Answer:
a. A store of wealth
c. A unit of account
e. A medium of exchange
Explanation:
Money has three primary functions which include store of wealth, a unit of account and a medium of exchange. The money acts as medium of exchange to obtain goods or services. Money facilitates to purchase goods or services and measures the value of a certain product or service. Money is tangible in nature but its benefits are sometimes intangible.
Answer:
d) want
Explanation:
In economics, 'wants' represent the goods and services that we desire to have but are not essential for survival. Want is something we long for now or in the future. Wants are diverse in different people, and will vary depending on personality, environment, economic status, age, and many other factors.
People can survive even if their wants are not satisfied. Naturally, human beings have unlimited wants. Unlike needs, 'wants' keep changing with time. The inability to satisfy one's wants leads to disappointments or sadness, while a lack of needs may trigger diseases or even death.
Answer: The gradient of income growth is $12,59,741.59. This means that income must rise by $12,59,741.59 each year.
We follow these steps to arrive at the answer:
<h3><u>1. Calculating the total value of earnings after 15 years</u></h3>
We calculate the Future Value of the investment as follows:
This represents the total of revenues earned over 15 years from the investment.
<h3><u>2.Calculating the gradient</u></h3>
Since income increases linearly over 15 years, we can consider year 3 earnings as the base. Let the income increase in year 4 by x. Since income increases yearly, we can calculate income in each year as follows
Year Revenues
1 0
2 0
3 250000
4 250000 + x
5 250000 + 2x
6 250000 + 3x
7 250000 +4x
8 250000 + 5x
9 250000 + 6x
10 250000 + 7x
11 250000 + 8x
12 250000 + 9x
13 250000 + 10x
14 250000 + 11x
15 <u> 250000 + 12x</u>
Total 32,50,000.00 + 78x
Now we equate the values in steps 1 and above to find 'x' the gradient
Answer:
Professional network
Explanation:
A professional network is a service that focuses on building relationships within an organisations. It helps to develop strong relationships with the colleagues and senior management, that is key for good communication framework. Professional network service does not include personal family relationships.