Maren F. works at a restaurant. She earned a salary of $50,000 in 2005 and $70,000 in 2022. The consumer price index was 177 in 2005 and 265.5 in 2022. Maren F's 2005 salary in 2022 dollars is O $44,250.00 $25,000.00 O $75,000.00 O $33,333.33
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- If you an? out of school but working part time, are you considered employed or unemployed in U.S. labor statistics? If you are a full time student and working 12 hours a week at the college cafeteria are you considered employed or not in the labor force? If you are a senior citizen who is collecting social security and a pension and working as a greater at Wal-Mart are you considered employed or not in the labor force?Trish earned a salary of $60,000 in 2002 and $80,000 in 2006. The consumer price index was 177 in 2002 and 221.25 in 2006. Trish's 2002 salary in 2006 dollars is $75,000; thus, Trish's purchasing power increased between 2002 and 2006. O $75,000; thus, Trish's purchasing power decreased between 2002 and 2006. $85,000; thus, Trish's purchasing power increased between 2002 and 2006. $85,000; thus, Trish's purchasing power decreased between 2002 and 2006.16 The weekly salary of sales staff of a department store are shown below. "f" is the frequency or the number of staff members earning the stated salary (x). Salary Frequency x f $590 7 680 6 940 29 980 10 1540 2 1880 1 The mean weekly salary is _______. a $868 b $913 c $961 d $1,012
- John works for a government agency in California making $70,000 per year. He is being transferred to a branch office in Tennessee. The salary reduction associated with transfer is 11%. The Cost of Living Index (similar to consumer price index or equipment price index) in California is 132 whereas the Cost of Living Index in Tennessee is 95. a. How much extra income does John made as a result of the reduced Cost of Living? b. What is the adjusted salary of John based on the Cost of Living?1. Calculate Real wage and comment who has the higher real wage salary Salary Year Mariam Jude 7500 8000 CPI 95 107 1998 2008 Real wage salaryReal Income Joshua Vermier of Sacramento, California, received a raise after his first year on the job to $44,200 from his initial salary of $40,000. What was Joshua's raise stated as a percentage? Inflation averaged 2.4 percent for the year. Round your answer to one decimal place. What was his real income after the raise? Round your answer to nearest cent. What was his real raise stated as a percentage? Round your answer to one decimal place. %
- Wage Rate ($) 44 40 36 32 222 28 24 20 16 12 8 4 The Market for Labor 0123 4 5 6 7 Quantity of Labor 8 MRP 9 MRC 'S 10 11Which of the following describes the interest rate on an investment after calculating the impact of inflation?O NominalO RealO FinancialO Profit1 Describe the decrease in employment from 2020-2022.
- Ellena's pension was $10 per period in 2033. What amount of money in the base year would give her the same purchasing power? Do not enter the S, and round to whole cents. If your answer is $2.224, enter 2.22. If your answer is $2.225, enter 2.23. 10 Year 2031 2032 2033 2034 2035 2036 CPI 90 95 100 104 110 112Maria's current employment pays her $10 per hour, her disutility of effort is $3 per hour and the unemployment benefit, accessible if unemployed, is $3 per hour. a) Calculate Maria's total employment rent if she loses her job and remains unemployed for 1540 hours and then after that she regains her employment at the same pay rate. Show her total employment rent with the aid of a diagram. b) Calculate how Maria's employment rent will change if unemployment benefits fall by $1 per hour and she also incurs a psychological cost associated with losing her job of $1 per hour. Explain how this change may impact the effort she applies to her current job. c) Name three conditions necessary for the principal-agent problem to occur.JosephmigratedtoCanadafromGhana5yearsago.Hecurrently works in sales but is considering quitting work for two years to earn an MBA degree. His current job pays $40,000 per year (after taxes), but he could earn $55,000 per year (after taxes) if he had an MBA. Tuition is $10,000 per year, and the cost of an apartment near campus is equal to the $10,000 he is currently paying. His discount rate is 6 percent per year. He just turned 48 and plans to retire when he turns 60, whether or not he earns his MBA degree. Based on this information, should he go for an MBA degree? Explain carefully with appropriate calculations.