Answer:
D. Spending on services is smaller than the amount of consumption spending on durable and nondurable goods.
Explanation:
For developed countries like the U.S, there is a lot of stress in consumption of services such as good health care, appropriate and quality education and among others. These services contribute to a larger proportion of consumption component of GDP than both durable and nondurable commodities. Therefore, the statement “spending on services is smaller than the amount of consumption spending on durable and non-durable goods” is not correct
Even though the Phillips curve is an empirical model has historically shown that the rate of unemployment and the rate inflation is inversely proportional, this is only observed in the short-run. In a graph, this is shown as non-linear.
The Long-run Phillips curve, on the other hand, is linear. This means that there's no constant trade-off with regard to inflation & unemployment.
First add two numbers and get the sum and then subtract with the third number and get the different ..so the answer will be C: 98000
<span>Thee factors that are often cited for higher product prices due to American product marketing systems include high cots of advertising and promotion by the manufacturer, the high cost of distributing those products and the excessive markups placed by retailers.</span>
Answer:
A
Explanation:
There was no question, so...
