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juin [17]
3 years ago
15

A closed economy has income of $1,200 billion, government spending of $220 billion, taxes of $170 billion, and investment spendi

ng of $250 billion. Consumption spending is $ billion. Private saving is $ billion. Public saving is $ billion. National saving is $ billion. Enter whole numbers.
Business
1 answer:
Llana [10]3 years ago
3 0

Answer: CONSUMPTION SPENDING = $730 Billion

PRIVATE SAVING = $300 Billion

PUBLIC SAVING = -$50 Billion

NATIONAL SAVING = $250 Billion

Explanation:

The missing figures are the Consumption Spending, Private Saving, Public saving and National Saving.

This is a closed economy so no imports.

Consumption Spending.

The Formula for GDP is

Y = C + I + G

Y is income

C is Consumption

I is Investment

G is Government Spending.

Making C the subject we have,

C = Y - I - G

= 1,200 - 220 - 250

= $730 billion

Private Saving is what people are left with after taxes and Consumption so,

= Y - T - C

= 1,200 - 170 - 730

= $300 billion

Public Saving is how much the Government spent vs what it received.

The formula would therefore be

= Taxes - Government Spending

= 170 - 220

= -$50 billion

National Saving is the amount in the Economy that was saved after accounting for Consumption and Government Spending.

= Y - C - G

= 1,200 - 730 - 220

= $250 billion

If you need any clarification do react or comment.

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Which of the following management responsibilities often involves evaluating the results of operations against the​ budget?
gayaneshka [121]

Answer: (C) Controlling

Explanation:

 The controlling is one of the most important function in the management as it involves proper planning, directing and the organizing all the function in the system.

 The main objective of the controlling is that it helps in evaluating the management process and also helps in the error checking in order to taking the various types of decision for the correction purpose.

 According to the given scenario, the controlling is one of the management responsibility that involve against the given budget for the purpose of evaluation in an organization.

 Therefore, Option (C) is correct.

3 0
3 years ago
6. Say whether the following words are (just) vague, (just) ambiguous, both vague and ambiguous, or neither. Briefly justify you
Nadya [2.5K]

Answer:

When something is vague, it is not being specific but when something is ambiguous, it has multiple meanings and so can be open to interpretation.

a. Middle class ⇒ Both VAGUE and AMBIGUOUS

Middle class is non specific because it is used as a blanket term for people or things not in either first or lower class. It also has multiple meanings.

b. Odd number ⇒ NEITHER

c. Gold ⇒ AMBIGUOUS

Gold has several meanings such as being a mineral, medium of exchange or even a color.

d. Bank ⇒ AMBIGUOUS

Bank also has different meanings. It could be a financial institution, land next to water or even a repository for blood.

e. Opportunity ⇒ VAGUE

Opportunity is vague unless the opportunity is described.

f. Jaguar ⇒ AMBIGUOUS

Jaguar has multiple means. It could be a animal or it could be a car.

g. Credit ⇒ AMBIGUOUS

Credit has several meaning as well. It could refer to loans, financial entry, increase in bank account etc.

8 0
3 years ago
CAAT Traders acquired machinery on 1 July 20.18 for an amount of R175 300. This machinery was only available for use from 1 Sept
Ilia_Sergeevich [38]

The depreciation expenses to be shown in the statement of profit or loss and other comprehensive income for the year ended (31-05-2019) is R26,295.

<h3>What is depreciation?</h3>

Depreciation can be defined as a process in which the monetary (financial) value of an asset decreases or falls over time, especially due to wear and tear.

<h3>How to determine the depreciation expenses?</h3>

First of all, we would calculate the expected number of units produced by CAAT as follows:

Expected number of units produced = 15,000 + 13,000 + 11,000 + 10,500 + 10,500

Expected number of units produced = 60,000.

Mathematically, the depreciation expenses is given by:

Depreciation expenses = Actual units produced/expected units produced × cost price

Substituting the given parameters into the formula, we have;

Depreciation expenses = 9,000/60,000 × 175,300

Depreciation expenses = R26,295.

Read more on depreciation expenses here: brainly.com/question/25806993

#SPJ1

7 0
2 years ago
Are these competitive markets?
ruslelena [56]
I believe it’s A I hope this helps!
5 0
3 years ago
To be successful, what must an entrepreneur be willing to invest? Check all that apply. money unemployment personal safety time
kotegsom [21]

The correct answer is 1, 4, 5.

1. Money.

4. Time.

5. Considerable effort.

Successful entrepreneur is termed as the right attitude towards business and grit to achieve success and also self determination.

A successful entrepreneur has a healthy opinion and sense to self confidence to abilities and skills.

The most important trait for an entrepreneur to be successful is self discipline.

3 0
3 years ago
Read 2 more answers
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