Answer: Economics studies the behaviour of human beings when there is scarcity and choices have to be made.
Explanation:
Economics is a social science i.e study of human behavior in relation to the manufacturing, distribution and consumption of products. Economics focal point is the interaction and behaviour of economic agents (households, firms and governments) and how economies work.
Economics is divided into microeconomics and macroeconomics. Microeconomics deals with the small elements in the economy such as interaction of markets and prices of certain products. Macroeconomics deals with the whole economy and issues discussed include unemployment, economic growth, inflation etc.
After a car is purchased at $43000 and looses 25% worth every year then the car will be worth $9200 or less after four(4) years.
What does Purchase mean?
Purchase is a term used to refer to the acquisition of goods or services in exchange for money. It is a common business transaction and can involve buying something outright or entering into an agreement to pay for it over time.
What does Services mean?
Services is a broad term that refers to any type of work or activity performed to meet the needs of a customer. Services can range from professional services like accounting or consulting to tangible products like food or clothing. Services are typically intangible in the sense that they cannot be touched, felt, or seen, but the benefits they provide are very real.
As per the price of the car which is $43,000 and it looses 25% each year which is $10750. From this we come to know that the car will be worth of $9200 or less within 4 years.
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Answer:
Explanation:
The market value of debt is the present value of all future cash flows in servicing the debt.
we need to identify the present value of the future cash flows as follows
Year no of receipts Cash flow Discount factor present value
1-7 7 70 5.1185 358.296
7 1 1000 0.5649 564.926
Present Value 923.222
Annuity= P=R(1+(1+i )^-n) /i
Annuity= P=70(1+(1+8.5%)^-7/8.5% = 5.1185
Compound = S=P(1+i)
Compound =P=1000/(1+8.5%)^7 = 0.5649
the value of the bond is = 923.222
Answer:
The correct answer is the letter d. Advances in the technical knowledge used in production.
Explanation:
Technology is an important variable in economic growth models, having a positive effect on the production process. Technological progress occurs when technology increases over time, and its effect is on worker productivity. That is, technological advancement enables work to become more productive, culminating in sustainable per capita gross domestic product growth.
