Answer:
The correct answer is (B)
Explanation:
Gross domestic product is the economic value of goods and commodities produced within the country in a specific period. GDP per capita is calculated by dividing GDP by the total number of population. In 1950 the GDP of American was 6000$, and in 2013 it was 48000$.
6000$ * 8 =48000$
An average American could buy 8 times more than the average American in 1950.
$60, because 4 percent of 300 is 12, and 12*5 years is $60 earned through interest.
The answer is 60.
Welfare payments are usually made in cash equivalents that can be used be the recipient for a variety of goods and services. Consumer subsidies are used for one thing, such as food.
Answer:A) Current Consumption
Explanation:
When consumption reduces there is more to reserve for future but if consumption increases then the future generation's consumption is at stake because level of savings will reduce in the current generation.