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Home Question Bank Economics Archive 2024 December 15

Economics Questions from Dec 15,2024

Browse the Economics Q&A Archive for Dec 15,2024, featuring a collection of homework questions and answers from this day. Find detailed solutions to enhance your understanding.

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A stock index was on November 5,2014 , and on November 5,2015 . Allain holds an investment portiolio representative of the stocks in the index. If the value of the portfolio on November 5, 2014, was , what was the value of the portfolio on November 5,2015 ? The portfolio value on November 5, 2015, is . (Round to the nearest cent as needed.) Sarn's annual incomes for 2007, 2009, and 2013 were , and respectively. Supposing that the Consumer possible Price Index for the three years was , and 122.8 respectively, compute Sam's real income for 2007, 2009, and 2013 . The real income for 2007 was . (Round to the nearest cent as needed.) The real income for 2009 was . (Round to the nearest cent as needed.) The real income for 2013 was . (Round to the nearest cent as needed.) How many Canadian dollars can you buy for US\$734.00 if one Canadian dollar is worth US\$0.7389? This question: 1 point(s) A residential property is assessed for tax purposes at of its market value. The residential property tax rate is of the assessed value and the tax is . (a) What is the assessed value of the property? (b) What is the market value of the property? (a) The assessed value of the property is . (Round to the nearest cent.) (b) The market value of the property is . (Round to the nearest dollar.) The Canada Pension Plan premium deducted from an employee's wages was . If the premium rate is of gross wages, how much were the employee's gross wages? The gross wages were . (Round to two decimal places as needed.) 2 of 10 How are simple interest and compound interest different? Simple interest is like having more cash, but compound interest is likg having more debt. Compound interest stays the same over time, but simple interest grows. having more debt. simple interest stays the same over time, but compound interest grows. If the price level in the U.S. is 110 , the price level in Mexico is 120 , and the nominal exchange rate is 140 pesos (Mexic currency) per dollar, what is the real exchange rate from the U.S. perspective? (Med 12. A brand new sedan made by Luxury Motors, that was bought for , is worth four years later. Its value depreciates over time using the flat rate method. a. Determine the recurrence relation that models this scenario, where represents the value of the sedan after years. b. Plot the value of the sedan on a graph, from the time of purchase up to . c. After how many years will the value drop below ? Rajesh has bought a watch for Rs. 1200 and he sold at Rs. 150 What would be the profit or loss? Find in percentage. Solution Rajesh has bought a watch for Rs. 1200 and he sold at Rs. 150 What would be the profit or loss? Find in percentage. Solution
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