Answer:
-$100 and -$1,500
Explanation:
The computation is shown below:
As we know that
Total saving = Private saving + public saving
where,
Private saving is
= Y - T - C
= $9,000 - $1,200 - $7,500
= $300
And, public saving is
= T - G
= $1,200 - $1,600
= -$400
So, the total saving is
= $300 - $400
= -$100
And, the value of current account balance is
= GNP - C - I - G
= $9,000 - $7,500 - $1,400 - $1,600
= -$1,500
Independent contractor is a person who is paid by a company to carry out a specific task or job, but not under the direct supervision or control of the company.
Given an incomplete sentence.
We are required to fill the appropriate term to complete sentence.
The person who is paid by the company to carry out a specific task or job but not under the direct supervision or control of the company is called an independent contractor.
Generally a company pays to its employees only but they have to work under the supervision of the company. So there is not any person who belongs to inside the company. So the person who is paid by the company to carry the work but not in its supervsion is of outside the company who is an independent supervisor.
Generally government also appoints contractors in construction work also.
Hence independent contractor is a person who is paid by a company to carry out a specific task or job, but not under the direct supervision or control of the company.
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If the government administration removes a tax on suppliers, this will cause the supply schedule to shift to the right, or in other words, the supply schedule will increase. The more the sellers, supplies increases as well. Supplies won't lack.
