The per-capita-income gap one year later will be $43,472.
<h3>What will be the per-capita-income gap one year later?</h3>
GDP per capita is the GDP of a country divided by the population of the country. It is used as a metric to determine the standard of living of the population.
GDP per capita = GDP / population
Difference in the GDP per capita = 1.04 x (44,000 - 2,200)
1.04 x 41,800 = $43,472
To learn more about GDP per capita, please check: brainly.com/question/28018695
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Credit limit refers to the maximum amount of credit a financial institution extends to a client through a line of credit as well as the maximum amount a credit card company allows a borrower to spend on a single card.
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Answer: $23571
Explanation:
For this question, we have to calculate the present value of $27,000 with the given rate and the time that have already been given in the question to know the worth tiday. This will then be:
= $27,000 x PVIF (7%, 2)
= $27,000 x 0.873
= $23,571
Answer:
The correct answer is: shifts rightward, causing the price level to rise.
Explanation:
The money supply curve portraits the money supplied in the market at a specific interest rate. The money supply is increased by the central bank by purchasing bonds or other assets -in this case, the Federal Reserve- causing the money supply curve more to the right which at the same time lowers the interest rate.
<span>b. he/she is not making good use of scarce resources</span>