1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Elina [12.6K]
2 years ago
8

In an open economy the GDP is $12 trillion this year. Consumption is $8 trillion, and government spending is $2 trillion. Taxes

are $0.5 trillion. Exports are $1 trillion, and imports are $3 trillion.4.(Scenario: Open Economy S = I) What is the government budget balance?
A)a surplus of $1.5 trillion
B)a deficit of $1.5 trillion
C)a deficit of $0.5 trilli
Business
1 answer:
DedPeter [7]2 years ago
6 0

Answer:

B)a deficit of $1.5 trillion

Explanation:

The computation of the government budget balance is shown below:

= Taxes - government spending

= $0.5 trillion - $2 trillion

= $1.5 trillion deficit

For computing the government budget balance, we deduct the government spending from the taxes so that the correct amount can come

All other information which is given is not relevant. Hence, ignored it

You might be interested in
James is an agreeable and emotionally stable person. A _______ , he inspires his employees to believe in the changes he wants to
N76 [4]

Answer:

transformational leader

6 0
3 years ago
If for a given individual, between a wage rate of $20 and $25 the ____________________ effect outweighs the ________________ eff
lakkis [162]

Answer:

Substitution Effect outweighs Income Effect ; Labour Supply Curve between wages will be upward sloping. OR :-

Income Effect outweighs Substitution Effect ; Labour Supply Curve between wages will be backward bending

Explanation:

Relationship between wage rate & labour supply can be explained by two effects :

  • Substitution Effect : Higher wage means more opportunity cost of leisure, so labourer would substitute leisure by working hours. This would imply increased labour supply.
  • Income Effect : Higher wage means more income. At higher income, consumer demands more of all goods, including leisure. So that would imply labourer preferring more leisure, decreased labour supply.

Wage rate change from $20 to $25 is a case of wage rate increase

If substitution effect > income effect, labour supply would increase as a result of wage rise ( from $20 to $25). So, the labour supply curve would be upward sloping

If income effect > substitution effect, labour supply would decrease as a result of wage rise ( from $20 to $25). So, the labour supply curve would be backward bending

5 0
3 years ago
Based on the information in the table, which BEST explains the relationship between Country A and Country B?
Ivan

Answer:

Im going with b because i cant see the picture

Explanation:

8 0
3 years ago
A and B have a written contract whereby A agrees to sell B a plot of land for $100,000. Later, without terminating the first con
AnnZ [28]

Answer:

B) Is not a contract because there is no consideration for B's promise.

Explanation:

In contract law, consideration is the benefit that must be bargained for between the parties involved. It is the essential reason for the parties entering a contact. Consideration must have some value and is exchanged on the performance or promise from the other party.

Common law rules on contract modifications require some new consideration in order  to modify an existing contract. In this case, only B added some new consideration (more money) to the written contract, A didn't add anything new.

3 0
3 years ago
What happens when the Federal Reserve puts money into the banking system
Anton [14]
When the Federal Reserve puts money into the banking system,<em> short term interest rates fall</em> <span>because there is more capital in the system. This means that  banks are willing to take more risks. 

>>></span><span>The </span>Federal Reserve<span> System‍—‌also termed as the </span>Federal Reserve<span> or the Fed‍—‌is the central banking system of the United States. </span>
4 0
3 years ago
Other questions:
  • The last in line for the payment of profits are the:_______ a) boundholders b) common stockholders c) preferred stockholders d)
    10·1 answer
  • As the role of coach, the supervisor is expected to:
    14·1 answer
  • Consider the following situations for Shocker: a. On November 28, 2018, Shocker receives a $2,700 payment from a customer for se
    7·1 answer
  • An open economy1) _______ A) can save only by building up its capital stock. B) can save only by acquiring foreign wealth. C) ca
    12·1 answer
  • A comparison between Operating Lease and Capital Lease Now assume that Company ABC leases an equipment for 5 years instead. Othe
    15·1 answer
  • Why do we need to budget our resistance/income
    8·1 answer
  • using the T-accounts of the first national bank and the second national bank, describe what happens when Jane Brown writes a che
    13·1 answer
  • During the current year, a parent sold inventory priced at $800,000 to its subsidiary, and the parent’s profits on these sales a
    9·1 answer
  • WebHelper Inc. acquired 100% of the outstanding stock of Silicon Chips Corporation (SCC) for $45 million, of which $15 million w
    12·1 answer
  • An investor purchases a long call at a price of $3.05. The strike price at expiration is $46. If the current stock price is $46.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!