If the expected inflation rate is 5% and negotiations agree that the real wages should be rise by 7%, the two sides will agree to an increase in the money wage of: a) 2% b)5% c)7% d)12%
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multiple choice questions
If the expected inflation rate is 5% and negotiations agree that the real wages should be rise by 7%, the two sides will agree to an increase in the money wage of:
a) 2%
b)5%
c)7%
d)12%
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Solved in 3 steps
- Establish the equivalent equation to find the average inflation rate?If the Consumer Price Index was 90 in one year and 100 in the following year, then the rate of inflation was about A 9% B 10% C 11% d 12%SA inflation eases slightly in JanuaryInflation eased to 5.7% in January, down from 5.9% the month prior — which was a hair’s breadth away from theceiling of the South African Reserve Bank’s target range of 3% to 6%, it was announced on Wednesday.According to Statistics South Africa, the main contributors to the 5.7% annual inflation rate were food and nonalcoholic beverages, housing and utilities, transport and miscellaneous goods and services.The 5.9% annual increase in December was the highest since March 2017, when the rate was 6.1%. The Januaryslowdown in inflation was helped by lower fuel prices.South Africa’s inflation numbers come as advanced economies post record figures, which have served as furtherproof that elevated prices are a stubborn feature of the recovery from the Covid-induced economic slump…Elevated inflation, which central banks have said will be transitory, is the result of Covid-related supply bottlenecks 1.16 From the above extract, the South African economy…
- SA inflation eases slightly in JanuaryInflation eased to 5.7% in January, down from 5.9% the month prior — which was a hair’s breadth away from theceiling of the South African Reserve Bank’s target range of 3% to 6%, it was announced on Wednesday.According to Statistics South Africa, the main contributors to the 5.7% annual inflation rate were food and nonalcoholic beverages, housing and utilities, transport and miscellaneous goods and services.The 5.9% annual increase in December was the highest since March 2017, when the rate was 6.1%. The Januaryslowdown in inflation was helped by lower fuel prices.South Africa’s inflation numbers come as advanced economies post record figures, which have served as furtherproof that elevated prices are a stubborn feature of the recovery from the Covid-induced economic slump…Elevated inflation, which central banks have said will be transitory, is the result of Covid-related supply bottlenecks. “The South African Reserve Bank’s target range of 3% to…SA inflation eases slightly in JanuaryInflation eased to 5.7% in January, down from 5.9% the month prior — which was a hair’s breadth away from theceiling of the South African Reserve Bank’s target range of 3% to 6%, it was announced on Wednesday.According to Statistics South Africa, the main contributors to the 5.7% annual inflation rate were food and nonalcoholic beverages, housing and utilities, transport and miscellaneous goods and services.The 5.9% annual increase in December was the highest since March 2017, when the rate was 6.1%. The Januaryslowdown in inflation was helped by lower fuel prices.South Africa’s inflation numbers come as advanced economies post record figures, which have served as furtherproof that elevated prices are a stubborn feature of the recovery from the Covid-induced economic slump…Elevated inflation, which central banks have said will be transitory, is the result of Covid-related supply bottlenecks Which of the following presents the view of inflation…SA inflation eases slightly in JanuaryInflation eased to 5.7% in January, down from 5.9% the month prior — which was a hair’s breadth away from theceiling of the South African Reserve Bank’s target range of 3% to 6%, it was announced on Wednesday.According to Statistics South Africa, the main contributors to the 5.7% annual inflation rate were food and nonalcoholic beverages, housing and utilities, transport and miscellaneous goods and services.The 5.9% annual increase in December was the highest since March 2017, when the rate was 6.1%. The Januaryslowdown in inflation was helped by lower fuel prices.South Africa’s inflation numbers come as advanced economies post record figures, which have served as furtherproof that elevated prices are a stubborn feature of the recovery from the Covid-induced economic slump…Elevated inflation, which central banks have said will be transitory, is the result of Covid-related supply bottlenecks Answer all of the following questions using the above…
- Zoro agreed to make a loan to Kenneth based on an interest rate charge of 8% per annum. Which of the following represents a possible value of the expected inflation rate if Zoro wants to earn more than 5% from the loan? Group of answer choices a. 2% b. 3% c. 5% d. 13%QUESTION 9 If total inflation over 18 years is 17.3%, what is the annual inflation rate? Write the answer in percent terms with up to two decimals (e.g., 10.22 for 10.22%, or 2.33 for 2.33%).How can we calculate the average general inflation rate from the base period?
- John Rebel deposits $10,000 every year for 25 years towards his retirement. If the account earns a market interest rate of 8% per year and inflation is expected to average 2% per year over that period, how much money will be in the account after 25 years in actual dollars and in real dollars. ..... In actual dollars: A. $1,007,446 B. $539,644 C. $731,059 D. $445,603 In real dollars: A. $1,007,446 B. $539,644 C. $731,059 D. $445,603QUESTION 10 If prices grow by 2.9% every year, over 9 years, what is the total inflation rate? Write the answer in percent terms with up to two decimals (e.g., 10.22 for 10.22%, or 2.33 for 2.33%).'UK inflation remained unchanged at 2.8 per cent for the second month in a row, according to official data released on Tuesday. The Office for National Statistics data showed fast rising prices for audio-visual equipment, books, newspapers and stationery in the 12 months to March kept consumer price inflation high. Smaller rises in prices for furniture and furnishings and motor fuels, and lower prices for alcohol contained inflationary pressures. A new measure of consumer price inflation which includes housing costs was also unchanged from February, remaining at 2.6 per cent.' The extract describes an example of... (please state A,B,C or D in the answer) A: constant inflation B: decreasing inflation C: increasing inflation D: zero inflation