Provide an appropriate response.Does a person who receives a 2
% pay raise in a year in which inflation runs 6% experience a net gain or loss in purchasing power (ignoring taxes)? Explain.
What will be an ideal response?
This person has a net loss of 3% in purchasing power since the inflation rate is greater than the salary increase received.
You might also like to view...
Solve the system. If the system has infinitely many solutions, write the solution set with x arbitrary.7x - 6y = 1-14x + 12y =1
A.
B.
C. ?
D.
Find the length of the curve.The spiral r = 5?2, 0 ? ? ? 2
A.
B. 80?5
C. ((?2 + 1)3/2 - 1)
D. 720
Solve the problem.Stevie bought a stereo for $265 and put it on sale at his store at a 50% (or 0.5) markup rate. What was the retail price of the stereo?
A. $365.00 B. $397.50 C. $297.50 D. $530.00
Let triangle ABC have standard labeling. Given the following angles and sides, decide if solving the triangle results in the ambiguous case.a, ?, and ?
A. Yes B. No