1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Sonja [21]
3 years ago
7

Suppose that GDP is $10,000, Consumption is $6,000, and Government spending is $1,500 with a deficit of $200. (Assume net export

s are zero) What is the level of private saving in this economy
Business
1 answer:
Marta_Voda [28]3 years ago
8 0

Answer:

private saving = $2700

Explanation:

given data

GDP = $10,000

Consumption = $6,000

Government spending = $1,500

deficit = $200

solution

we know here equation of GDP that is express as

GDP = Consumption + investment + Government spending   ...................1

we consider here tax revenue that is = T

T - Government spending = - deficit

T = Government spending - deficit

T = $1500 - $200

T = $1300

so we can say from equation 1

( GDP - Consumption - T ) + ( T - Government spending ) = investment

and investment = private saving + public saving

so private saving will be

private saving = GDP - Consumption - tax revenue  ................2

private saving = $10000 - $6000 - $1300

private saving = $2700

You might be interested in
Internal controls that should be applied when a business takes a physical count of inventory should include all of the following
irina1246 [14]

Answer:

e) Counters of inventory should be those who are responsible for the inventory.

Explanation:

Having different people do the physical counting of inventory guarantees the integrity of the count. The staff in charge of inventory are probably aware of any variances as they conduct regular checks. Having different people count eliminates the possibility of number manipulation by the staff responsible for the stock.

Before a stock count, all operations should be halted. Items received during the stock count should be separated and not counted. There should be a document giving instructions to staff to ensure consistency.

As a measure of internal control, all stocks should be identified with a numbered tag. The supervisor should ensure proper tagging has been done. Where possible, counters will be organized in teams of two so that each item goes through two counts. Assign groups to count items which are not in their direct responsibility. Should there be a variance, a separate team should be allowed to counter check.

8 0
3 years ago
Mike, an advocate of a certain religion, publishes an article in New Times magazine insisting that Congress base all federal law
egoroff_w [7]

Answer:

<u>Press, Speech & Religion </u>

Explanation:

As per The First Amendment, the Congress had been prohibited to make any such laws which restrict an individual's freedom of speech, curtail the freedom of press or those which in any form promote or curb any religion.

In the given case, Mike, an advocate, supports a certain religion and went on to publish an article in a magazine, expressing his views and insisting upon Congress to base Federal Laws as per the principles of his religion.

The First amendment guarantees Mike, the freedom of speech i.e expression, freedom to practice the religion of his choice and the freedom of press i.e the freedom to publish an article expressing his views in a magazine.

5 0
3 years ago
The inductive approach to writing a business argument Multiple Choice
kotykmax [81]

Answer:

The correct answer is 2. provides the supporting reasons before the primary message.

Explanation:

7 0
3 years ago
"Holly, Inc. is a U.S.-based MNC contemplating the acquisition of a Thai firm which will be used to produce computers that will
olga55 [171]

Answer:

Holly; more

Explanation:

In this secanrio we have two firm Holly Inc and Molly inc. Holly inc is interested in acquiring a company in Thailand that produces computers and sells them within Thailand.

Molly Inc on the other hand wants to acquire a Thailand company that will produce computers and export them.

Holly Inc is more sensitive to the economic conditions of Thailand because they want to contribute to the country's GDP and growth by selling computers in Thailand.

Molly Inc however is using Thailand for its production and exporting the computers. It does not contribute to the Thailand economy.

5 0
3 years ago
Identify two benefits of drawing up a business plan.
VashaNatasha [74]

Answer:

Here are four benefits of a business plan:

You can get outside funding. To get funding from lenders or investors, you need to show a business plan. ...

You gain an understanding of your market. ...

You focus your strategies. ...

You can check the financial numbers.

Explanation:

5 0
2 years ago
Other questions:
  • What is product market?
    5·1 answer
  • Which of the following accounts would be closed at the end of the year using the perpetual inventory​ system? A. Accounts Payabl
    7·1 answer
  • Entrepreneurs are willing to take risks becausea. technology provides a way to sidestep the patent and copyright system.b. the p
    8·1 answer
  • Children with visual impairments tend to be more______ in social environments
    12·1 answer
  • Supplies for office use were purchased during the year for $580, of which $140 remained on hand (unused) at year-end. Interest o
    12·1 answer
  • When two or more people share an account it is called a joint account. True or false
    5·1 answer
  • Parker Company’s balance reflected Estimated Warranty Payable of $2,000 credit at the end of 2018, the current year. During 2019
    6·1 answer
  • When a business establishes a web-site and begins to allow customers to place orders online without ever coming into their store
    5·1 answer
  • One of the most important applications of ratio analysis is to compare a company's performance with that of other players in the
    12·1 answer
  • Someone who likes building, designing, or creating things probably has a(n) _____. A. Naturalistic learning styles b. Bodily/kin
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!