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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

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The  total amount of social insurance taxes you owe the federal government is $3,596.

The social insurance taxes will be tax rate (6.2%) of gross income amount of  $58,000 which is calculated using this formula

Social insurance taxes=Social security tax rate× Gross income

Where:

Social security  tax rate=6.2%

Gross income=$58,000

Let plug in the formula

Social insurance tax=6.2%×$58,000

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Inconclusion the  total amount of social insurance taxes you owe the federal government is $3,596.

Learn more here:brainly.com/question/10714904

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3 years ago
The ______________ perspective assumes that the external environment is constantly changing, whether due to competition or custo
Akimi4 [234]

Answer:

The contingency perspective assumes that the external environment is constantly changing, whether due to competition or customer preferences, while the evidence based management seeks to find ‘best practices’ with data-driven evidence to support solutions.

a. contingency perspective

b. Evidence based management

Explanation:

Management can be defined as the act of planning, directing and controlling people and resource to achieve set organizational goals. There are different perspectives of management. Some of the examples of management perspectives are; contingency perspective and evidence based management. They are further explained below;

a. Contingency perspective

The contingency perspective is a management theory that seeks to provide management solutions to the problems by examining the context of the problems. It involves assessing the external environment that coming up with a management solution that fits the problem. The external environment can be defined as anything outside the organization or the business that can affect the management of that organization or business. They include factors like; competition and customer preferences. Since the external environment is always changing, new and more efficient management techniques also need to be adopted as opposed to having one rigid management perspective. The contingency perspective has the advantage of learning from situations and utilizing the solutions that worked on similar problems in the future.

b. Evidence based management

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