Answer:
current account balance = $271.8 billion
Explanation:
given data
exported goods worth = $312 billion
exported services worth = $198 billion
imported goods worth = $525 billion
imported services worth = $255 billion
sent famine relief to Africa = $1.2 billion
received = $3 billion
to find out
current account balance in Vesey
solution
we know that current account balance as
current account balance = total expenses - total revenue .............1
here
total expenses are = $525 + $255 + $3 = $783 billion
and total revenue = $312 + $198 +$1.2 = $511.2 billion
so from equation 1
current account balance = $783 billion - $511.2 billion
current account balance = $271.8 billion
If the Fed buys U.S. government securities from banks, the federal funds rate falls and banks' reserves increase.
<h3>Fed's Monetary Policy</h3>
- Price stability and full employment, the Federal Reserve's two legally mandated goals, are necessary to ensure a healthy and expanding economy in the United States.
- In the past, the Fed has achieved this via modifying reserve requirements, conducting open market operations (OMO), and influencing short-term interest rates.
- By acquiring government assets, the Fed helps to boost bank reserves and bring down the federal funds rate. Government securities will be sold by the Fed on the open market.
- The Fed reduces the amount of money in circulation by selling government assets, which raises the federal funds rate.
- OMO has an impact on interest rates as well because when the Fed purchases bonds, prices are pushed up and rates are lowered; conversely, when the Fed sells bonds, prices are pushed down and rates are raised.
To learn more about Fed's Monetary Policy refer to:
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The concentration ratio for Industry M is 52%.
The concentration ratio of industry M can be determined by adding the the ratio of the output to the total output of each of the six firms together.
- Ratio of firm 1's output to total output = 22,987 / 198,400 = 0.11586 = 11.59%
- Ratio of firm 2's output to total output = 21,444 / 198,400 = 0.1081 = 10.81%
- Ratio of firm 3's output to total output = 18,787 / 198,400 = 0.0947 = 9.47%
- Ratio of firm 4's output to total output = 16,454 / 198,400 = 0.0829 = 8.29%
- Ratio of firm 5's output to total output = 12,890 / 198,400 = 0.065 = 6.5%
- Ratio of firm 6's output to total output = 22,987 / 198,400 = 0.0506 = 5.06%
Sum of the percentages = 51.72%
Please find attached a table used to answer the question. A similar question was answered here: brainly.com/question/14903886
Answer:
Relationship selling involves mutual respect and trust among buyers and sellers, and focuses on creating long-term customers, not a one-time sale.
