The reason why the fund uses the budgetary accounts because
it is most likely needed that the funding budget to be approved legally by the
city council in order for the budget funds to be used by the members or people
responsible of handling the budgets.
Answer:
I think it is Automated teller machine
Answer:
b. cannot test his theory because his observations violate the ceteris paribus assumption
Explanation:
As per the law of supply, when price of an input rises, quantity supplied of a good falls, keeping other factors affecting supply as constant (ceteris paribus).
Leather and Shoes are complimentary goods in the sense that leather serves as an input for the product i.e shoes. So if the price of leather rises, production of shoes would fall, keeping other factors constant.
When the price of an input rises, the quantity supplied falls, keeping other factors affecting supply as constant.
In the given case, the price of inputs has increased and yet the production of shoes has increased owing to an advancement in the technology. Technology is a different determinant of quantity supplied and considered as an other factor affecting supply.
Answer:
- <u><em>Pakistan's GDP = 13.53 trillions of rupees.</em></u>
Explanation:
<em>GDP</em> is the gross domestic product. It is the value of all the goods and services produced by an economy (a country), in a period, which is normally one year.
The <em>GDP</em> can be calculated with the equation:
GDP = Consumption + Investment + Goverment spending + Net Exports
Where, Net Exports is the value of the exports less the value of the imports.
Thus, the values that you need to sue to calculate the GDP are:
- Consumptiion
- Investment
- Goverment spending
- Exports
- Import
<u>Identify</u> the values that you need to incorporate in your formula. Here is the selection (all the amounts are in trillions of rupees):
- Consumption = individuals consume: 10.40
- Investment = businesses invest = 1.35
- Government spending = goverment purchases = 2.80
- Exports = Pakistan exports = 1.29
- Imports: Pakistan imports: 2.31
Those are all. Other items, i.e. foreigners spend (0.60 trillions of rupees) and individuals save (5.00 trillions of rupees), do not count for the GDP.
<u>Compute</u> (in trillions of rupees):
- GDP = 10.40 + 1.35 + 2.80 + (1.29 - 2.31) = 13.53
<u>Answer</u>: Pakistan's GDP = 13.53 trillions of rupees.