Answer: 326,500
I’m not 100% sure why,but I had the same question on an assignment and that was the answer.
The annual interest rate is 11.803%.
Assumptions:
- Interest is compounded annually.
Answer:
The gas at station A is $0.02 per gallon more expensive
Explanation:
Data provided in the question:
Cash rebate provided by the AMEX card = 2%
Cash rebate provided by the VISA card = 1%
Price of the gas = $2.00 per gallon
Now,
Amount of rebate provided by the AMEX card per gallon = 2% of $2.00
= 0.02 × 2.00
= $0.04
Amount of rebate provided by the VISA card per gallon = 1% of $2.00
= 0.01 × 2.00
= $0.02
Since station A does not accept AMEX card
Therefore, VISA card will be used at station A
Thus,
Rebate at station A = $0.02
And rebate at station B = $0.04
Difference in rebate = $0.04 - $0.02
= $0.02
Hence,
The gas at station A is $0.02 per gallon more expensive
Answer:
B) $4,210 billion.
Explanation:
We will use the expenditure approach to calculate GDP. The formula is:
GDP = Consumption + Investment + Government Spending + Net Exports (Exports - Imports)
Now we take from the question the relevant information:
Consumption
Expenditures for consumer goods and services $2,850
Investment
Gross investment $700
Government Spending
Government purchases of goods and services $810
Net Exports
Exports $300
Imports $450
Net Exports: ($150)
Now, we plug these amounts into the formula:
GDP = $2,850 + $700 + $810 + ($150)
GDP = $4,240 Billion
