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katovenus [111]
3 years ago
15

In an open economy, GDP is $12 trillion this year. Consumption is $8 trillion, and government spending is $2 trillion. Taxes are

$0.5 trillion. Exports are $1 trillion, and imports are $3 trillion. How much is private saving
Business
1 answer:
Allushta [10]3 years ago
5 0

Answer: Private savings is $3.5 trillion

Explanation:

Private saving firstly is the amount that households are left over with after paying their taxes and consumption spending.

therefore we will use the formula private savings = Y-C-T, in which Y is the economies GDP, C is consumption in the economy, T is the Taxes paid by the households to government.

now we substitute these values on the above mentioned formula:

Private savings = $12 trillion - $8trillion -$0.5 trillion

                         =$ 3.5 trillion therefore private savings is $3.5 trillion.

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The consumer price index (CPI) is used to compute inflation.
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If a firm's average total cost decreases as the firm increases its output, the firm's marginal cost must be
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Less than average total Cost

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3 years ago
Directions: Something that is valuable is scarce and give utility. Something that isn't value either doesn't give utility, or it
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Answer:

Scarcity and Utility

I will explain the concepts of scarcity, value, and utility using my laptop and some writing pens.  I have only one laptop available in my family.  I use it 24-hours daily.  I attach so much value (utility) to the laptop because it is only one.  It is very scare in my household.  On the other hand, I have a packet of writing pens.  Pens are relatively not scare in my household.  If my laptop is missing, I will raise uproar in the house.  Everybody present will answer a tedious query.  But, if one of the pens gets missing, I may not even be aware that it is missing.  At the moment, I do not attach much value (utility) to the writing pens because I have many of them presently .  Writing pens are not scare in my household, as I said earlier.

Using these examples, I have demonstrated the concepts of scarcity, utility, and value.

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Therefore, scarcity is defined by the value and the relative availability of a good.  Scarcity is a basic economic problem that shows the gap existing between limited resources and unlimited needs.  Based on the lack experienced with satisfying a need, one has to always choose between alternatives in order to maximize resource allocation and utility.

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Currently, a company has units of safety stock for a product located in warehouses. The company is contemplating expanding to wa
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Answer:

The full question is <em>"Currently, a company has 59,000 units of safety stock for a product located in 9 warehouses. The company is contemplating expanding to 28 warehouses. The company believes that this increased safety stock inventory investment with the new locations will result in an additional $950,000 in revenue due to improved customer service. Assuming that each unit in safety stock inventory costs $4, is the expansion to 28 warehouses a potentially good idea? The proposed plan Y sense for the company because the change in total profit is $. Enter your response rounded to the nearest dollar and include a minus sign if appropriate.)"</em>

<em />

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