3E Economics par. 7.6

• Economie
• Middelbare school
• vwo
• Leerjaar 3

Par. 9.2 assignment 1
Group 1

1. less skewed, because 6,3 < 7
2. more skewed, because 6,3 < 7

Par. 9.3 assignment 3
In 2017 people will spend ... than in 2016

1. less
2. more

Par. 9.4 assignment 6
If the government of a country has a financiel deficit it needs to ... (1) money. It leads to a financiel burden for the ...(2) generation

1. 1> save 2> current
2. 1> save 2> next
3. 1> borrow 2> current
4. 1> borrow 2> next

Par. 9.5 assignment 4
If the ECB helps out Portugal, the disadvantage for The Netherlands will be ...

1. unemployment
2. inflation

Assignment

Salary € 2.000,-                        € 3.600,-

Bread € 0,80                                  € 1,28    

Milk € 1,20                                      € 1,92   

Did your economic situation improve?

Use calculations to state your answer

Assignment

Salary € 2.000,-                        € 3.600,- ( + 80% )

Bread € 0,80                                  € 1,28 ( + 60% )   

Milk € 1,20                                      € 1,92 ( + 60% )

Yes, the income increased more in percentages than the prices

Assignment

Salaris € 2.000,-                        € 3.600,-

Brood € 0,80                                  € 1,28    

Melk € 1,20                                      € 1,92   

2000 / 2 = 1.000

3600 / 3,20 = 1.125

Value of money

Nominal value <---------------------> Real value

                                                                                       Purchasing power         

salary + 80%                                      1125 meals instead of 1000 meals

                                           + 12,5%

Which statement is incorrect?

1. If salary increase more than prices, purchase power will increase
2. If salary decreases and prices increase, purchase power will decrease
3. If prices decrease more than the salary, purchase power will increase
4. If salary increases and prices decrease, purchase power will decrease

Salary + 80%, Prices + 60% ----> Purchasing power + 12,5% ?

Salary + 80%, Prices + 60% ----> Purchasing power + 12,5% ?

Indexnumbers:

Salary 180, Prices 160

Indexnumber purchasing power = 180 / 160 x 100 = 112,5

So an increase of 12,5%

                             Nominal income index

Real income index = --------------------------  x 100

                                   Price index

Hw.

Par. 7.6 assignments 2 and 3

Par. 7.6 assignment 2
index milk 2018?

1. 0,70 / 0,65
2. 0,70 / 0,65 x 100
3. 0,70 / 0,66
4. 0,70 / 0,66 x 100

Par. 7.6 assignment 2
price cola 2018?
What is not a good answer?

1. 1,039 x 1,10
2. 103,9 / 100 x 1,10
3. 103,9 x 1,10

Par. 7.6 assignment 3

1. 7,2%
2. 7,5%

RIC = NIC / PIC x 100