Answer:
Option (1) is correct.
Explanation:
Given that,
Annual disposable income = $80,000
Marginal propensity to consume, MPC = 0.8
Autonomous consumption spending = $10,000
Therefore,
annual consumer spending:
C = a + bY
Where,
a = Autonomous consumption spending
b = Marginal propensity to consume
Y = Annual disposable income
C = $10,000 + (0.8 × $80,000)
= $10,000 + $64,000
= $74,000
Answer:
The answer b false
Explanation:
The effect of the tax on the supply-demand equilibrium is to shift the quantity toward a point where the before-tax demand minus the before-tax supply is the amount of the tax. The price the buyer pays rises, but generally by less than the tax.
Answer:
$150,450
Explanation:
With regards to the above, her assets are: checking account, savings account, Home, furniture and appliances, laptop, mutual fund, car and retirement account.
= $750 + $1,900 + $91,000 + $11,000 + $3,300 + $5,500 + $37,000
= $150,450
Therefore, the total value of her asset is $150,450
The Chinese insurance market has grown at a furious pace in recent years and will surpass that of the United States by 2029.
A strong economy, government investment, consumer awareness, and technology are fuelling China's growth in the insurance sector.
China's biggest insurance companies are among the largest companies in the world.
The term proliferation is the act of greatly increasing something.
For example : Nuclear proliferation.
This phrase means that someone wanted to greatly increases the number of Nuclear weapon that he/she own
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