Pam buys a new 40-inch television at Walmart
it is The Federal Reserve System
Explanation:
The Federal Reserve System is the central bank of the United States. It was founded by Congress in 1913 to provide the nation with a safer, more flexible, and more stable monetary and financial system. Over the years, its role in banking and the economy has expanded. It performs five general functions to promote the effective operation of the U.S. economy and, more generally, the public interest.
Answer:
Accounting is the process of recording financial transactions pertaining to a business. The accounting process includes summarizing, analyzing, and reporting these transactions to oversight agencies, regulators, and tax collection entities. The financial statements used in accounting are a concise summary of financial transactions over an accounting period, summarizing a company's operations, financial position, and cash flows. Accounting is the recording of financial transactions along with storing, sorting, retrieving, summarizing, and presenting the results in various reports and analyses. Accounting is also a field of study and profession dedicated to carrying out those tasks.
Explanation:
Answer:
The income elasticity of demand for Good G is 1.17
Explanation:
Income elasticity of demand = % change in quantity demanded ÷ % change in income
% change in quantity demanded = (1200-800)/1200 × 100 = 400/1200 × 100 = 33.33%
% change in income = (3600-2800)/2800 × 100 = 800/2800 × 100 = 28.57%
Income elasticity of demand for Good G = 33.33% ÷ 28.57% = 1.17
