Answer:
G = $20 Billion
Explanation:
Given that
C = $60 billion
GDP = $100 billion
Gross Investment = $30 billion
Net export = $10 billion
Recall that
GDP = C + Ig + G + Xn
Therefore
G = GDP - ( C + Ig + Xn )
G = 100 - ( 60 + 30 + [-10])
G = 100 - (90 - 10)
G = 100 - 80
G = 20
Thus, government expenditure is $20 billion.
The economy, as a system, represents the flow of the resources from the production through consumption. In fact, economy is the line of production and distribution and as well as the consumption of the goods and services in any given areas around the globe.
Answer:
5.657%
Explanation:
Data provided:
Face value = $1,000
Current market price = $640
Time of maturity, t = 8 year
Now,
the compounding formula is given as:
Face value = Current amount × 
where,
r is the rate i.e pretax rate of debt
n is the number of times the interest is compounded i.e for semiannual n = 2
thus, on substituting the values, we get
$ 1,000= $ 640 × 
or
1.5625 = 
or
= 1.0282
or
r = 0.05657
or
pretax cost of debt = 0.05657 × 100% = 5.657%
$6,000.00 - ($2,050.00 - $750.00) =
$6,000.00 - $1,300.00 = $4,700.00
Bad debt expense for 2019 would be: $4,700.00
