Answer:
a. rises but real GDP per person falls
Explanation:
Gross domestic product is the total monetary value of output that is produced by an economy in a given period.
GDP increases as the income increases. This is because people have more money to spend on goods and services.
So if people are retiring they will earn pension that will be spent. This increases productivity of the economy.
However since the number of people working is reducing there will be a reduction in real GDP per person. Only few people are producing and output will be allocated to a large population many of whom are not working.
Answer:
D ; increase growth
Explanation:
The discount rate is one of the tools that the Federal Reserve uses to direct monetary policy. Banks are subject to minimum reserves requirements. If a bank falls below this minimum, it can borrow from the banks with a surplus, or borrow from the federal reserve. If it borrows from the Fed, the interest rate that applies is the discount rate. The discount rate is always higher than the fed fund rate; hence, banks use it as a last resort.
The discount rate and the fed rate have similar effects on the economy. The Fed uses the discount rate to regulate the money supply in the country. When the growth in slow, the fed will reduce the discount rate. A low discount rate means the cost of borrowing money goes down. The impact is that individuals and businesses will afford to borrow money for consumption and investment.
Increased levels of investments and consumption will mean a higher GDP, which is growth.
Answer:
$12
Explanation:
Equilibrium price is price at the point where quantity supplied equals the quantity demanded.
Please check the attached image for a table showing how equilibrium was found
Answer:
For such a report , the sql query required would be:
SELECT emp_id, curr_salary, curr_salary*1.03 AS inc_salary FROM Employee;
Explanation:
For such a report , the sql query required would be:
SELECT emp_id, curr_salary, curr_salary*1.03 AS inc_salary FROM Employee;
In the above sql query employee id is emp_id , curr_salary is the current salary column. "curr_salary*1.03" is been made because an increment of 3% means salary + salary*3% , that is , salary*1.03.
