Answer: The World Bank aims to improve living standards
Explanation:
According to this excerpt, one major way that the World Bank differs from a regular bank is that The World Bank aims to improve living standards.
Unlike the other banks such as commercial banks that give out loans or help customers keep valuables, the World Bank is a source of financial and technical assistance to developing countries around the world. They seek to improve the living standards of the people and bring about economic growth.
Answer:
The correct answer is D.
Explanation:
Giving the following information:
Total Cost Production (units)
April $119,400 281,300
May 92,000 162,800
June 99,000 238,000
<u>To calculate the variable cost per unit and the total fixed cost, we need to use the following formula:</u>
Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)
Variable cost per unit= (119,400 - 92,000) / (281,300 - 162,800)
Variable cost per unit= $0.231
Fixed costs= Highest activity cost - (Variable cost per unit * HAU)
Fixed costs= 119,400 - (0.231*281,300)
Fixed costs= $54,701
Answer:
C. when the aggregate expenditure line intersects the 45o line at a level of GDP below potential GDP
Explanation:
When this occurs the economy is in recession, when the line intersects above the potential GDP then, the economy is also en recession.
The economy will enter in recession also, if the level of demanded expenditures excees the level of the level of output. Once the shelves are empied, the business can consider to increase output or prices to met hte demand.
Answer:
Explanation:
Price of car = $19300
Down payment = $3000
Loan. Amount = $16300
Number of years = 4
Rate = 10%
1. What is the total interest on Richard's loan?
Simple interest = PRT/100
where p = principal = 16300
R = rate = 10%
T = Time = 4 years
Simple interest= (16300 × 10 × 4)/100
= $6520
2. What is the total cost of the car?
Total cost = Price + Interest
= 19300 + 6520
= $25820
3. What is the monthly payment?
This will be calculated as:
= (Loan amount + Interest)/Number of months
= (16300 + 6520)/4 years
= (16300 + 6520)/48
= 22820/48
= $475.41667
4. What is the annual percentage rate (APR)?
APR = (2×n×l)/P(N+1)
where,
n = number of payments period in a year.
I = Interest
P= Loan amount
N = Total number of payments
APR = (2×12×6520)/16300(48+1)
= 156480/16300(49)
= 156480/798700
= 0.1959
= 19.59%