Answer: Decline in GDP = $1009.3 billion
Explanation:
Okun's law shows us the relationship between a nation's unemployment rate and its level of output or real GDP.
According to the Okun's law,
Therefore, a 7% decline in GDP as compared to the level in 2009 means,
= 1009.33 billion or 1009.3 billion
Thus, GDP declined by $1009.3 billion.
The budget process makes fiscal policy difficult to implement because
<span>---The budget process begins a year and a half before the budget is implemented, and this will make it difficult to know what type of fiscal policy will be needed because it requires us to predict the problem and opportunities that arise during the operation.
---Many budget decisions are made for political reasons , because many politicians was appointed by interest groups that controlled by big companies.
---Nearly two-thirds of the budget is mandated by federal programs and cannot be easily changed, even if it could be changed, the cost could outweihgt the benefit.</span>
Answer:
$44.18
Explanation:
The price can be easily calculated by the simple formula,
Price of stock = Dividend / (rate of return - growth of dividend)
Hence,
Price of stock = 1.90 / (0.085 - 0.042)
Price of stock = $44.18.
Hope you understand this simple equation
Thanks buddy.
Answer:
Students for a Democratic Society (SDS)
Explanation:
The organization that crafted the Port Huron Statement was the Students for a Democratic Society (SDS). Founded in <em>1960</em>, SDS was an american student activist organization initially concerted about <u>participatory democracy</u>, civil rights, justice and urban reform. But after the escalation of the Vietnam War in <em>1965</em>, they focused on protesting against it. The organization grew rapidly by the mid-<em>60's</em> and became increasingly militant. By <em>1969</em>, the organization had grown into several factions that clashed with eachother, leading to their gradual extinction by <em>1974</em>.
