Answer:
Supply increases and price falls; Demand increases and price increases.
Explanation:
Other things remains the same,
If many Americans are selling their used cars, then this will lead to increase the supply of used cars in the market for used cars and shifts the supply curve rightwards. This shift in the supply curve will decrease the prices of used cars.
Now, Americans are buying new fuel-efficient hybrids which will increase the demand of hybrids in the market for hybrids and shifts the demand curve of hybrids rightwards. Therefore, this shift in the demand curve of hybrids will increase the prices of hybrids.
Note: Missing options are attached with the answer.
Answer: Enterprise fund
Explanation: In simple words, enterprise funds refers to the government fund which is self supportive in nature. Under such funds, government entities such as municipal parties sells goods and services to the public for a specific fee.
The basic objective of implementing enterprise fund is to make revenues out of the facilities that an entity provide so that funding of the operations of such entity can be done properly.
The funds are collected and used by the specific entity but the fee is determined by the government itself.
Answer:
Excluded when calculating GDP because they do not reflect current production.
Explanation:
Transfer payments such as medicare, social security, medicaid, unemployment benefits, and other welfare programs are not calculated in GDP because they do not represent government purchases of goods and services, or in other words, they do not reflect goods and services currently produced and purchased.
They are instead, resources that the government takes either in the form of taxes, debt, or money supply, and allocates, or transfers, to specific recipients.
Answer:
b. $102
Explanation:
Data provided as per the question below:-
Cost of basket in 2014 = $51
Cost of the basket in base year = $50
The calculation of the value of the CPI is shown below:-
Value of the CPI = (Cost of a basket in 2014 ÷ Cost of a basket in the base year) × 100
($51 ÷ $50) × 100
= $102
Therefore for computing the value of CPI we simply applied the above formula.
