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3 years ago

Which position has the duty to examine the cost implications of a proposed bill?

1 answer:

3 0

Office of Management and Budget examines the cost of a bill. A proposed bill is given a cost forecast, and they conduct in-depth analysis while also ensuring the bill is legal. The Office of Management and Budget is also responsible for budget proposals.

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Notice that real GDP trends upward over time but experiences ups and downs in the short run. A period of declining real GDP, suc

Murljashka [212]

The answer to this question is the choice 'a recession'. The period of decline in real GDP and other factors in the economy such as the blue-shaded period in 1948 is called a recession.

6 0

3 years ago

You have decided to refinance your mortgage. You plan to borrow whatever is outstanding on your current mortgage. The current mo

Maslowich

Answer:

Mortgage liaiblity today: 424.092,31‬

Explanation:

We need to solve for mortage principal then;

how much do we amortize during four years and eight months old.

Last, decrease from the principal to know the current mortgage liability:

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 3,120

time 360 (30 years x 12 months per year)

rate 0.00625

$3120 \times \frac{1-(1+0.00625)^{-360} }{0.00625} = PV\\$

PV $446,214.9972

Interest at first period:

446,215 x 0.00625 = 2.788,84

Amortization at first period:

3120 - 2,788.84 = 331.16

Total Amount amortized: will be the future value of the annuity of this first depreication during the life of the mortgage

$C \times \frac{(1+r)^{time} -1}{rate} = FV\\$

C 331

time 56

rate 0.00625

$331.16 \times \frac{(1+0.00625)^{56} -1}{0.00625} = FV\\$

Total Amortized: $22,122.6919

Mortgage liaiblity today:

446,215 - 22,122.69 = 424.092,31‬

4 0

2 years ago

Carly deposited $800 in an account that earns 6% compounded annually. Lara deposited $800 in an account that earns 6% simple int

LiRa [457]

Answer:

Carly will have $1,433 in her account at the end of 10 years.

Lara will have $1,280 in her account at the end of 10 years.

Explanation:

Simpe interest pays the simple trust on the principal amount. There is no reinvestment of interest.

In compounded Interest the Interest earned from the investment is reinvested and again interest on principal and interest amount reinvested is earned.

Carly Deposit balance

Principal amount = $800

Blance after 10 years = $800 ( 1+ 6% )^10 = $800 x 1.791 = $1,433

Lara Deposit balance

Principal amount = $800

Amount of Interest for 10 years = 800 x 6% x 10 = $480

Blance after 10 years = $800 + $480 = $1,280

7 0

3 years ago

Peter's Pans sells cooking pans for $30 each. The company

viktelen [127]

The value of the VMP are 600, 570, 540, 510, 480, 450. The total workers to be hired are 4 workers because MRL > wage.

<h3>How to solve for the VMP</h3>

= MP * selling price

20 * 30 = 600
19 * 30 = 570
18 * 30 = 540
17 * 30 = 510
16 * 30 = 480
15 * 30 = 450

This has been computed in the excel file that I have attached to the question.

2. A competitive firm is going to have to hire when the wage is equal to MRPL or MRPL is greater than the wage

based on this the labor of the firm would be at 4 units.

3. Four workers are going to be hired based on the fact that the marginal revenue of the added labor is more than the wage that was paid for the work done.