The New York Times cost $0.15 in 1970 and $2.00 in 2009. The average wage in manufacturing
Question:
a. By what percentage did the price of a newspaper rise?
b. By what percentage did the wage rise?
c. In each year, how many minutes does a worker have to work to earn enough to buy a newspaper?
d. Did workers’ purchasing power in terms of newspapers rise or fall?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 71% (7 reviews)
a 200 015015 100 1233 b 2042 3233...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
The New York Times reported (Feb. 17, 1996) that subway ridership declined after a fare increase: There were nearly four million fewer riders in December 1995, the first full month after the price of...
-
In June 2009, the New York Times published an article entitled "Alcohol's Good for You? Some Scientists Doubt It." The author wrote, "Study after study suggests at alcohol in moderation may promote...
-
The top ten fiction books on The New York Times Best Sellers List on October 9, 2016, are listed. 1. The Girl on the Train 2. Home 3. The Kept Woman 4. Magic Binds 5. Commonwealth 6. The Light...
-
The difference between case law and common is which of the following? O Common law creates law and case law interprets existing law. There is no difference. Case law is criminal law and common law is...
-
Give a formula for the relations of the prior exercise, with these initial conditions. (a) f(0) = 1, f(1) = 1 (b) f(0) = 0, f(1) = 1 (c) f(0) = 1, f(1) = 1, f(2) = 3.
-
At year-end 2015, total assets for Ambrose Inc. were $1 2 million and accounts payable were $375,000. Sales, which in 2015 were $2 5 million, are expected to increase by 25% in 2016. Total assets and...
-
Use R to create a randomization scheme to randomize 222 subjects to three treatments such that there are an equal number of subjects assigned to each treatment. You may use the functions developed in...
-
Assume that all assumptions of the single-index model hold, except that the covariance between residuals is a constant K instead of zero. Derive the covariance between the two securities and the...
-
What strategies can knowledge managers employ to effectively bridge the gap between explicit and tacit knowledge domains, thereby facilitating seamless knowledge transfer across disparate...
-
A company makes two products - product A and product B which are sold at a profit per unit of $60 and $100, respectively. The three resources used to make these products are summarized in the table...
-
Which of the problems in the construction of the CPI might be illustrated by each of the following situations? Explain. a. The invention of the iPod b. The introduction of air bags in cars c....
-
The chapter explains that Social Security benefits are increased each year in proportion to the increase in the CPI, even though most economists believe that the CPI overstates actual inflation. a....
-
Why do you think surveys show that Generation X employees (those born between 1961 and 1981) experience the least job satisfaction of all demographic groups? Do you expect this finding to be true...
-
John dies on 3 March 2018 . Between 6 April 2017 and 3 March 2018, he has capital gains of 1,200 and capital losses of 15,400. His net gains in recent tax years (and the annual exemption for each...
-
William made the following acquisitions of preference shares in Pangol plc: Date 17 February 2007 13 November 2011 9 October 2015 No of shares 600 200 100 Cost 900 400 300 In January 2017, the...
-
An employer's contributions into a registered pension scheme during the year to 30 June 2017 are 600,000. Explain how tax r elief will be given on the contributions of 1,860,000 which the employer...
-
Jon bough t a chargeable asset for 23,000 in May 1979. He incurred enhancement expenditure of 10,000 in June 1981 an d a further 14,000 in July 1998 . The asset was valued at 58,500 on 31 March 1982...
-
In September 2017 Kevin sells a drawing for 2,000. He bought the drawing in February 2011 for 50,000 when it was thought (incorrectly) to be by a famous artist. Compute the allowable loss.
-
{y | y is an even integer} Give the cardinality of each set in Problems 1120.
-
Assessing simultaneous changes in CVP relationships Braun Corporation sells hammocks; variable costs are $75 each, and the hammocks are sold for $125 each. Braun incurs $240,000 of fixed operating...
-
Ivy begins trading as a farmer on 1 January 201 5, making up annual accounts to 31 December. Her adjusted trading profits/(losses) in the opening years are as follows: (a) (b) year to 31 December...
-
China is a major producer of grains, such as wheat, corn, and rice. In 2008 the Chinese government, concerned that grain exports were driving up food prices for domestic consumers, imposed a tax on...
-
Consider a country that imports a good from abroad. For each of following statements, say whether it is true or false. Explain your answer. a. The greater the elasticity of demand, the greater the...
-
Kawmin is a small country that produces and consumes jelly beans. The world price of jelly beans is $1 per bag, and Kawmins domestic demand and supply for jelly beans are governed by the following...
-
Use factoring by grouping to solve the following equation. 3-522-16r+80=0 Enter the solutions, separated by commas if necessary. Do not use a plus-minus () sign when entering separate answers....
-
What are some intervention policies that make provisions for destitute college or university students in Ethiopia? Please provide Examples
-
Develop a simple application of two- variable linear programming problem to find an optimal product mix in a 'realistic' context. Specify the resources to be considered requirements, and the market...
Study smarter with the SolutionInn App