Answer:
The GDP for year 1, year 2, and year 3 is $12, $20 and, $30 respectively.
Explanation:
The nominal GDP is the value of goods and services produced in an economy in a year.
Here, the economy produces only chocolate bars. So we can find nominal GDP by calculating the value of chocolate bars produced in each year.
Nominal GDP for year 1
= 
= 
=$12
Nominal GDP for year 2
=
= 
=$20
Nominal GDP for year 3
=
= 
=$30
First, calculate for the effective interest.
ieff = (1 + i/m)^m - 1
Substituting the known values,
ieff = (1 + 0.05/2)^2 - 1
ieff = 0.050625
Then, using the equation,
F = P x (1 + ieff)^n
Substituting,
14,000 = P x (1 + 0.050625)^3
The value of P from the equation is 12072.15612
<em>Answer: $12,072.16</em>
Answer:
The answer is B: The population is all of the children taking skiing or snowboarding lessons
Explanation:
The population of a group is usually a group having something in common. For a research study, the population is always a large collection of people with a feature. From the population, the sample is selected. For example, all patients with mental disorder in a hospital can be the population, while patient with schizophrenia would be the sample. Thus in the example above, the population is all of the children taking skiing or snowboarding lessons.
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
Answer: D. a series of consecutive payments of equal amounts.
Explanation:
An annuity is a financial commodity that provides a fixed amount of payments, paid in equal periods, such as deposits made into savings accounts, monthly home mortgage payments, and monthly insurance payments.
Annuities are meant to be a safe way to secure a steady capital flow during people´s retirement years, as well as to avoid outliving their assets.
