Answer:
a. The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore. - <u>Government Purchases</u> (G).
The Government purchases/ expenditure portion of GDP includes the expenses by Government on the economy. This expenditure by the Pennsylvania Government will therefore come under here.
b. Simone gets a new refrigerator made in the United States. - <u>Consumption (C)</u>.
Consumption accounts for spending by households and individuals in the economy. Simone lives in the US and buys goods in the US so this is Consumption.
c. Simone's father in Sweden orders a bottle of Vermont maple syrup from the producer's website. - <u>Exports (X)</u>
Exports are goods made in a country which are then sold to consumers outside the country. Simone's father is in Sweden so buying an American product is an export for the United States.
d. Rajiv's employer upgrades all of its computer systems using U.S.-made parts. - <u>Investment (I).</u>
Investment refers to spending by private interests that are aimed to improve capital goods in the economy. Spending on upgrading computer systems therefore falls here.
e. Rajiv buys a sweater made in Guatemala. - <u>Imports (M)</u>
When a person buys a good that is made outside the country, this is an import.
Answer:
$111,991.59
Explanation:
using a loan calculator, I found the following information:
principal $150,000
apr 5.65%
360 monthly payments of $865.85
total payments $311,707.33
total interest charged on the loan $161,707.33
principal $150,000
apr 4%
180 monthly payments of $1,109.53
total payments $199,715.74
total interest charged on the loan $49,715.74
if you choose the 30 year mortgage, you will pay $161,707.33 - $49,715.74 = $111,991.59
Incorporating various types of advertising-related requirements to correct misinformation about materials or potential hazards from various factors is the major strategy the market uses to protect consumers. The process of defending the general public against unethical business activities is known as consumer protection.
Legal provisions for consumer protection are frequently made. These rules are designed to stop companies from using fraud or other specific unfair acts to obtain an edge over rivals or deceive customers. They could also offer more protection to the broader public, even if they are not the intended consumers or producers of the product in question.
To learn more about consumer protection, click here
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Answer:
C) investment is interest-sensitive.
Explanation:
Investment is a function of the real interest rate. In Economics, this is expressed as:
I(r)
Where:
I = Investment
r = Real interest rate (which is equal to nominal interest rate minus expected inflation).
The higher the interest rate, the less is the quantity of investment, and the lower the interest rate, the more investment in an economy.
A change in the money supply affects interest rates. This is essentially the reason why the Fed exists in first place: to target a specific interest rate by increasing or decreasing the money supply.
If the Fed wants to raise the interest rate, it reduces the money supply, and if it wants to lower the interest rate, it increases the money supply.
