Answer:
$1,500
Explanation:
Domestic investment = $1500 billion
Private domestic savings = $3000 billion
Government deficit = $2000 billion
Rise in government spending = $1000 billion
Now,
Trade deficit =
Domestic investment - Private domestic saving - Government savings
also,
Total Government deficits = $2,000 + $1000
= $3,000
and,
Government savings = - Government deficits
= - $3,000
Now we know government deficit is 3000 billion and if spending increases further 1000 billion, the government deficit will be 4000 billion
thus,
Trade deficit = $1,500 - $3,000 - (- $3,000)
or
= $1,500
1. Because only 25% of the foreign investment went from MDCs to LDCs.
2. Money is not invested evenly among LDCs (most money went to China).
Answer:
Tariff
Explanation:
A Tariff is otherwise known as an import duties, it is the taxes imposed on goods that come from other countries into a particular country. Tariff is imposed for so many reasons one of which is to protect local industries of the country i.e enabling local industries in the country to have profitability in their business and eliminating competitions from foreign organisation.
By imposing tariff, the rate of goods imported into a country will be reduced and this will encourage local production of goods and discourage importation.
The answer to the first blank space is the follow-up step of production control, while the answer to the second blank space is the corrective step of production control.
In the follow-up step of production control, the supervisor or in this case, Helen, checks both the quantity and quality of the output produced by her work team and compared it to the expected work targets that her team is supposed to achieved – when identifying the gap that exists, she has engaged in this step of the process.
The actions that took place in the corrective step is when she realizes that her team lacks the skills needed to produce the expected work quality, thus she decided to make her team undergoes formal training.
