1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
pychu [463]
3 years ago
13

In a closed​ economy, the values for​ GDP, consumption​spending, investment​ spending, transfer​payments, and taxes are as​ foll

ows:
Y​ =$12 trillion.


C= $9 trillion


I=$ 3 trillion


TR=$2 trillion


T= $ 3 trillion


Using the information​ above, what is the value of private saving and public​ saving?


A. private saving equal $9 trillion and public saving equal $ 3 trillion.


B. private saving equal $1 trillion and public saving equal $ 2 trillion.


C. private saving equal $2 trillion and public saving equal $ 1 trillion.


D private saving equal $3 trillion and public saving equal $ 9 trillion.
Business
1 answer:
V125BC [204]3 years ago
5 0

Answer:

Option (C) is correct.

Explanation:

Private saving refers to the savings of the households which cannot be used for the consumption and tax payment.

Public saving refers to the savings of the government.

Private savings:

= Income - Consumption - Taxes + Transfer payments

= $12 - $9 - $3 + $2

= $2 trillion

Public savings:

= Taxes - Transfer payment

= $3 trillion - $2 trillion

= $1 trillion

You might be interested in
Pina Colada Corp. had beginning inventory of $16500 at March 1, 2017. During the month, the company made purchases of $71500. Th
patriot [66]

Answer:

The cost of goods sold is $68970

Explanation:

The cost of goods sold is the cost of inventory that a company sells in a partcular period.

The cost of goods sold can be calculated as,

Cost of Goods sold = Opening inventory + Purchases - Closing Inventory

Cost of Goods Sold = 16500 + 71500 - 19030  = $68970

4 0
3 years ago
$1,200 is received at the beginning of year 1, $2,200 is received at the beginning of year 2, and $3,300 is received at the begi
mart [117]

Answer:

Their combined future value will be 8,141.59.

Explanation:

Each deposit is invested at 12%, but for a different amount of years. So, the best thing would be to separate the three, calculate their value at the end of the third year for separated, and then obtain the grand total by adding up the results.

  • First deposit = 1,200. It is invested for three years. The value at the end of year 3 is 1,200*(1.12)^3 = 1,685.91
  • Second deposit = 2,200. It is invested for two years. The value at the end of year 3 is 2,200*(1.12)^2 = 2,759.68
  • Third deposit = 3,300. It is invested for one years. The value at the end of year 3 is 3,300*(1.12) = 3,696.00
  • The sum of the three deposits is 8,141.59.
6 0
3 years ago
The term that is used to refer to a situation in which one party to an economic transaction has less information than the other
Dmitry_Shevchenko [17]

Answer: The correct answer is choice c.

Explanation: Asymmetric information is the term that is used to refer to a situation in which on part to an economic transaction has less information than the other party. This term is also known as information failure.

3 0
3 years ago
An individual who works at a bookstore routinely takes home ballpoint pens and post-it notes, uses the copy machine to make pers
Papessa [141]

This attitude is called cash register honesty.

The book store worker knows very well that ball point pens, post-its, copies on the copier machine and long-distance phone calls are office resources and should, in principle, be used only for office purposes.

He is also aware that the he is responsible for his own needs - be it post-its or long-distance phone calls.

By taking some small supplies home or using the office equipment for personal use (e.g. making personal copies or making personal long-distance phone calls), he increases the cost to the company.

Yet, he continues to indulge in the activities described in the question, because he believes, at a personal level, that he can get away with it . (It's okay with him at a personal level.)

However, since stealing from the cash register is not ok with him on a personal level, he doesn't do it even though he knows he can get away with it. This attitude is called cash register honesty.

7 0
3 years ago
A sales person who convinces a customer to buy a more expensive product than the customer originally intended is using what sale
shusha [124]
A sales person who convinces a customer to buy a more expensive product than the customer originally intended is using what sales technique C. UPSELLING
8 0
3 years ago
Read 2 more answers
Other questions:
  • Sleep Tight, Inc., manufactures bedding sets. The budgeted production is for 45,800 comforters this year. Each comforter require
    7·1 answer
  • What is the expected salary range for ocean engineer from entry level to being at the top of their field?
    8·1 answer
  • Which life insurance policy provision prohibits a beneficiary from "commuting, encumbering, withdrawing, or assigning" any porti
    7·1 answer
  • North Carolina produces sweet potatoes in its rich soil, but does not have the climate to grow oranges well. It is correct to sa
    15·1 answer
  • Blue Company produces Trivets. Based on its master budget, the company should produce 13,000 Trivets each month, working 14,500
    14·1 answer
  • What important element of the watergate scandal, investigation, and court cases was not covered by the constitution?
    11·1 answer
  • If Congress cuts spending to balance the federal budget, the Fed can act to prevent unemployment and recession by
    10·1 answer
  • John is working in an organization. He takes backup of files through a replication process and wants to know the amount of time
    12·1 answer
  • Tip Top Corp. produces a product that requires 14 standard gallons per unit. The standard price is $6.00 per gallon. If 3,500 un
    14·1 answer
  • Anne is a full-time student at UCLA buts works part-time as a waitress at a diner near her dormitory. She earns an hourly wage b
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!