answersLogoWhite

0

🍎

Inflation

A persistent increase in the level of consumer prices or a persistent decline in the purchasing power of money, caused by an increase in available currency and credit beyond the proportion of available goods and services.

1,474 Questions

How much would three thousand dollars in 1870 be worth today?

The average I got was "$1,233,616"

In 2009, $3,000.00 from 1870 is worth:

$50,900.00using the Consumer Price Index

$47,800.00using the GDP deflator

$362,000.00using the unskilled wage

$694,000.00using the Production Worker Compensation

$717,000.00using the nominal GDP per capita

$5,530,000.00using the relative share of GDP

How are departmental rates calculated?

Departmental rates are calculated by dividing the weighted wage rate for the department by the number of employees.

What has been adjusted to remove inflation is called nominal GDP?

A gross domestic product (GDP) value that is at face value and has not been adjusted in any way, for inflation or any other reason, is known as a "nominal GDP." It is sometimes also called a "current dollar GDP."

An amount of money to be received in the future is worth less today than the stated amount?

Since we can reasonably expect that the process of inflation will continue, it follows that dollars in some future year will be worth less than the same number of dollars are worth today.

What is the impact based on Inventory turnover?

Inventory turnover is the standard at which product inventory is acquired or made and further sold within a year. An assessment of all inventory-related business factors will have an impact on inventory turnover.

Will the US emerge stronger than before?

While it is hard to predict the future, periods of recession have historically been followed by rapid recovery. This question is murky though, because one person's definition of "stronger" may be different from another's. For instance, one person might consider America "stronger" if it had universal health care, whereas another would see that as a massive weakness.

Will expansion of world trade in the future be similar to that in past?

of course no ,the expansion in the past is merely the expansion of capital or markets, but today it's more than the expansion of culture and value system.

Is the Federal Reserve responsible for determining the inflation rate and the unemployment rate?

The Federal Reserve does not set the inflation or unemployment rates. These rates are naturally fluctuating based on market activities. Typically, as inflation rises, unemployment decreases and vice versa (except in the case of stagflation in 1970's). The Federal Reserve DOES, however, adjust interest rates and various other rates to control the money supply in order to combat unemployment and inflation. See the "Money Supply Theory."

Why is scarcity not caused by the shortage of money?

Food prices are rising not because of a food shortage or supply at all for that manner, but because of the devaluation of our dollar. Since the Federal Reserve was established in December of 1913, the dollar has devalued by more than 95%.

To answer your question: Not because of a shortage of money.

Our Central Bank has a printing press that has the ability to create mass amounts of U.S. dollars out of thin air. When this happens (Quantitative Easing). Dollars that are being printed are backed by nothing of real value (gold, silver, platinum, palladium), which in turn causes hyperinflation. This is why the price of gold and silver have skyrocketed -- not because of a shortage of metals, but because of the devaluation of the dollar.

This is why in 2008 you could buy an ounce of gold with 800 dollars worth of paper. Now (2011), because the dollar has rapidly been devalued, you would have to fork up 1400 dollars for a single oz. Don't expect it to change. By the end of 2012 the price for an ounce of gold will be unthinkable.

The same goes for crude oil prices: the supply and production of oil hasn't suddenly slowed down, if you think that's why gas prices are going up. But it's because worldwide, the dollar doesn't hold the value that it once had. And it will continue. Don't be surprised when gas prices are between 4 and 5 dollars a gallon.

Why do you pay for beaches?

You don't.

When you go to the beach in the morning and you realize how clean it is... That's why tens of thousands maybe even millions of workers are cleaning the beach that we accepted and litter on, for get our stuff on, and (in some beaches) get changed on. People don't even realize but when the beach is closed they get rid of old sand to put new sand in! You pay for cleaner beaches and you and your family to have a good time.

Hinamori Amu wearing bikini was body inflate?

Yes. In Star Pool and Amu's house, She wearing bikini was gas balloon at Amu's mouth was body inflate, she can't fly.

When Amu deflate like a balloon by Mashiro Rima's standard pin, Mashiro Rima was smiling.

Policies used to combat inflation in south Africa?

Inflation is a rise in the level of prices measured against some baseline of purchasing power (a CPI or consumer price index). Inflation happens because of the interaction between the supply of money, production and interest rates.

Some believe that fiscal policy effects (monetary adjustments) dominate all others in setting the rate of inflation. Others believe a combination of the interaction of money, interest and output dominate over other effects.

Regarding unemployment you need to understand that unemployment occurs naturally in the labor market. There will always be a percentage of people that are unemployed, in between jobs (voluntarily or not), taking a break, milking the system, etc.

Central Banks or other government institutions can and do affect inflation to a significant extent mainly through the setting of interest rates, this is known as using monetary policy. By rising interest rates and allow for a slow growth of the money supply a Central Banks can fight inflation in the short to medium term, thus using unemployment and the decline of production to prevent price increases.

Is fifo the inventory costing method that follows the physical flow of the goods?

no, FIFO, LIFO, and weighted-average method are cost flow assumptions these assumptions bear no relation to the physical flow of goods; they are merely used to assign costs to inventory units.