Answer:
Michael does not experience inflation because he only buys Tennis rackets
Explanation:
Inflation is defined as increases in price per unit price.
It is the prolonged increase in the price of goods and services caused by devaluation of currency , demand -pull or cost - push. While a certain degree of inflation can be beneficial to a thriving economy , it can become a threat if it becomes larger.
One of the direct impact of inflation is rise in price of goods and services.
As the price of rackets was not affected by the inflation , that means that Michael was not affected by the inflation.
Answer:
124.38%
Explanation:
capacity utilization rate is the rate at which productive capacity or output is being utilized. It is denoted by the equation:
Capacity utilization = [actual output/ potential output] %
= (45,400/365) %
=124.38%
The most likely answer is option 3
Answer:
A) in any particular year, the level of GDP is determined mainly by the level of aggregate expenditure.
Explanation:
The formula for calculating the aggregate expenditure (AE) of an economy is the same used to calculate the gross domestic product:
Aggregate expenditures = consumption + investment + government + net exports (exports - imports)
The main difference between the GDP ans AE is that AE measures the planned consumption, the planned investment, the planned government expenses and the planned net exports.
he equation is: AE = C + I + G + NX. The aggregate expenditure determines the total amount that firms and households plan to spend on goods and services at each level of income.
