1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
zysi [14]
4 years ago
7

The country of Yokovia does not trade with any other country. Its GDP is $20 billion. Its government collects $2 billion in taxe

s. Consumption equals $15 billion and investment equals $2 billion. What is public saving in Yokovia, and what is the value of the goods and services purchased by the government of Yokovia? a. -$2 billion and $1 billion. b. $1 billion and $1 billion. c. -$1 billion and $3 billion. d. -$2 billion and $3 billion.
Business
1 answer:
lana66690 [7]4 years ago
6 0

Answer:

c. -$1 billion and $3 billion.

Explanation:

GDP = C + I + G

 20  = 15 + 2 + G

G = 20 - 15 - 2 = 3

The government spending is 3 billion. which makes only option c or d correct.

Now we need to solve for public savings:

Taxes -  Goverment Spending  = Public savings

2 - 3 = -1

the government runs with a 1 billion deficit.

This makes option c correc

You might be interested in
Most formula products for infants contain Select one:
N76 [4]

Most formula products for infants contain lactose, heat-treated cows' milk protein, and vegetable oils.

Option A

<u>Explanation: </u>

Pure cow's milk, casein as well as other additives depending on the manufacturer is the most widely used baby food formula, as a source of protein, a combination of vegetable oils, a starch supply lactose, a vitamin-mineral mixture and others.

Additionally, in the Americas and in Britain, infant formulations use soybeans as a protein source (mainly) and protein hydrolyzes in its amino acid portion for infants sensitive to many other proteins are available.

In many countries, breasts have risen and, in the average life expectancy of adoption of baby foods (such as cow's milk), infant formulas have been delayed, due to both an increased breasts and decreased use of the formula around 3 and 12 months of age.

4 0
3 years ago
Uniform Supply accepted a $6,300, 90-day, 8% note from Tracy Janitorial on October 17. If the note is dishonored, but Uniform Su
Dovator [93]

Answer:

Debit Cash $6,426; credit Interest Revenue $21; credit Interest Receivable $105, redit Notes Receivable $6,300.

Explanation:

Based on the information given the appropriate journal entry that Uniform Supply should make on January 15 of the next year will be:

Debit Cash $6,426

($6300+$105+$21)

Credit Interest Revenue $21

($6300*8%*15/360)

Credit Interest Receivable $105

(6300*8%*75/360)

Credit Notes Receivable $6,300

6 0
3 years ago
The type of law that is derived from tradition and earlier judicial decisions is
dolphi86 [110]

Answer: The answer is a Common Law

4 0
3 years ago
Harrison Recyclers Company uses the indirect method to prepare its statement of cash flows. Refer to the following information f
nevsk [136]

Answer:                                                                  $

        Retained earnings beginning balance   142,000

        Net loss for the year                                  <u>(14,000)</u>

                                                                              128,000

       Retained earnings ending balance          <u> (122,000)</u>

       Amount of dividend declared                      <u> 6,000</u>

 

Explanation:  In order to calculate the amount of dividend declared, there is need to deduct the net loss for the year from retained retained earnings beginning balance.  Thereafter, we also need to deduct retained earnings ending balance.                                                

8 0
4 years ago
For an automobile company, the total overhead applied was $48,000,000 at the end of the year. Actual overhead was $52,850,000. C
ICE Princess25 [194]

Answer:

Net income decreased by $4,850,000.

Explanation:

Given total overhead applied = $48000000

The actual overhead = $52850000

Over/under Applied overhead = total overhead applied - Actual overhead at the end of the year.

Over / under Applied overhead = 48000000-52850000

Over / under Applied overhead = -$4850000

From the calculation, it can be seen that the overhead is underapplied therefore when under applied overhead allocated to cost of goods sold then cost of goods sold decreased by $4850000.

4 0
3 years ago
Other questions:
  • Charley has a typing service. he estimates that a new computer will result in increased cash inflow $1,600 in year 1, $2,000 in
    10·1 answer
  • The _____ was/were enacted to restore confidence in financial reporting and business ethics after the accounting scandals of the
    6·1 answer
  • You are in talks to settle a potential lawsuit. The defendant has offered to make annual payments of $38,000, $42,000, $86,000,
    15·1 answer
  • Why is diversity training important?
    13·1 answer
  • A company uses the periodic inventory method. If beginning inventory is understated by $10,000 because the prior’s year’s ending
    13·1 answer
  • Kevin and Bob have owned and operated SOA as a C corporation for a number of years. When they formed the entity, Kevin and Bob e
    13·1 answer
  • Carson beck works at the local worst buy shop. as a full-time student at the local university, he is being paid an hourly rate o
    10·1 answer
  • arett Motors is trying to decide whether it should keep its existing car washing machine or purchase a new one that has technolo
    10·1 answer
  • Name one of the three different levels at which an organization can be diagnosed?
    12·1 answer
  • f a tenant remains in possession of leased property after the expiration of the lease term, without paying rent and without the
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!