Answer:
$270 million; $220 million; $50 million
Explanation:
Given that,
GDP = $ 1260.00 million
T = $ 320.00 million
C = $ 720.00 million
G = $ 270.00
Formula for calculating GDP by expenditure method is as follows:
GDP = Consumption + Investment spending + Government spending
$1,260 = $720 + Investment spending + $270
$1,260 = $990 + Investment spending
$1,260 - $990 = Investment spending
$270 million = Investment spending
Private savings refers to the savings of the households. It is calculated by subtracting the taxes and consumption spending from the income level.
Private savings:
= GDP - Taxes - Consumption spending
= $1,260 - $320 - $720
= $220 million
Public savings refers to the savings done by the government. Public savings is calculated by subtracting the government expenditure from the taxes.
Public savings = Taxes - Government spending
= $320 - $270
= $50 million
Therefore, a positive public savings indicates that there is a budget surplus.
A skill you will use in your writing, way of thinking, evaluating conversations, and in daily encounters with others is communication skill.
Communication is the act of transferring information from one place to another. It can be done vocally i.e by using voice, written by using printed or digital media such as books, magazines, websites and emails, visually by using logos, maps, charts or graphs or can be non-verbally by using body language, gestures and the tone and pitch of voice.
Communication skills may take a lifetime to master in it. There are many things that you can do easily to improve your communication skills and ensure that you are able to transmit and receive information effectively.
To know more about communication skills here:
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Answer:
Innovation for new products occurs which keeps firms competitively challenged
Explanation:
Free trade can be regarded as a
theoretical policy , that governments use when there is no imposition of
tariffs/taxes, as well as duties on imports as well as exports.
free trade can be regarded as the opposite of protectionism. It should be noted that One advantage of free trade is Innovation for new products occurs which keeps firms competitively
It has significantly decreased
