences is a
homophone for a word that means “not
imagined or made up; actual”?
O A. mill
O B. frame
O C. empty
O D. reel
Answers
Answer:
The answer is reel Explanation: yes
What is the primary responsibility of congressional committees?
Answers
Answer:
Committees monitor on-going governmental operations, identify issues suitable for legislative review, gather and evaluate information, and recommend courses of action to the Senate.
Explanation:
there ya go
The doctrine that holds the view that historical circumstances are determined by a sequence of economic events
connected to the act of production is known as ............
O A. Economic determinism
O B. Historical materialism
11 a 0
O C. Rationalization
O D. Economic materialism
Answers
How youth could use social media to encourage their peers to become responsible citizens
Answers
Answer:
Youth could use social media to encourage their peers to become responsible citizens by posting helpful tips or videos. Also, they could post how they are getting affected by these in a positive way.
All the planets in our solar system have more or less the same–
Answers
Answer:
As Morbidelli notes, most planetary scientists agree that the planets in our solar system had similar origins as small rocks orbiting the sun, comprising the protoplanetary disk, which collided and fused, creating increasingly larger rocks that eventually became protoplanets.
Explanation:
Answer:
except for pluto
Explanation:
In 2006 pluto was named a dwarf planet and is now forced to sit at the kids table during planet thanksgiving
ohn eats a bowl of cereal for 3 of his 4 meals each day. He finishes two gallons of milk in eight days. How much milk does John use for one bowl of cereal? (Assume he only uses the milk for his cereal.)
Answers
Answer:
1/2
Explanation:
he uses 1/2 For one bowl of cereal.
Explain the role Bison play in the prairie web of life?
o Bison is a food source for large secondary consumers in the prairie.
Bison eats only first order consumers.
Bison eat only decomposers.
Bison are considered to be the top predators in a food chain.
Answers
Answer:
Bison is a food source for large secondary consumers in the prairie.
Explanation:
Bisons are herbivores, so they eat plants. This means they are first-order consumers as first-order consumers always eat producers. Producers are like crops or plants. So they aren't predators, decomposers or predators. They are probably food for secondary consumers as secondary consumers eat first order consumers.
what service does a financial institution offer to help you track your money?
Answers
Answer:
Credit cards
Explanation:
How does the Constitution support separation of Church and State?
Answers
Answer:
The constitution wants the Church to be seperate from the state so the State does not control the church.
A government in which citizens make the decisions is a
Answers
Answer: Direct Democracy
Explanation: Direct democracy, which is also called pure democracy is a democracy in which the decisions are not taken by representatives. All decisions are voted on by the people.
Which term refers to a nation's transportation and communications networks, power generating facilities, educational institutions, and legal, economic, and financial systems?
a. capital stock
b. infrastructure
c. public sector
d. utilities
Which statement is not true?
a. Price signals distorted by extreme inflation or deflation lead to uncertainty and lower the ability of citizens to make good decisions.
b. Countries with relatively large public sector shares in the economy have the highest growth rates in GDP per capita.
c. Establishing and protecting property rights are key elements that promote economic growth.
d. The legal enforcement of contracts promotes economic growth.
Answers
Answer:
b. infrastructure
b. Countries with relatively large public sector shares in the economy have the highest growth rates in GDP per capita.
Explanation:
The capital stock refers to physical, tangible capital assets, and utilities refer to services like power, water, communications, etc.
The public sector refers to the resources under the government's control as opposed to private citizens.
All of these are part of the more general infrastructure, which also includes other things that determine how well an economy functions.
Property rights, enforceable contracts, and stable prices all contribute to economic growth. The conventional wisdom now is that more economic freedom, as opposed to public sector programs, leads to higher growth rates.