The answers of given statements are
a) option (A) i.e Net income.
b) The funds grow faster in case of compund interest.
c) Establish a theory of probable cause is third step
d) Gas and insurance
e) It is the rate for each day that is worked.
f) The production factors are labour, land etc.
g) Three basic questions related to economy are
What will be produced?how will it be produced?
how will the output society produces be distributed?
We have given some statements,
a) Saving should treated as an another type -->
Net income
After all sales-related expenses have been taken out, the remaining earnings are referred to as net income. Savings is the act of holding money for use in the future; it does not include paying for an item or service up front. The saving reffered as net income, or income after all expenses.
b) Compound interest is usually better than simple interest because it pays -->or allows funds to grow at a faster rate than they would in an account with a simple interest rate.
c) Third step in troubleshooting a computer problem is :
Step 3. Establish a theory of probable cause. Eliminate the simple and obvious possible causes.
d) Gas and insurance is expenditure will be the same whether you lease or buy a new vehicle.
e) Hourly pay is the rate for each day that is worked and is often calculated upon the number of hours the labor has been given to the factory.
f)The factors of production are
- land
- labor
- capital, and entrepreneurship.
g) An economic system is any system of allocating scarce resources. Economic systems answer three basic questions:
- what will be produced?
- how will it be produced?
- how will the output society produces be distributed?
To learn more about Gross income , refer:
brainly.com/question/3776791
#SPJ4
