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tamaranim1 [39]
3 years ago
13

Given an interest of $11,900 at 6% for 50 days (ordinary interest) calculate the principal

Business
1 answer:
serious [3.7K]3 years ago
5 0
I = Prt
I = (11900)(0.06)(0.14) = 99.96

50 days needs to be converted to years, so do 50/365 to get 0.14. That's your amount in years.

So, your interest is $99.96
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3 years ago
Suppose a hypothetical economy is currently in a situation of deficient aggregate demand of $16 billion. Four economists agree t
GarryVolchara [31]

Answer:

Economist A

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Tax multiplier $8billion

Economist B

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Tax multiplier $2billion

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Computation for the amount the government would have to increase spending to close the output gap according to each economist's belief

ECONOMIST A

Government spending multiplier=16/4

Government spending multiplier=$4billion

Tax multiplier=16/2

Tax multiplier=$8billion

ECONOMIST B

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Government spending multiplier=$8billion

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ECONOMIST A

Government spending multiplier=$4billion

Tax multiplier=$8billion

ECONOMIST B

Government spending multiplier=$8billion

Tax multiplier=$2billion

5 0
3 years ago
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