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cestrela7 [59]
3 years ago
14

For a closed economy, GDP is $11 trillion, consumption is $7 trillion, taxes are $2.5 trillion and the government runs a surplus

of $1 trillion. What are private saving and national saving?
Business
1 answer:
alina1380 [7]3 years ago
6 0

Answer:

A. $1.5 trillion and $2.5 trillion, respectively

Explanation:

Given that

GDP = 11 Trillion

Tax = 2.5trillion

C = 7 trillion

Recall that

Private Savings = Disposable Income - Consumption

Disposable income = GDP - Tax

= 11 - 2.5

= 8.5

Private savings = 8.5 - 7

= 1.5 trillion.

National Savings = Private Savings + Budget balance

Given that

Budget balance = 1 trillion

Therefore,

National Savings = 1.5 + 1

= 2.5 trillion.

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Answer: d. any of the choices.

Explanation:

Chaz is not to transfer the duties to a third party if Dolly got into the agreement with Chaz for any of the following;

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Answer:

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XXXX          Cost of goods sold                            $5,800

                     To manufacturing overhead                            $5,800

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Roughly what percent of japan is mountainous? select one:
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Its D because 73% of Japan is covered by mountains
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In 1–3 sentences, explain the role of entrepreneurs in the economy.
jenyasd209 [6]

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1) Create Jobs: Entrepreneurs create jobs in the community. When someone opens a new business or expands his new business, he will need human resource to help him to do his works.

2) Wealth Creation: Entrepreneurs pool in their own money and attract investment from lenders, banks and other investors. This mobilizes public wealth.

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A 10 percent three-year wage increase is provided as a 2 percent increase in the first year, 3 percent in the second year, and 5
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Answer:

Back-loaded

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This ultimately implies that, a back-loaded contract allows lower wage adjustment in the first year with a consequent higher increase towards the end of a contract.

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