E. Individuals in the country may pursue their own economic growth and self-interest by doing whatever is best for them
Explanation:
Anoveoswer:
The government deficit is $150 billion
Explanation:
Current Account (CA) = Savings(S) -Investment(I).
Current account (CA) is also conventionally defined as (X-M) (value of exports – value of imports) + Net income from abroad. (R)
CA = (X-M) + (R)
In this case CA= $1050 billion - $1100 billion
CA= -$50 billion
Therefore CA = (X-M) + (R)
- $50 billion = x + $100 billion
X-M= -$100 billion + -$50 billion= -$150 billion
Answer:
The size of the payment = $628.63
Explanation:
<em>An annuity is a series of equal payment or receipt occurring for certain number of period. </em>
The payment in question is an example of an annuity . We can work back the size of the payment using the present value of the ordinary annuity formula stated below
The Present Value of annuity = A × (1- (1+r)^(-n))/r
A- periodic cash flow,= ? r- monthly rate of interest - 4.25%/12= 0.354%
n- number of period- (71/4×12)= 87.
Let y represent the size of the payment, so we have
47,000 = y × ( 1-1.00354^(-87))/0.00354
47,000 = y× 74.76
y =47,000/74.7656= 628.63
The size of the payment = $628.63
Answer:
Abdul's surplus= $400
Total surplus=$500
Explanation:
Consumer surplus can be defined as the amount a consumer is willing to pay and the amount he actually paid (which is usually less).
Given:
Carolina willing selling price=$2,000
Abdul willing buying price=$2,500
Abdul negotiated price=$2,100
Abdul is willing to pay $2,500 but he negotiated $2,100
Abdul's surplus= $2,500-$2,100
=$400
Total surplus= Abdul's willing price - carolilina's willing price
Total surplus= $2,500 - $2,000
= $500
Answer: Open-ended
Explanation:
Here, in this particular we can state that the given question is an example of an <em>open-ended question</em>. Under this scenario, the question being asked is subjective i.e. what an individual likes least about the textbook shopping. The open-ended questions are referred to as questions that cannot be replied with either a yes or a no.
