Answer:
d. $6,610 billion.
Explanation:
Gross Domestic Product = C + I + G + X - M
Gross Domestic Product = Personal Consumption Expenditures + Gross Private Domestic Investment + Government Spending + Exports - Imports
Gross Domestic Product = $4,750 + $900 + $1,400 + $810 - $850
Gross Domestic Product = $7,010
Net Domestic Product = GDP - Depreciation
Net Domestic Product = $7,010 - $450
Net Domestic Product = $6,560
National Income = $6,560
Personal Income = National Income + Transfer Payments - Social Security Taxes - Corporate Profits
Personal Income = $6,560 + $700 - $600 - $50
Personal Income = $6,610 billion
Answer:
Normative statement
Explanation:
A normative comment makes a conclusion on meaning. Such a decision is the presenter's viewpoint; nobody can "confirm" whether or not the comment is true. Since individuals have different principles, ethical pronouncements also create discord.
An economist whose beliefs allow him to claim that we ought to provide more help to the needy will compete with one whose ideals contribute to a determination that we ought not.
It is not uncommon for people to present an argument as constructive, to render it more compelling for an audience when it already has negative elements. Sources of this are opinion pieces in magazines or on other outlets. That is why it is critical that we can distinguish among constructive and negative statements.
Answer:
The answer is: Both statements are correct
Explanation:
Only the NYSE has a physical trading floor which s located on the famous Wall Street in New York. Nasdaq trades only electronically.
Some firms that qualify for trading at the NYSE (they meet the listing requirements of the NYSE), choose to trade at Nasdaq.
The main difference between the NYSE and Nasdaq is that NYSE is an auction market (individuals can trade between each other on an auction basis) while Nasdaq is a dealer's market (participants trade through dealers).
Answer:
$45,195
Explanation:
we need to calculate the present value of the annuities:
first we must determine the PV (in 3 years) of the 24 $500 payments:
PV = payment x annuity factor (PV annuity, 1%, 24 periods) = $500 x 21.243 = $10,621.50
now we need to calculate the PV of $10,621.50:
PV = $10,621.50 / (1 + 12%)³ = $7560.17
finally we must calculate the PV of the 36 initial $1,250 payments:
PV = payment x annuity factor (PV annuity, 1%, 36 periods) = $1,250 x 30.108 = $37,635
The bank should lend her $7,560 + $37,635 = $45,195
Answer: A. Controlling inflation
Explanation: It controls inflation to avoid a recession.
