Answer:
GDP in 2008 is $500 billion
Explanation:
Based on the information provided within the question it can be said that in this scenario we can conclude that the Gross Domestic Product (GDP) in the year 2008 is of $500 billion dollars. That is because the gross domestic product calculates the monetary value of all the goods and services that were produced within the nation's borders.
We see that for every 8 sandwiches that the customer needs, he will pay for 5. Lets see how many groups of 8 sandwiches the order of 675 sandwiches contains. If we do Euclidean Division we see that there are 84 groups of 8 and that three sandwiches are the remainder. 675/8=84.375; Hence we have 84 groups and 0.375*8=3 sandwiches that remain. Thus, the customer would play for 84*5= 420 sandwiches if he had ordered 84 groups of 8 (namely 672 sandwiches). Since he needs another 3 sandwiches and there is no promotional offer for those, he will have to pay in total for 423 sandwiches. It is important to not divide the total number by 8 and then multiply it by 5; the customer gets the free sandwiches only if he completes an offer of 5 sandwiches, thus we have to group the sandwiches in octads and deal with the remainder separately.
Answer:
Explanation:
Previously the government was earning 22000 in tax revenue but since it increased the tax rate to 25%, Song taxable income went down to $82500. Therefore now government tax revenue is
25% of 82500 = 20625
So government tax revenue decreased by 1375 ( 22000-20625)
B) the ownership interwsr of one partner is sold to a new partner
Answer:
control over the money supply designed to keep the value of money relatively stable over time.
Explanation:
The Federal Reserve System (the 'Fed) was created by the Federal Reserve Act, passed by Congress in 1913. The Fed began operations in 1914. It was founded by President Woodrow Wilson under the Federal Reserve Act, which was aimed at backing each banks in order to put a definitive end to the bank panics of the 1800s.
Like all central banks, the Federal Reserve is a government agency that is saddled with the following responsibilities;
I. Regulating banking activities (it has the power to supervise and regulate banks).
II. Providing banking services to all the commercial banks in the country (the Federal Reserve is the "lender of last resort).
III. Controlling the issuance of currency in United States of America (it facilitate and enhances public goals such as low inflation, economical growth, and the smooth running of financial markets).
Hence, the federal backing for the money in the United States comes from control over the money supply designed to keep the value of money relatively stable over time through the implementation of monetary policies.
The monetary policy of the "Fed" helps to maintain the purchasing power of money by making it relatively scarce.
