Answers38012de2 CONNECTED Summer T1 2026 Financial Math - S2World Economics

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Which of the following functions is most closely connected with the CPSC?

A
ensuring product safety and setting safety standards
B
seeking to curb and prevent disease
C
working to reduce fraudulent business practices
D
keeping records of corporate histories and market performance
42
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What is inflation?a.unemployment and the subsequent loss of productionb.a slow, steady raise in average wagesc.an increase in taxesd.a devaluing of money, resulting in a loss of purchasing power

A
Option
B
Option
C
Option
D
Option
43

The following chart shows a store?s records of coat sales over two years. If the trend shown in these graphs stays constant, what percent of the market will parkas occupy in 2008? (Round your answer to the nearest tenth.)

Question illustration
A
16.5%
B
19.0%
C
21.9%
D
35.7%
44

Which of the following are reasons why governments might use tariffs?I. Tariffs raise government revenue.II. Tariffs can protect domestic trade by making foreign trade more expensive.III. Tariffs reduce the amount of money flowing in to a country, which reduces inflation.

A
I and II
B
II only
C
II and III
D
III only
45

A bicycle helmet cost $41.40 in 1983. What will a bicycle helmet cost when the CPI is 186? Round to the nearest cent.

A
$222.58
B
$144.60
C
$77.00
D
$72.30
46

Say that the economy is in a recession, causing vehicle prices to drop by eight percent. If your car was previously worth $25,295, what is it worth now, to the nearest dollar?

A
$23,851
B
$23,421
C
$23,271
D
$22,133
47

The following chart shows the number of coats sold for two years. Determine if there was a percent increase or decrease in the number of trench coats sold, and by how much. (Round your answer to the nearest tenth.)

Question illustration
A
The percentage of trench coats sold decreased by 0.8%.
B
The percentage of trench coats sold increased by 0.8%.
C
The percentage of trench coats sold decreased by 23.3%.
D
The percentage of trench coats sold increased by 23.3%.
48

A clearance rack is marked as 60% off the regular price to be taken at the register. If a jacket on the clearance rack is marked $239.99, what will it ring up for at the register?

A
$14.40
B
$60.00
C
$96.00
D
$143.99
49

Suppose that the countries of Finland, Hungary, Poland, and Belgium are economically interdependent. The following table shows exports and imports between these countries, with all monetary values given in millions of euros.Country of OriginExporting to...Amount (€ 1,000,000)FinlandHungary2,298FinlandPoland2,499FinlandBelgium3,913HungaryFinland2,614HungaryPoland3,970HungaryBelgium2,380PolandFinland3,496PolandHungary4,973PolandBelgium2,971BelgiumFinland3,023BelgiumHungary3,828BelgiumPoland4,656If these four countries trade only with each other, what is the difference between the highest balance of trade and the lowest balance of trade within this group?

Question illustration
A
€4,378,000,000
B
€2,797,000,000
C
€1,928,000,000
D
€738,000,000
50

In 1983, a microwave oven cost $78.75. Today, a microwave oven costs $92.66. If the CPI is 177, what is the relation of the actual price of a microwave oven to the expected price, to the nearest cent?a.The actual price is $46.73 lower than the expected price.b.The actual price is $5.59 lower than the expected price.c.The actual price is $13.91 higher than the expected price.d.The actual price is $71.35 higher than the expected price.

A
Option
B
Option
C
Option
D
Option
51

The following chart shows a store?s records of coat sales over two years. If the trend shown in these graphs stays constant, what percent of the market will parkas occupy in 2008? (Round your answer to the nearest tenth.)

Question illustration
A
16.5%
B
19.0%
C
21.9%
D
35.7%
52

Say that Spain has a working population of 20,081,537 people, and that the average yearly salary is €36,238. How much tax revenue would the Spanish government generate every year with a 41.15% income tax rate, to the nearest euro?

A
€1,027,169,352,413
B
€428,260,123,198
C
€299,454,614,607
D
€298,515,162,576
53

Jared wants to purchase his favorite barbeque sauce. The barbeque sauce comes in two different size bottles. The 32 ounce bottle is on sale for $4.59. The 18 ounce bottle is priced at $3.06. Jared has a coupon for 60 cents off if you buy two 18 ounce bottles. Determine if Jared gets the better buy when he buys one 32 ounce bottle or when he buys two 18 ounce bottles.

A
Jared will get the same deal on either purchase.
B
Jared will get the better deal buying one 32 ounce bottle.
C
Jared will get the better deal buying two 18 ounce bottles.
D
Jared doesn’t need the coupon, he will get the best deal on one 18 ounce bottle.
54

I.

Question illustration
A
Option
B
Option
C
Option
D
Option
55

Miki, a resident of Kyoto, earns an annual salary of ¥6,760,950. If the Japanese government levies a 29.12% income tax on Miki’s tax bracket, what is her yearly take-home pay, to the nearest whole yen?

A
¥4,792,161
B
¥4,643,510
C
¥4,439,195
D
¥4,364,869
56

Below are the supply and demand equations for blenders in a certain market. In these equations, p represents price, D represents demand, and S represents supply. What is p at the point of equilibrium, to the nearest tenth?

Question illustration
A
56.0
B
43.3
C
37.4
D
36.7
57

Sofa pillows cost $26.80 each when the CPI is 159. In 1983, how many sofa pillows could you buy with $125?

A
four
B
six
C
seven
D
eight
58

An mp3 player is on sale for 30% off the regular price of $39.98. How much is the discount?

A
$11.99
B
$13.19
C
$13.33
D
$27.99
59

A raincoat costs $79.25 today. If a similar raincoat cost $52.48 in 1983, what is the CPI?

A
166
B
151
C
132
D
127
60

Say that the economy is in a recession, causing vehicle prices to drop by eight percent. If your car was previously worth $25,295, what is it worth now, to the nearest dollar?a.$23,851b.$23,421c.$23,271d.$22,133

A
Option
B
Option
C
Option
D
Option

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