In a given year, an estimated 7.8 million Mexican-born immigrants were employed in the United States. a. If 70 percent of the Mexican-born immigrants remitted money to family members in Mexico in the same year, and if they each sent $200 per month, how much money did they remit in total for the year? Instructions: Enter your answer rounded to 3 decimal places. billion b. If, instead, 100 percent of the Mexican-born immigrants remitted money to family members in Mexico in that year, and if they each sent $430 per month, how much money did they remit in total for the year? Instructions: Enter your answer rounded to 1 decimal place. | billion c. The actual amount remitted to Mexico in that year by Mexican-born immigrants living in the United States was about $25 billion. If we assume that 65 percent of the Mexican-born immigrants remitted money to Mexico that year and if we further assume that each of those immigrants remitted an equal amount each month, how much per month did each of those immigrants have to remit to total $25 billion for the year? (Do not round your intermediate calculations when computing your answer.) Instructions: Enter your answer rounded to 2 decimal places. billion %24

In a given year, an estimated 7.8 million Mexican-born immigrants were employed in the United States. a. If 70 percent of the Mexican-born immigrants remitted money to family members in Mexico in the same year, and if they each sent $200 per month, how much money did they remit in total for the year? Instructions: Enter your answer rounded to 3 decimal places. billion b. If, instead, 100 percent of the Mexican-born immigrants remitted money to family members in Mexico in that year, and if they each sent $430 per month, how much money did they remit in total for the year? Instructions: Enter your answer rounded to 1 decimal place. | billion c. The actual amount remitted to Mexico in that year by Mexican-born immigrants living in the United States was about $25 billion. If we assume that 65 percent of the Mexican-born immigrants remitted money to Mexico that year and if we further assume that each of those immigrants remitted an equal amount each month, how much per month did each of those immigrants have to remit to total $25 billion for the year? (Do not round your intermediate calculations when computing your answer.) Instructions: Enter your answer rounded to 2 decimal places. billion %24

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

Q-2 Compute the (a) Number of unemployed, (b) Unemployment-rate, (c) Population, and (d) Labor force participation rate, using this data: Number of employed = 1800 million %3D Not in labour force : 730 million Number of Labour force = 2500 million
The value of the CPI increases from 151 in year 1 to 179 in year 2. This means that a good costing $249 in year 1 would on average cost how much in year 2? Round your answer to two decimal places. Et e ASUS f5 f6 f9 f10 f11 & * 4 7 8 R Y U G H. J K V B N 国 5 F. 图 %24
The U.S. Bureau of Labor Statistics just published the following US information for the month of October: People employed was 170.8 million. The number of people incapable of working was 74.5 million, and those not looking for a job counted to 66.9 million. There was a total of 278.9 million working-age adults and total population was 323.2 million. From this information, calculate: Instructions: Round your answer to no decimal place. Do not round values if used to complete. other calculations. The labor force is: The unemployment rate in October was Labor force participation rate was million. Employment to population ratio was %, %. %.
Suppose you'll have an annual nominal income of $20,000 for each of the next three years, and the inflation rate is 5 percent per year. Hint: Present value = Future value = (1 + Growth in prices)* = Real value of next year's income = Next year's income ÷ (1+ Growth in prices) Instructions: Round your responses to the nearest whole dollar. a. Find the real value of your $20,000 salary for each of the next three years. Year 1: $ Year 2: $ Year 3: $ b. If you have a COLA in your contract, what is the real value of your salary for each year? Year 1: $ 19047 Year 2: $ 18144 Year 3: $ 17276
Using the table below, find the real value of a $1200 payment and find the amount that this $1200 should be adjusted to, in order to keep its real value at $1200. Instructions: Round your answers to two decimal places. Cost of living adjusted payment $1200 Real value of Year CPI $1200 100 104 105 2017 $1200 2018 2019 2020 110
If you earned Php 370 per day in 2011 and Php 400 per day in 2013, were you better off in 2013 than in 2011? (Use the CPI data below). Year | CPI 2011 | 97.6 2012 | 100.0 2013 | 104.3 a. Yes, I was better off in 2013. O b. No, I was worse off in 2013. 0 с. I was neither worse off nor better off in 2013. O d. There is not enough information to say whether I was better off or worse off in 2013.
Adjusting for inflation:
Any help would be apreciated
Ans is 0.71 dont know how?
If the total population of a country is 300 million, the unemployment rate is 5% and theparticipation rate is 65%, the working age population is:O 105.0 millionO 195.0 millionO 285.0 millio
The rate of inflation measures the percentage increase in the price of consumer goods. The rate of inflation in the year 2014 was 2% per y in the long run, let's suppose that it persists through 2034. What would be the cost in 2015 of an item that costs $400 in 2014? (Round your answer to the nearest cent.)
Who would inflation affect the least? O Students with student loan debt O The employee of a local shop who receives a non-adjusted salary O Creditors O Your grandmother who keeps money under her mattress