Answer:
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The long-run aggregate supply curve will shift to the right if a given economy experiences technological advancements.
<h3>What is the aggregate supply curve?</h3>
The aggregate supply curve is a graphical representation that makes reference to all processes that add value to the productive chain.
The aggregate supply curve is mainly influenced by technological inputs that increase productivity.
In conclusion, the long-run aggregate supply curve will shift to the right if a given economy experiences technological advancements.
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The kind of depreciation that the appraiser will apply in this case is called "functional obsolescence".
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What is "functional obsolescence"?</h3><h3 />
The kind of loss of value that is attributable to loss of appeal is what tis called Functional obsolescence depreciation method.
It can be curable or incurable. curable means that by giving the property a face life, it re-acquires value.
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The percentage of annual US government spending allocated to foreign aid is; 1 percent.
<h3>What was the US foreign aid?</h3>
Foreign aid refers to the international movement of money, services, or goods from governments or international institutions for the benefit of the receiving country or its citizens. Foreign aid can be fiscal, military, or humanitarian and is considered one of the significant sources of foreign exchange.
Now, A poll conducted by World Public Opinion in 2010 on the US public found out that the average estimate for how much of the government's budget is spent on foreign aid was 25 percent. The average amount proposed by the public was 10 percent of the federal government's budget be used on foreign aid. However, in actual terms, less than 1 percent of the US federal budget goes towards foreign aid.
Thus, we can conclude that the percentage of annual US government spending allocated to foreign aid is 1 percent.
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