Answer:
1) Household consumption, which accounts for about <u>68%*</u> of the economy, grew at a 4.2% annualized rate during the second quarter of 2016.
*Data obtained from federal government sources.
2) Since household/consumer spending (consumption) represents almost 70% of the nation's GDP, any change will cause a major change in the total GDP. E.g. if consumption increases by 5%, then the whole economy will grow by 5% x 68% = 3.4%.
To have a fundamental and legal basis, there should always be a purchase contract between the buyer and the seller. This contract contains the agreement and requirements for the purchase to proceed. So in this case, it is always agreed in the contract who pays the cost.
Answer:
the resources used to create output.
Explanation:
Factors of production are the resources used to create output.
They include :
Land : land is all natural resources used in the production process.
Capital - Capital includes all man made resources used in the production process
Labor : all human effort expended in the production process
Entrepreneurship : organizes all other factors of production
Answer: Account A
Explanation:
Account A would be best for James as it provides the most value for the things he would like to do.
- ATM charges are free with this account so he can use the ATM four times in the month at no charge
- He would pay no monthly fees as he uses direct debit
- He would pay an annual fee of $0
- And as online payments are free, he would not have to worry about getting charged for the 8 bills to process in the month.
If there is a study that shows that onion causes cancer it would cause the new demand curve to go lower on its points.
<h3>How is the demand for onion going to be affected.</h3>
Given that it has been established that onion consumption leads to cancer. There would be a great reduction in the number of sales for onion.
People would want to stop consuming the product so that they would nit be affected by the disease.
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