Answer:
Option A, “the substitution effect dominates the income effect” is correct.
Explanation:
If the real wage increases then the opportunity cost for leisure will also increase. Therefore, an increase in real wages and a rise in the opportunity cost of leisure induce labor to supply more workforce or labor force. This is known as the substitution effect. Moreover, when this substitution effect is greater than the income effect then the supply curve for labor is upward sloping.
Answer:
Amount received = 217,043.56 (Approx)
Explanation:
Given:
Monthly deposit = $400
Interest rate = 3.2% / 12 = 0.002667 per month
Number of year = 63 year - 35 year = 28 year
Number of period = 28 × 12 month = 336 month
Computation:
![Amount \ received = PMT[\frac{(1+r)^n-1}{r} ]\\\\Amount \ received = 400[\frac{(1+0.002667)^{336}-1}{0.002667} ]\\\\Amount \ received =400[\frac{(1.002667)^{336}-1}{0.002667} ]\\\\Amount \ received =400[\frac{2.44713794-1}{0.002667} ]\\\\Amount \ received =400[\frac{1.44713794}{0.002667} ]\\\\Amount \ received =400[542.608901]\\\\Amount \ received =217,043.56\\\\](https://tex.z-dn.net/?f=Amount%20%5C%20received%20%3D%20PMT%5B%5Cfrac%7B%281%2Br%29%5En-1%7D%7Br%7D%20%5D%5C%5C%5C%5CAmount%20%5C%20received%20%3D%20400%5B%5Cfrac%7B%281%2B0.002667%29%5E%7B336%7D-1%7D%7B0.002667%7D%20%5D%5C%5C%5C%5CAmount%20%5C%20received%20%3D400%5B%5Cfrac%7B%281.002667%29%5E%7B336%7D-1%7D%7B0.002667%7D%20%5D%5C%5C%5C%5CAmount%20%5C%20received%20%3D400%5B%5Cfrac%7B2.44713794-1%7D%7B0.002667%7D%20%5D%5C%5C%5C%5CAmount%20%5C%20received%20%3D400%5B%5Cfrac%7B1.44713794%7D%7B0.002667%7D%20%5D%5C%5C%5C%5CAmount%20%5C%20received%20%3D400%5B542.608901%5D%5C%5C%5C%5CAmount%20%5C%20received%20%3D217%2C043.56%5C%5C%5C%5C)
Amount received = 217,043.56 (Approx)
Answer:
The correct answer of this question is b-200$.
Explanation:
As per tax schedule if income from capital gain is less than 39,375$ 0% tax is charge lieved.
So on his income from capital gain that is 34,000 dollars no tax will be charge. However the remaining income is subject to income tax that is (36000-34000)= 2000 dollars. So Cason is liable to pay tax equals to 200$. (2000*10%)
As per tax law whose income is less than 9,750 dolars is liable to pay tax at the rate of 10%.
Answer:
A.$73.75 billions
B. $50 billion
C. 0.18%
Explanation:
a. The real GDP change in response by
(1/(1 −MPC) ×$35.4 billion = (1/(1 −0.52) ×$35.4 billion =$73.75 billion.
b. If in addition to the consumer spending change in part a, unplanned inventory invest-ment decreases by $50 billion, the resulting change in real GDP is
$73.75 billion - $50 billion = $23.75 billion.
c.The percent increase in GDP is
($23.75 billion/$13,139.5 billion) ×100
=0.18%
A. Traders borrowing money from their brokers.
