Answer:
The answers are:
- A) Government tax revenue minus the sum of government purchases and transfer payments to households.
- B) a budget surplus
Explanation:
The formula to calculate public saving is (T - G - TR).
- T stands for all the government revenue through taxes and tariffs.
- G stands for all the government spending including purchase of goods and provision of services.
- TR stands for all the government transfers including payments to individuals and households through social programs (including social security).
Budget surplus is the same as public saving.
The second firm finds that though demand is not perfectly elastic, it is now comparatively more elastic. The second firm marginal revenue will be more elastic and its profit maximizing price will be lower. A monopolist probably also considers in policies that indulgence monopolies since it gives them greater power. A monopolist has slight incentive to progress their product because customers have no replacements. Instead, the motivation is dedicated on defending the monopoly.
Answer:
B is the answer have a great day
Explanation:
Answer:
While manufactured fibers are manmade using materials like glass, metal, and plastic, natural fibers are processed and prepared for market without the use of any environmentally destructive synthetic filler fibers.
Explanation:
Answer:
Production function would shift downward to a lower level of real GDP.
Explanation:
given data
technology coefficient rises = 0.40 to 0.50
solution
as here technological coefficient is the amount of input required for 1 unit of output
so that when it increase from 0.4 to 0.5
so that it implies that amount of input required for 1 unit of output has increase by 0.1
so here more labor is required for producing same level of real GDP
so that production function would shift downward to a lower level of real GDP.
