Answer:
More interest payments on yearly computing.
Explanation:
It is generally said that if you can get monthly annual payments compared to yearly payments take it without a thought. This statement explains a lot; normally month payments are not available, but in some case they are. In annual payments, 12 months are compounded that is why it is higher rate compared to monthly. So, monthly payments are preferred
Answer:
Option (a) is correct.
Explanation:
France can produce four phones or three computers:
Opportunity cost of producing one phone = (3 ÷ 4)
= 0.75 computers
Opportunity cost of producing one computer = (4 ÷ 3)
= 1.33 phones
Sweden can produce one phone or two computers:
Opportunity cost of producing one phone = (2 ÷ 1)
= 2 computers
Opportunity cost of producing one computer = (1 ÷ 2)
= 0.5 phones
Therefore,
France has a comparative advantage in producing phones because of the lower opportunity cost of producing it than Sweden. France should specialize in producing phones and import computers from Sweden.
Sweden has a comparative advantage in producing computers because of the lower opportunity cost of producing it than France. Sweden should specialize in producing computers and import phones from France.
Answer: The answer is given below
Explanation:
a. . Private saving
Private saving=Y+TR-C-T
= $11t + $1t - $8t - $3t
= $12 trillion - $11 trillion
= $1 trillion
b. Public saving
Public Saving= T-G-TR
Since G is not given, we can use:
I = public saving + private saving
$2t = public savings + $1t
Public saving= $2 trillion - $1 trillion
Public savings = $1 trillion
c. Goverment purchases
Since public savings = T - G - TR
$1t = $3t - G - $1t
G = $3t - $1t - $1t
G = $3 trillion - $2 trillion
G = $1 trillion
d. The goverment budget deficit or budget surplus.
There is a budget surplus of $1 trillion which has been calculated in the public savings.
To solve this problem, we first make a chart that shows the spending pattern of $90 million over 23 years.
$90 million at 11% = [math]\frac{90 \times 1.11^{23}}{100}=903.478[/math]. The future worth at the end of the 23-year is approximately $903,478.
Since the problem does not provide a standard amount of time that people usually use to measure interest rates, we can infer that this rate should be 10% per year.
Using 10% per year instead of 11%:
$90 million at 10% = [math]\frac{90 \times 1.10^{23}}{100}=897.507[/math]. The future worth at the end of the 23-year is approximately $897,507.
Since the total amount that was spent on development over a period of 23 years is $90 million and the answer in our problem has to be in millions, we have to adjust the amount.
$90 million x 100 = $9 billion. The future worth at the end of the 23-year is approximately 9 billion dollars.
