Three really important roles are allocation function, distribution function, stabilization function
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<span>profit-and-loss statement</span>
Answer:
$46.8
Explanation:
The shoe is worth $85. You pay a deposit of $40. The balance is $45.
So $45 is charged at 8% interest for six months.
Simple interest I= p x r x t
In this case, p is $45,
r is 8%
t= 6 months or 0.5 years
I = $45 x 8/100 x 0.5
I= $45 x 0.08 x 0.5
I=$1.8
The total amount owed will be $45 + $1.8
=$46.8
Answer:
there was inflation
Explanation:
Inflation may be defined as the rise in the price or the increase in the cost of a product or commodities in the market. It is when you pay more price for the same commodity that you have bought it in a less price earlier.
When there is inflation, the price of goods in the market increases.
In the context, Barbara usually buys the same market basket every week at a price of $ 60. But this week she could not buy the market basket even though she had $ 60 with her. This is because the price of the market basket increased this week due to inflation and now cost more than $60. So Barbara could not buy the market basket.