This statement is false. The demand for money is higher in Japan than in the United States because the average price level is lower in Japan.
Answer:
Net income -$39,713
Explanation:
The computation of the net income is shown below:
Sales $174,442 {6,200 × (1 - 2%) × $29 × (1 - 1%)}
Less:
Variable cost $68,841 {6,200 × (1 - 2%) × $11 × (1 + 3%)}
Fixed cost $87,870 {$87,000 × (1 + 1%)}
Depreciation expense $68,000
Earning before interest and taxes - $50,269
Less: Income tax expense at 21% -$10,557
Net income -$39,713
We simply deduct all the expenses from the sales revenue so that the net income could come
Answer:
B. GDP
Explanation:
The Gross Domestic Product is the total value of everything that a nation can produce.It includes the personal consumption expenditures added to the business investments plus government spending plus exports minus imports.This will measure the nation's overall economic activities.When the value of GDP is high, the economy is stable with more job opportunities for its people.
Answer:
Marketplace, advancements in technology, and investments
Explanation:
Various factors are involved which make a local economy different such as marketplace, advancement in technology and investment. These three are the most important and critical factors which distinguish local economies from the global or international market. The above three factors are important for economic growth and can take an economy from a developing to a developed economy.
The only answer that seems to make sense is to reduce tariffs on imports but this only makes sense if it doesn't adversely affect local producers ie that it is on items which are not locally produced so as not to compete with the former items but to encourage cheaper goods for sale to assist consumers.
