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Nana76 [90]
4 years ago
15

In 2015, government spending was $3.80 trillion, tax revenue was $4.50 trillion, GDP was $14.12 trillion, and total consumer spe

nding was $10.50 trillion. Instructions: Round your answers to two decimal places and include a negative sign if necessary. a. If the economy has no exports or imports, what was the national savings in 2015? b. How much was public savings? c. How much was private savings?
Business
1 answer:
Vitek1552 [10]4 years ago
8 0

Answer:

$-0.18 trillion

$0.7 trillion

$-0.88 trillion

Explanation:

National savings is the sum of public and private savings.

National Saving = private saving + pubic saving = GDP - Consumption - Government Spending

National savings (in trillion)= $14.12 - $10.50 - $3.80 = $-0.18 trillion

Public savings = Taxes - Government Spending

Pubic savings (in trillions) = $4.5 - $3.8 = $0.7 trillion

Private savings in a closed economy = GDP + Transfer payment - Taxes - Consumption

Private savings (in trillions) = $14.12 - $10.50 - $4.50 = $-0.88 trillion

I hope my answer helps you.

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Albee Township’s fiscal year ends on June 30. Albee uses encumbrance accounting. On April 5, year 1, an approved $1,000 purchase
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Answer:

Encumbrances $1000

Reserved for encumbraces $1000

Explanation:

Encumbrance is in the debit because is the money that we have destined for the purchase and  since we have to get the money from our funds Reserved for encumbrances is in the credit.

5 0
3 years ago
A company is currently selling 10,000 units of product monthly for $40 per unit. The unit contribution margin is $27. The compan
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Answer:

The company should accept the idea because profit will increase by $24,000.

Explanation:

A company is currently selling 10,000 units of product monthly for $40 per unit.

The unit contribution margin is $27.

The company believes that spending $50,000 per month on advertising will allow them to increase the selling price to $45 and that sales will increase by 750 units per month.

The unit contribution margin is the difference between selling price and variable cost per unit.

An increase in the selling price of $5 will cause the contribution margin to increase by $5, from $27 to $32.

Profits is the product of contribution margin and number of output.

At initial price, the profit was

= 10,000\ \times\ \$ 27

= $270,000

At the new price the profit will be

= 10,750\ \times\ \$ 32  - $50,000

= $344,000 - $50,000

= $294,000

The increase in profit

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= $24,000

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3 years ago
To avoid libel charges, a journalist who is writing about a local government scandal should 
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6 0
3 years ago
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Suppose that two factors have been identified for the U.S. economy: the growth rate of industrial production, IP, and the inflat
Delicious77 [7]

Answer:

11.3%

Explanation:

Given that,

Growth rate of industrial production, IP = 4%

Inflation rate, IR = 3.0%

Beta = 1.1 on IP

Beta = 0.5 on IR

Rate of return = 7%

Before the changes in industrial production and inflation rate:

Rate of return = α + (Beta on IP) + (Beta on IR)

7% = α + (1.1 × 4%) + (0.5 × 3%)

7% = α + 4.4% + 1.5%

7% - 4.4% - 1.5% = α

1.1% = α

With the changes:

Rate of return:

= α + (Beta on IP) + (Beta on IR)

= 1.1% + (1.1 × 7%) + (0.5 × 5%)

= 1.1% + 7.7% + 2.5%

= 11.3%

Therefore, the revised estimate of the expected rate of return on the stock is 11.3%.

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3 years ago
Sebastian plans to open a restaurant but he is unsure about how to attract customers. He hires a consumer researcher to analyze
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Answer:

The correct answer is c. ethnicity

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Ethnicity is first and foremost a form of identification, an identification of one with what oneself and others understand to be their ethnic or ethnic group. Ethnicity denotes a relationship or feeling of belonging. Regarding the term of identification, ethnicity and ethnicity are classifying concepts. The classification is based on very different criteria or "ethnic markers": cultural, linguistic, religious ascriptions, racial traits, common origin, shared activities, etc.

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