Answer:
$1,000
Explanation:
Donna purchased series of savings bond for $2,500 at the age of 25
This year Donna redeemed the bond of $5,000
She paid $3,000 as expenses for her daughter education
The first step is the calculate the interest income
= $3,000/$5,000 × $2,500
= 0.6 × $2500
= $1,500
Therefore the interest that will be required by Donna to include in her gross income this year can be calculated as follows
= $2,500-$1,500
= $1,000
Hence Donna is required to include an interest of $1,000 in her gross income this year
In the second half of 2019, automobile sales in the United States were lower than they were in the second half of 2018. The decrease in auto sales impacts GDP because new automobiles are counted as <u>consumption </u>when purchased by households and <u>investment</u> when purchased by businesses.
Gross domestic product (GDP) is the overall monetary or market value of all of the goods and services produced within a country's borders in a particular time period.
GDP can be calculated by adding up all of the money spent by consumers, businesses, and the government in a given period. It may also be calculated by adding up all of the money received by all the participants in the economy.
learn more about Gross domestic product (GDP) here
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Answer:
B. To influence consumers to purchase
Explanation:
I'm not sure, but I think that it is D. Lawyer
Answer:
D. Is fixed by the central bank
Explanation:
The theory of liquidity preference explains that people don't demand for money due to borrowing but rather because of the innate desire to hold money. The theory was developed by the father of Macroeconomics, John Maynard Keynes. He pointed out to interest rate being the price of money. According to him, there are 3 motives for holding money which are transactionary, precautionary and speculatory and that the supply of real money balances is fixed.
