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Economics Related Question
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| Ozoned12 |
If inflation is 15% per a year and you receive a 11% raise in income, then your:
A) Real and nominal income both fall
B) Real and nominal income both rise
C) Real income falls, but nominal income rises
D) Real income rises, but nominal income falls |
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| Ivand |
i think
you nominal income rises but real falls, becuase if you adjust your raise it wouldnt keep up with the inflation |
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| Ozoned12 |
| quote: | Originally posted by Ivand
i think
you nominal income rises but real falls, becuase if you adjust your raise it wouldnt keep up with the inflation |
That is what I was thinking but knowing my econ teacher it is probably a trick question. At first I thought it was B because "technically" they do both rise but that would have nothing to do with economics lol. |
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| jdat |
C) Real income falls, but nominal income rises
real income = income after inflation adjustement. Calculated by substracting inflation from nominal income.
nominal income = base income, what you get in pocket. |
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| Ozoned12 |
| quote: | Originally posted by jdat
C) Real income falls, but nominal income rises |
Thanks guys :) |
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| Ivand |
| quote: | Originally posted by jdat
C) Real income falls, but nominal income rises
real income = income after inflation adjustement. Calculated by substracting inflation from nominal income.
nominal income = base income, what you get in pocket. |
what i said :p |
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| Ozoned12 |
I have a few more if you guys are bored. That I couldn't find in my book.
Between 2004 and 2005 the Federal Reserve raised interest rates 12 consecutive times. This is an example of:
A) discretionary fiscal policy
B) nondiscretionary fiscal policy
C) expansionary monetary policy
D) contractionary monetary policy
If $20 billion was spent on a program last year and $21 billion would be required to maintain servics at the same level, then a budgeted figure of $20.5 billion would represent:
A) an increase using curretn services budgeting and cut using baseline budgeting.
B) an increase using either current services or baseline budgeting
C) a cut using either current services or baseline budgeting
D) an increase using baseline budgeting and a cut using current services budgeting |
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| d-miurge |
C/ France is in this case this year.
ing politicians who don't have an idea of how works an economy.:whip: |
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| jdat |
Sorry to be hating on you
But seriously .... is this a n00bs econ class?
This stuff is ridiculously easy and if you can't figure out yourself you're going to fail. |
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| Ozoned12 |
| quote: | Originally posted by jdat
Sorry to be hating on you
But seriously .... is this a n00bs econ class?
This stuff is ridiculously easy and if you can't figure out yourself you're going to fail. |
I have a B lol our teacher is from pakistan or some place I can't understand what he is saying + I am stupid. It's econ 101 lol |
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| ZeJayMan |
| quote: | Originally posted by jdat
Sorry to be hating on you
But seriously .... is this a n00bs econ class?
This stuff is ridiculously easy and if you can't figure out yourself you're going to fail. |
I don't do economy and i sucked pretty hard at maths but all of this seems like common sense. |
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| Ozoned12 |
| quote: | Originally posted by ZeJayMan
I don't do economy and i sucked pretty hard at maths but all of this seems like common sense. |
thanks |
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