Answer:
The correct answer is personal consumption plus gross private investment plus government spending plus net exports.
Explanation:
Total spending in an economy is the sum of personal consumption plus gross private investment plus government spending plus net exports.
Personal consumption expenditure is spending by consumers on goods and services. Gross private investment is the expenditure by the businesses.
Government spending is the expenses incurred by the government. Net exports are the amount spend on the purchase of goods and services from abroad.
All these together make total spending in an economy.
Answer:
The predetermined overhead rate is 29.81 per machine hour
Explanation:
Fixed predetermine overhead rate = Estimated fixed manufacturing overhead / Estimated machine hour
Fixed predetermine overhead rate = $944,762 / 40,600
Fixed predetermine overhead rate = $23.27 per machine hour
Total predetermine overhead rate = Fixed predetermine overhead rate + Estimated variable manufacturing overhead
= $23.27 + $6.54
= 29.81 per machine hour
Answer:
Yes, this is an increase in demand
Explanation:
Demand increased from 10 watches per week to 35 watches per week.
This is an increase in demand and it was induced by the drop in price from $75 to $50.
Consumers tend to buy more at lower price and tend to reduce their demand at higher price. This is the law demand.
Higher price reduces consumers' purchasing power.
Answer:
Civic engagement means, work to make difference in the civic life of the community , using combination of values, motivation, skills and knowledge to make difference.
- It can be both formal or informal,
- It can have many forms such as community engagement, volunteerism, government work and organizational involvement and electoral participation.
- Civic engagement work such as volunteering and voting can help people develop skills, voice and knowledge to make positive change in the society and helps to improve the conditions which influence well being and health for all.
- Many people volunteer to clean the riverbeds , or by collecting the garbage from beaches, they can be considered to be civically engaged. They do it because it gives them a sense of contributing to the society by keeping rivers and beaches clean.
