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Homework answers / question archive / 1) If John's nominal salary increases 3 percent during a year when inflation is 3

1) If John's nominal salary increases 3 percent during a year when inflation is 3

Economics

1)

If John's nominal salary increases 3 percent during a year when inflation is 3.5 %, what has happened to her real income ?

a)It has increased by .5%

b)It has decreased by 3.5%

c)It has decreased by .5%

d)It has increased by 3 %

2) UTION per cute smrtni coureres catalows to where is abundant QUESTION ! who want of growth does the per capita at production function leave QUESTION cargo e poucose effect of patience of 10% of a country slabor force? pedigte income would all but per capita income would remain the same para come wouluter capita income would wees would

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2)

I am answering Question 41 , since other questions are incomplete and blurry.

Answer-

Production function can be written as

Y = F(K,L,H,A)

where Y = Real GDP

K= Physical capital of stock

H= Human Capital

L= Labour

A= Technology

F means some function of

So we can clearly see that we miss the option first which is Institutional Quality - This is the answer