Lilliput's net exports are ($244 billion). Therefore, Lilliput is running a trade deficit of $244 billion.
A trade surplus implies that Lilliput's exports are greater in value than its imports. A situation of <em>"neither a trade deficit nor a trade surplus"</em> exists when the exports are equal in value to the country's imports.
Data and Calculations:
Lilliput's exports = $205 billion
Lilliput's imports = $449 billion
Net exports for Lilliput = ($244 billion)
Thus, Lilliput is running a trade deficit of $244 billion because its imports <em>are worth more than its </em><em>exports.</em>
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<span>The Panic of 1819 was the result of over-speculation on newly available western lands, which led to high prices on land and banks foreclosing on western lands. It caused an international financial crisis.</span>
Answer:
To determine the current equivalent cost of a construction built in 1980 whose cost was $ 2.7 million, we must establish the relationship between the price index for that year, comparing it with that of the current year.
Taking into account that the average cost index for 1980 was 1941, and that said value is currently 3620, we can note that there was a significant increase in costs. Since 3620/1941 = 1.86, to determine the current cost of construction we must multiply its cost by 1.86.
So, since 2.7 x 1.86 = 5.022, we can establish that the equivalent cost at current prices of said building would have been $ 5,022,000.
Its b
Explain:
The reason it’s because the government collects taxes which are considered leakages
Answer:
double declining balance method
Explanation:
Depreciation is an accounting tool to allocate the cost of a long-term asset over time. The reasoning behind is the matching principle. If we associate the entire purchase value at the very first moment, then, one accounting period is taking a hit for an asset that will be use over several accounting periods.
The double declining method applies a rate twice as the straight-line method.
This is applied at the carrying value of the assets (book value) every year for each year of useful life.
