unemployment and inflation

Question 01:

Jim the financial advisor is in partnership with his friend George. They own a

Don't use plagiarized sources. Get Your Custom Essay on
unemployment and inflation
Just from $13/Page
Order Essay

small private practice. In 2019 their business made $360,000 in revenue from clients. Both partners have a secretary that was paid a salary of $55,000 including super. Rent and other business expenses for the shop premises were $60,000. Jim is also a qualified economist and could have earned $80,000 over the year working for the state government. Assume Jim and George split profit evenly.

Required:

i. What is Jim’s accounting profit for 2019?

ii. What is Jim’s economic profit for 2019?

Question 02:

Explain the relationship between economic growth, unemployment and inflation. When economic gorwth is strong what will usually happen to inflation and unemployment? Why? When economic growth is weak or negative, what typically happens to the unemployment and inflation rates? Why?

Calculate your order
Pages (275 words)
Standard price: $0.00
Client Reviews
4.9
Sitejabber
4.6
Trustpilot
4.8
Our Guarantees
100% Confidentiality
Information about customers is confidential and never disclosed to third parties.
Original Writing
We complete all papers from scratch. You can get a plagiarism report.
Timely Delivery
No missed deadlines – 97% of assignments are completed in time.
Money Back
If you're confident that a writer didn't follow your order details, ask for a refund.

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price:
$0.00
Power up Your Academic Success with the
Team of Professionals. We’ve Got Your Back.
Power up Your Study Success with Experts We’ve Got Your Back.
error: Content is protected !!
Live Chat+1(978) 822-0999EmailWhatsApp

Order your essay today and save 20% with the discount code GOODESSAY