The level of GDP is the main determinant of the amount of money demanded for transactions.
The income (Y), the expected inflation (π), and the interest price (I) are 3 important primary determinants in a popular money call for characteristic. In principle, cash call for is an incremental characteristic of real profits as normal price range circumstance dictates, and it is the maximum critical variable in money call for characteristic.
In summary, the demand for cash depends on the charge degree, the interest fee, and the actual gross home product. these 3 elements combine to determine the fraction of human beings' wealth that they maintain as coins and checking for shopping and the fraction that they preserve as interest-bearing belongings.
For a given amount of wealth, the solution to this query will depend upon the relative costs and blessings of retaining money versus other property. The demand for money is the connection between the amount of money human beings need to keep and the elements that determine that quantity.
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Answer:
C. Greater specialization and a higher standard of living.
Answer:
are equal to it's domestic production
Explanation:
A country's Gross Domestic Product (GDP) is defined as value of all goods and services produced in a country during a given time. Domestic production refers to those goods and services produced at home for local consumption.
Expenditure refers to the monies expended by all entities namely; household, firms and government on goods and services with a country.
When all the entities involved in generating a country's GDP spend their money towards purchasing goods and services produced in a country, then local producers would have more money to buy materials that will be used for further production. The higher the money spent, the higher the production and vice versa.
The above is a cycle that is repeated each time household, firms and government buys locally produced goods hence expenditure on a nation's domestic production equal to it's domestic production.
Answer:
Explanation:
Price Per Unit for FE = Selling price - Variable price = 260-186 = $74
Price Per Unit for MB = 365.80-269.88 = $95.92
Price Per Unit for WP = 181.40-127.44 = $53.96
Price per Minute for FE = 74/5.20 = $14.23
Price Per Minute for MB = 95.92/7 = $13.70
Price Per Minute for WP = 53.96/4 = $13.49
The least profitable unit per minute is WP ($13.49 per minute) or $53.96 per unit. So the answer is C
Answer:
Informative
Explanation:
It would use <u>informative</u> advertising