Answer:
<em><u>Economic Growth</u></em>
Explanation:
<em>Economic Growth</em><em>-</em><em> </em><em>an increase in an economy's production capacity or potential GDP</em><em>.</em><em> </em><em>T</em><em>he </em><em>rate </em><em>of </em><em>economic </em><em>growth</em><em> </em><em>is </em><em>the </em><em>key </em><em>determinant </em><em>of.</em><em> </em><em>changes</em><em> </em><em>in </em><em>a </em><em>society's </em><em>standard</em><em> </em><em>of </em><em>living </em><em>–</em><em> </em><em>which </em><em>a </em><em>commonly</em><em> </em><em>measured </em><em>using </em><em>real</em><em> </em><em>GDP </em><em>per </em><em>Capita</em><em>.</em>
Answer:
Europe: 50% Japan 50%
Europe: 40% Japan 60%
Europe: 60% Japan 40%
None of these values is consistent with this increase
Explanation:
Answer:
$551,074
Explanation:
Sales revenue
Worst case
Budget sales = 2300 units
Estimated sales price = $750
Sales unit = (100%-4%*2300)
2208 units
Sales price = (100%-6%*750)= 705
Sales revenue =2208*705 =$1,656,000
b) Operating cash flow at worst case sales revenue
Variable cost - $260 *(100%-5%)
=$247
Total variable cost = $247* 2208= $545,376
Fixed cost = $589000*(100%-5%)
$559550
Operating cash flow = (1656000-545376-559550) =551,074
A strength of the market economy is that resources are used efficiently.
<h3>What is a market economy?</h3>
- A market economy is an economic system in which all suppliers and consumers are unhindered by price controls or restrictions on contract freedom and where decisions regarding investment, production, and distribution to consumers are guided by the price signals created by the forces of supply and demand.
- The existence of factor markets that control the distribution of capital and the elements of production is a key feature of a market economy.
<h3>What are a market economy's four characteristics?</h3>
- A market economy is characterized by private property, freedom, self-interest, competition, and minimal government involvement.
- In a market economy, supply and demand are the driving forces.
Learn more about the market economy here:
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Answer:
The Today's value of payment occurred for 20 years is $72,039.
Explanation:
Payment of fixed amount for a fixed period of time is called annuity. Present value of annuity will be calculated as follow
PV of annuity = P x [ ( 1- ( 1 + r )^-n ) / r ]
According to given data
P = monthly payment = $6,800 every year
r = interest rate = 7%
n = number of period = 20 years = 20 periods
PV of annuity = $6,800 x [ ( 1- ( 1 + 0.07 )^-20 ) / 0.07 ]
PV of annuity = $72,039.30
