Answer: Consumption = $6 trillion
government purchases = $1.3 trillion
national saving = $0.7 trillion and
investment = $0.7 trillion
Explanation:GDP is the market value of all final goods and services within an economy during a given period.
GDP = Consumption + Investment/National Savings + Government Expenditure/purchases (in a closed economy)
National Savings/ Investment = Private saving + public saving = $0.5 trillion +$ 0.2 trillion = $0.7 trillion.
Government purchases = Taxes - Public saving = $1.5 trillion - $0.2 trillion = $1.3 trillion
Since, GDP = Consumption + Investment/National Savings + Government Expenditure/purchases (in a closed economy)
Therefore, Consumption = GDP - Investment - Government Expenditure
Consumption = $8trillion - $0.7trillion - $1.3trillion = $6 trillion
Answer:
A lump-sum payment made to a life insurance company that promises to make a series of equal payments later for some period of time.
Explanation:
Answer:
B. Software designers
Explanation:
Software designers create new ideas and develop them into user-friendly computer software. They are also known as software developers. They apply computer coding and programming skill to perform their functions. Software designers create computer games, operating systems, and other software programs. They also design programs customized to meet specific customer requirements.
Answer:
$32
Explanation:
The incremental cost:
Direct materials +Direct labor +Variable manufacturing overhead
$12 + $8 + $12 = $32
The maximum price Olive Corp. should pay the outside supplier is $32.
Fixed manufacturing overhead was not included because it is not relevant to the decision.
<span>The attributes that consumers may consider when assessing the car would be considered as evaluative criteria.
Evaluative criteria is a term in marketing used to describe the factors that represent both the objective (power, fuel economy) attributes of a brand and the subjective (prestige, convenience) attributes. The consumer use these attributes to compare different products and brands.</span>