Arlo is offered a job in des moines, where the cpi is 60, and a job in new york, where the cpi is 125. arlo's job offer in des moines is for $48,000. how much does the new york job have to pay in order for the two salaries to represent the same purchasing power?

The correct answer is  $100,000.

Explanation:

CPI or Consumer Price Index uses a basket of goods approach that aims to compare a consistent base of products from year to year focusing on products that are bought and used by consumers daily.

In the example, we can solve the question by using the simple "rule of 3" considering that the purchasing power is directly proportional to the income received and the CPI of the place where we are located. We will have:

(48 000)/60=  x/125

125(48000) = 60(x)

x = 100000

So, a job in New York should offer $100,000 for the two salaries to represent the same buying power.

which statement best describes why a government’s actions are important in macroeconomics? check all that apply.

1 government controls industry through policy.

2 government is both a consumer and a producer.

3 government can prevent changes and challenges.

4 government can use policy to influence the economy.

5 government can accurately predict economic trends.

1 , 2 & 4 for edgenu

according to this graph, how does supply behave in the long run?

a ]output remains constant.

b ]output increases.

c ]output cannot be predicted.

d ]output decreases.

the answer is a ]   for edgenu

answer; the merit selection, also known as the missouri plan;