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?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?In 1972 the maximum earnings of a worker subject to Social Security tax (SST) was $9,000. The maximum earnings subject to SST in 2016 is $118,500. Whatcompound annual increase has been experienced over this 44-year period of time? How does it compare with a 3% annual increase in the consumer price index over the same period of time?
- David earned a salary of $43,500$43,500 in 1994 and $89,000$89,000 in 2010. The consumer price index was 148.2 in 1994 and 215.3 in 2010. David's 1994 salary in 2010 dollars is _.Ruben earned a $60,000 salary in 2001 and then $80,000 salary in 2006. The consumer price index was 177 in 2001 and 221.25 Rubens 2006 salary in 2001 dollars isWhich of the following describes the interest rate on an investment after calculating the impact of inflation?O NominalO RealO FinancialO Profit
- 1 Describe the decrease in employment from 2020-2022.5 On March 7, 2018, you could read in The New York Times that the Governor of West Virginia offered the state's teachers "a 1 percent a year raise for the next five years." The article noted that "if inflation averages 2 percent a year for that period, this translates into an effective 5 percent pay cut." [R170] Is the “5 percent pay cut” claim correctONLY TYPED ANSWER Suppose there are two goods, pizza and beverage. Suppose alp=5289, atp=911, alb=2508, atb=2172, Pp=11400, and Pb=12500. What is the equilibrium wage?
- Economic General Electric paid its workers $5 a day in 1914. If the consumer price index was 10 in 1914 and 230 in 2021, how much is the GE paycheck worth in 2021 dollars?Suppose Jose earned a 4.8% bonus at work at the start of 2019, but inflation was 2.4% over 2019. Calculate the change in Jose’s real wage. Is Jose better or worse off by the end of 2019?In 2021, the Woodland Republic Bureau of Statistics publication indicated thatthe Consumer Price Index (CPI) of the country increased to 109.2 in 2021 from 106.5 in 2020. Calculate Woodland Republic’s inflation rate in 2021.
