<span>This is the drive cycle. This typically simulates the driving of a vehicle on freeway conditions as a way of testing the readiness of the engine. Any issues that may take place during this test usually bring about a check engine light or some similar message that instructs the user to have the car serviced.</span>
Comparative advantage<span> refers to the ability of a party to produce a particular good or service at a lower opportunity cost than another.Hope you like:)</span><span>
</span>
Answer:
45%
Explanation:
The market for good x is initially in equilibrium at $5. the government then places a per-unit tax on good x, as shown by the shift of s1 to s2.
As a result of the shift in the supply curve a new equilibrium price is established at $6.25
That implies that the share of the burden that consumers will bear is $1.25 (which represents 55% portion of the tax) - the difference between the previous and new equilibrium prices.
The other 45% portion of the tax will be borne by the producers
Answer:
1) Household consumption, which accounts for about <u>68%*</u> of the economy, grew at a 4.2% annualized rate during the second quarter of 2016.
*Data obtained from federal government sources.
2) Since household/consumer spending (consumption) represents almost 70% of the nation's GDP, any change will cause a major change in the total GDP. E.g. if consumption increases by 5%, then the whole economy will grow by 5% x 68% = 3.4%.
