Answer:
$580 billion
Explanation:
Given that
GNP = $600 billion
Receipts of factor income from the rest of the world = $50 billion
Payments of factor income to the rest of the world = $30 billion
So, The computation of the GDP is shown below:
= GNP - Receipts of factor income from the rest of the world + Payments of factor income to the rest of the world
= $600 billion - $50 billion + $30 billion
= $580 billion
Answer:
no they work for what they have and they work there way to where they are because not everyone can wakeup and be a D-1 football player or a singer those things take time, effort, determination to not give up, and etc. So with all this i think they get payed for what they earn becuase not all singers actors and althletes make the same amount of money!
Explanation:
Automatic stabilizers have a similar impact as discretionary fiscal policy but occur automatically, without action by the government. Automatic stabilizers increase aggregate demand during recessions and reduce aggregate demand during expansions.
Answer:
d. the firm has no individual effect on the market price.
Explanation:
Price taker -
It refers to the company or an individual who need to get the prevailing price of the market and have lesser market share , is referred to as price taker .
The price taker does not have the capability to alter the market price , because it does not have enough power to do the same .
A price taker can be any one in the economy , and can freely take entry and exit .
Hence, from the given information of the question,
The correct option is d.
