How much would one guinea of 1877 be worth today?
The British gold One Guinea coin was last minted in 1813. It was effectively replaced by the gold Sovereign coin in 1817. The Guinea had a face value of 21 Shillings or, One Pound and One Shilling (in predecimal currency).
Although the coin no longer exists, the value remains in use, and is often used to value antiques and racehorses amongst other things, but is not used in day to day commerce.
One Guinea GBP in 1877 had the purchasing power of about £65.86 GBP today.
One Guinea GBP in 1877 had the purchasing power of about €74.62 EUR today.
NOTE - This historical conversion is the result of many calculations and considerations by a purpose designed program for which I can take no credit. The resulting answer should only be regarded as an approximation.
What is the Impact of new industrial policy 1991 on Indian economy?
+ve impact is that the India has continuously maintained average high growth rate than was in 1991 of GDP 0.9%
secondly it has -ve impact of inflation that is consumer price index has been increased continuosly
What is the value of an 1899 half dollar?
Assuming the coin is circulated and has no mintmark, the 1899 Barber half is a common date coin. For an accurate assessment of value the coin needs to be seen and graded. Most coins show heavy wear. In general retail values for low grade coins are $13.00-$37.00, better grade are $100.00-$180.00 and coins showing almost no wear run from $310.00-$450.00. Values are a market average and only for coins in collectible condition, coins that are bent, corroded, scratched, used as jewelery or have been cleaned have far less value if any to a collector or dealer
Discuss the advantages and disadvantages of deflation?
As deflation is a decrease in the price level, there is also a proportional increase in the purchasing power of a dollar. Those who have saved money will be able to buy more than previously, and banks will earn more (real) interest on loans made. Those who borrow money, however, will be be paying a higher (real) rate of interest (even with a fixed rate loan).
What is the effect of inflation on industry and its workers?
workers went on strike for higher wages,-novanet
How much was 10000 dollars in 1957?
Approximately $70,000 (2009 U.S. Dollar Currency) Approximately $70,000 (2009 U.S. Dollar Currency)
What is the cause of a demand pull inflation?
Consumers want more and more goods and services.
Stronger consumer demand for goods with a limited or fixed supply.
A price level increase due to an increase in aggregate demand.
How much was a six pack of Budweiser in 1980?
98 cents where i used to live which was in a little town in Texas
2009: approx. 11 500 US $ per capita (purchasing power parity)
Is it harmful to you inflate your belly?
it can be, but if your careful, you'll be fine. if this is your first time inflating, you'll probably not get very big, but then fart the air out and do it again later your skin will get some elasticity and if you work up to it you can get really big!
Why does Germany experience inflation after World War 1?
In the early 1920s Germany experienced one of the most severe inflations of all time.1 The inflation was not apparent in 1920, but began showing up in 1921. Thereafter it got steadily worse until it came to an abrupt halt at the end of 1923. At its worst in the second half of 1923, prices rose more than fivefold each week. Some idea of the magnitude of this catastrophe can be seen in table below. During 1920 and early in 1921 the signs of inflation were mixed. The price of food was increasing, but the price of dollars in terms of marks (the mark was the name of the German currency) was dropping, and so were the prices of products bought from the United States. However, the signs of inflation were unmistakable in the next year, from mid 1921 to mid 1922. In this period prices increased about sixfold--that is, it took six marks at the end of the period to buy what one mark would have bought at the beginning. But this rapid inflation, greater than any yearly inflation in the history of the United States, was only a prelude for what was to happen.
What was the inflation rate for the US in 2006?
the Federal site for these statistics is:
http://www.bls.gov/cpi/
You can customize reports by year and region, and see inflation rates.
From that, for the calendar year, the rate reported (unadjusted) is calc via
201.6/195.3 *100 = 3.23%
ref: ftp://ftp.bls.gov/pub/special.requests/cpi/cpiai.txt the Federal site for these statistics is:
http://www.bls.gov/cpi/
You can customize reports by year and region, and see inflation rates.
From that, for the calendar year, the rate reported (unadjusted) is calc via
201.6/195.3 *100 = 3.23%
ref: ftp://ftp.bls.gov/pub/special.requests/cpi/cpiai.txt
What are the factors that influence economic growth?
1] Natural Resources
2] Labor
3] Capital
4] Technological Advances
5] Free Trade as technology
6] Property Rights Structure
7] Economic Freedom
(Source: Economics - Econ 210 & 211: Roger A. Arnold)
There may be difficulties with the lungs taking on air. The tubing might also not be set up right, allowing air to get into the stomach instead.
What do you call in economic terms buying and selling of goods?
Demand and Supply.
Demand= buying goods and services.
Supply=selling goods and services.
The average price per troy ounce of gold in 1968 was $39.31
What is the relationship between money and inflation?
There is nearly a perfect, 1:1 relationship between inflation and the money supply. Generally, printing more money is the source of inflation.
we get two types of inflation
demand-pull inflation, this inflation is happened from demand increase, the demand increase, the price gonna increase too. the cpi ( inflation ) index also increase.
another type is cost-push inflation, this type is from cost increase. the wage rate and the price of raw materials increase, the cost of goods and service going up, and the price of goods and services also going up. that's the reason why inflation happened.
hope this can help you
When financial managers adjust for cost inflation in programing and budgeting they usually?
Revise their POM submission based on the Resource Management Decision (RMD) released by the Deputy Secretary of Defense
What are governments monetary policy options for ending severe demand pull inflation?
demand pull inflation is caused by increase in the income of of individuals, ie if aggregate demand exceeds aggregate supply, whichl leads to an increase in thear purchasing power. therefore, t he government can use the taxation pollicy to combat the demand pull inflation by using the budget for surplus where she will receive more from the individuals in the form taxes, this will reduce the amount of money from individualsw whichthey would have spent and this will help to reduce their purchasing power, as this consequently reduce or cure demand pull in inflation
Federal Reserve
In countries that do not have a sustainable economic policy. Zimbabwe for instance.
What are the different kinds of inflation?
On the basis of rate of Inflation, there are different types of Inflation. They are:
On the basis of rate of Inflation, there are different types of Inflation. They are:
What happens when there is a inflation?
Unemployment and recession are the most important problems.
Everything becomes much more expensive.
During World War 2 the Germans experienced inflation which just became higher inflation Even from one day to the next there could be a big rise in the cost of a loaf of bread. There were tales of people carrying money in suitcases just to buy necessities.