3E Economics par. 7.6 a

• Economie
• Middelbare school
• vwo
• Leerjaar 3

Par. 7.3 assignment 13b

1. 8.636,36 x 2.200.000
2. 8.636,36 x 6.510.000
3. 8.636,36 x 10.850.000

Par. 7.3 assignment 13c

1. 19 billion / 2.200.000
2. 19 billion / 6.510.000
3. 19 billion / 10.850.000

Par. 7.3 assignment 13d
The total amount of state pension needed in 2040 = ...(1) x 8.636,36. This amount needs to be paid by the premiums of ...(2) people

1. 1> 3.400.000 2> 6.930.000
2. 1> 3.400.000 2> 11.550.000
3. 1> 6.930.000 2> 3.400.000
4. 1> 6.930.000 2> 11.550.000

Par. 7.3 assignment 13

8.636,36 x 3.400.000 = 29,36 billion

29,36 billion / 6.930.000 = 4.237,18

Even though the AOW payment remained unchanged at 8.636,36, the premium increased from 2.918,59 to 4.237,18 because of the aging population

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%

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

Indexnumbers

Indexnumber base year = 100

                              Value year

Indexnumber year = --------------- x 100

                                Value base year

Indexnumbers

Indexnumber salary = 3600 / 2000 x 100 = 180

Indexnumber price bread = 1,28 / 0,80 x 100 = 160

Indexnumber price milk = 1,92 / 1,20 x 100 = 160

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

                             Nominal income index

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

                                   Price index

RIC = NIC / PIC x 100

Hw.

 Next lesson: Par. 7.6 assignments 2, 3, 8

Assignments from the paragraphs: 

Par. 1.4 : assignments 1, 2, 3, 4, 7, 9, 10, 11, 13

Par. 7.1 : assignments 1, 2, 3, 7, 9, 12, 13, 14, 15, 16, 17

Par. 7.3: assignments 1, 2, 3, 4, 5, 6, 7, 9, 14, 15, 16

Par. 7.6: assignments 1, 4, 6, 7

Par. 7.6 assignment 2
price index milk 2019

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

Par. 7.6 assignment 2
price bottle of cola 2018

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

Par. 7.6 assignment 3

1. 4,5 - 12
2. 12 - 4,5
3. 104,5 / 112 x 100
4. 112 / 104,5 x 100

Par. 7.6 assignment 8

2016           105 / 102 x 100 = 102,94

2017          112 / 105 x 100 = 106,67

2018           123 / 116 x 100 = 106,03

2019           122 x 112 / 100 = 136,64

Hw.

Assignments from the paragraphs: 

Par. 1.4 : assignments 1, 2, 3, 4, 7, 9, 10, 11, 13

Par. 7.1 : assignments 1, 2, 3, 7, 9, 12, 13, 14, 15, 16, 17

Par. 7.3: assignments 1, 2, 3, 4, 5, 6, 7, 9, 14, 15, 16

Par. 7.6: assignments 1, 4, 6, 7

Pages 236 - 239: Learning objectives, Practising for the test, Terminology, Summary Chapter 7: Only paragraphs 7.1, 7.3 and 7.6