Answer:
The answer is "$7,630".
Explanation:
If we take into account that there are four weeks in a month, then
Joe's earnings can be calculated as:
= 
= 
($)
Zola's earnings can be calculated as:
= 
= 
= 
($)
Thus,
The total gross monthly income would be:
= 
= 
= 
($)
Answer:
The real exchange rates calculated are 4.5 and 3
Explanation:
We understand that
Real exchange rate = Nominal exchange rate × (Basket cost in US ÷ Basket cost in Norway)
Utilizing this formula, the calculation proceeds as follows:
For a nominal exchange rate of 3, the real exchange rate is calculated as follows:
= 3 × (60 ÷ 40)
= 4.5
For a nominal exchange rate of 2, the real exchange rate is:
= 2 × (60 ÷ 40)
= 3
This indicates an increasing division of labor among employees with varying skills.
If you are inquiring about the welfare and subsidies in South Africa, I believe it would be beneficial for the government to increase welfare support in order to enhance educational quality. This investment will ultimately produce a workforce that is better qualified, thereby improving the overall conditions in South Africa.
I hope this is helpful.
