Answer: Option (C) is correct.
Explanation:
National Savings is divided into two parts, private savings and public savings.
Private Savings = GDP - Taxes + Transfer payments - Consumption Spending
= Y - T + TR - C
= 12 - 3 + 2 - 9
= $ 2 trillion
Public Savings = Taxes - Government Spending - Transfer payments
= 3 - 0 - 2
= $1 trillion
∴ Option (C) is correct.
Private saving = $2 trillion and public saving = $1 trillion.
When there is a price floor in the market, this usually means that the sellers of the good or service outnumber the buyers.
<h3>What is a price floor?</h3>
- It refers to an amount that the price of a good is not allowed to fall below.
- It is imposed by the government to prevent market failure.
The reason the price might fall so low that a price floor would be implemented is that there are more suppliers in the market than consumers. The price will therefore fall according to the Law of Demand.
In conclusion, option D is correct.
Find out more on the law of demand at brainly.com/question/1078785.
Answer:
a) $ 40,480
b) 17.60%
Explanation:
Working:
a. Increase in sales a 2,30,000
Less:
b=a*5% 11,500
c=a*2% 4,600
- Production ans selling costs
d=a*71% 1,63,300
e=a-b-c-d 50,600
f=e*20%
10,120
Net Income 40,480
b)Return on sales
Net Income/Sales
40480/230000
17.60%
Public action committees (PAC) is an example of a specific interest group that was established primarily to influence election.
<h3>What is an
interest group?</h3>
An interest group can be defined as a group that comprises individuals who are only concerned about influencing policies of the government based on their interests, cause, common aims, goals, or people they represent.
In the United States of America, some examples of interest groups include the following:
- Environmental interest groups
Read more on interest groups here: brainly.com/question/15936960
