It would be overdraw because you’re gonna take money out of your bank account etc.
Answer:
Potential GDP is:
C. Is the maximum output firms are capable of producing.
Explanation:
Potential gross domestic product (GDP) is defined in the OECD's Economic Outlook publication as the level of output that an economy can produce at a constant inflation rate. Potential output occurs when an economy produces what it can using all of its resources. These resources include technology, equipment, natural resources, and employees. Potential output can also be looked at in terms of supply and demand.
Although an economy can temporarily produce more than its potential level of output, that comes at the cost of rising inflation.
The changes in potential GDP are caused by the increase in quantity of physical or human capital So the larger quantity of physical capital and human capital, the greater is potential GDP.
The difference between actual and potential GDP is that potential GDP is the level of production of goods and services that the economy is capable of if its workforce is fully employed and its capital stock is fully utilized. Actual GDP is the actual output of goods and services. Real potential GDP is the CBO's estimate of the output the economy would produce with a high rate of use of its capital and labor resources. The data is adjusted to remove the effects of inflation.
Answer: Net income of $50
Explanation:
- net income is the sum of a business's cost of goods sold, expenses, interest, taxes, depreciation, and amortization subtracted from total revenue
- net loss occurs when the sum of total expenses is greater than the total revenue generated by the company or business
Can be calculated by adding expenses and subtracting them from total revenue:
Total Expenses ($)
$1750 = Total expenses
$1800 > $1750
- As a result of the revenue being greater than expenses the company will experience a net income
Subtract total expenses from total revenue:
= Net income
$50 = Net income
A monopoly expresses a market situation where one company owns all the market share and can control prices and output.
<h3> What are some instances of a monopoly?</h3>
A monopoly is a company who is the sole seller of its product, and where there are no comparable substitutes. An unregulated monopoly has market control and can influence prices. Examples: Microsoft and Windows, DeBeers and diamonds, your local crude gas company.
<h3>What forces monopoly?</h3>
Monopolies can occur when one business owns a key resource. These are typically physical resources, such as diamonds. For example, if there is only one diamond abundance in the country, the business that owns it will be able to gain a monopoly.
To learn more about monopoly, refer
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