Answer:
The answer is: A) Alternating periods of expanding and contracting economic activity, which are usually illustrated using movements in real GDP.
Explanation:
The stages of a business cycle (also known as economic cycle) are:
- expansion: increase in the production and prices, economic growth
- peak: economic growth hits its maximum rate
- contraction: economic growth slows down and falls (recession), unemployment rises and prices stagnate
- trough: the economy hit its lowest point and starts to grow back again through a new expansion stage
Answer:
$36
Explanation:
share was $60. How much did Renate receive
The sharing ratio was 5 to 3:, Silva would get 5 portions and Renate 3 portions.
in fraction form, Silva would get 5/8 while Renate would get 3/8
If Silva got $60, Renate would get?
5/8 = 60: then 3 /8= 60/5 x 3
=12 x 3
=$36
Answer:
The answer is : 4) The Netherlands has a comparative advantage in raising beef
Explanation:
First, it is clear to see Netherlands has an absolute advantage in raising beef ( 100 tons of beef for Netherlands in comparing to 50 tons of beef of Belgium)
For Netherlands, the opportunity cost to raising 1 ton of beef is 10 boxes of tulips; the opportunity cost to produce 1 box of tulip is 0.1 ton of beef. (1)
For Belgium, the opportunity cost to raising 1 ton of beef is 15 boxes of tulips; the opportunity cost to produce 1 box of tulip is 0.07 ton of beef. (2)
From (1) and (2) => Netherlands has comparative advantages in raising beef while Belgium has comparative advantages in producing boxes of tulips.
Thus, 4 is chosen.
Answer:
Household budget for someone aged 25 to 30 is given below.
Explanation:
Income $1,200
Particulars Budget Amount Actual Expense Difference
House Rent $300 $300 0
Utility Bills $85 $93 -8
Groceries $195 $175 20
Clothing expense $50 $78 -28
Entertainment $20 $55 -35
Laundry $5 $6 -1
Study material $10 $25 -15
A = 9,875 (1 + 0.048/12)^ 12(12)
A = $ 15,547
The amount of interest earned on investment = $ 15,547 - $ 9,875
= $ 7,672
Hope this helps