Answer:
PV $402,264.7261
balance of the mortage
1-y from now $364,445.9041
2-y from now $323,601.5765
3-y from now $279,489.7026
4-y from now $231,848.8788
5-y from now $180,396.7891
6-y from now $124,828.5322
7-y from now $64,814.8148
Explanation:
We sovle for the PV of the annuity of 70,00 during 8 years discounted at 8%
C 70,000.00
time 8
rate 0.08
PV $402,264.7261
To know the value of the outstanding dbet we can repeat this formula changing the values for time
t = 7 $364,445.9041
t = 6 $323,601.5765
t = 5 $279,489.7026
t = 4 $231,848.8788
t = 3 $180,396.7891
t = 2 $124,828.5322
t = 1 $64,814.8148
The demand curve will shift right.
(b.)The supply curve will shift right.
(c.)The demand curve will shift left
(d.)The supply curve will shift right.
(e.)The demand curve will shift left.
The demand curve is a graphical depiction of the connection between the cost of a commodity or service and the amount demanded over a specific time period. A common representation will have the price on the left-hand vertical axis and the amount needed on the right-hand horizontal axis. The law of demand states that, when all other factors are equal, the quantity demanded for a given good will decrease as its price rises as shown by the demand curve moving from left to right. Keep in mind that this formulation suggests that quantity is the dependent variable and price the independent variable. The independent variable often appears on the horizontal axis, or x-axis, although economics is an exception.
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Answer:
The answers are:
- A) Government tax revenue minus the sum of government purchases and transfer payments to households.
- B) a budget surplus
Explanation:
The formula to calculate public saving is (T - G - TR).
- T stands for all the government revenue through taxes and tariffs.
- G stands for all the government spending including purchase of goods and provision of services.
- TR stands for all the government transfers including payments to individuals and households through social programs (including social security).
Budget surplus is the same as public saving.
Answer:
Wages would fall due to an increase in labor costs.
When the workers compensation laws were not there, the employers only had to worry about one labor cost, that of paying their employees. With the introduction of worker's compensation, they then had to get insurance for their employees as well.
This led to an increase in the costs of labor which meant an increase in production costs and a decrease in profitability. To compensate for this, the employers cut wages in order to be able to pay for both the insurance and wages and still pay the same general amounts they were paying as wages such that their production costs don't rise significantly.
