Answer:
Option (D) is correct.
Explanation:
When the government sets the price of a particular good above the equilibrium level is known as the binding price floor. But this will lead to an increase in the price level or we can say that will lead to an inflation. Hence, there is a fall in the purchasing power of the consumers and therefore, fall in the demand of goods.
So, this would create a surplus of goods due to the unsold quantity of goods.
There is nothing following lol
Answer:
Equivalent units for the month = 18,720
Explanation:
Provided that
Opening units of work in process = 3,080 units
Which are 100% complete to materials as the materials are added fully initially.
Completed and transferred during the period = 19,400
Since not provided assumed these are added during the period, and includes opening work in process.
Closing Work in process = 2,400 units.
For the period equivalent units = During the month + Closing - Opening
= 19,400 + 2,400 - 3,080 = 18,720 units
Answer:
Consumption ( C ) = $325 million
Explanation:
Given:
GDP = $900 million:
Government Purchases ( G ) = $250 million
Taxes minus Transfer Payments ( T ) = $325 million
Investment ( I ) = $275 million
Find:
Consumption ( C )
Computation:
GDP = C + I + G
$900 million = Consumption ( C ) + $250 million + $325 million
Consumption ( C ) = $900 million - [$250 million + $325 million]
Consumption ( C ) = $325 million
