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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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2 years ago
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Answer:

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3 years ago
Although appealing to more refined tastes, art as a collectible has not always performed so profitably. During 2015, an auction
VLD [36.1K]

Answer: -13.35%

Explanation:

Based on the information given in the question, the annual rate of return on this painting will be calculated thus:

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The sales Price formula is given as

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Your company has sales of this year and cost of goods sold of . You forecast sales to increase to next year. Using the percent o
Trava [24]

Complete question :

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Given the following :

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Percentage cost of goods sold for this year:

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= 118,900 * 0.6532019

= $77665.714

= $77666 ( nearest dollar)

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