Answer:
Approximately 60% of total US land is owned by private individuals, corporations and nonprofit organizations, while the remaining 40% is owned by American Indians, and federal, state and local governments.
The vast majority of privately owned land is held by farmers, ranchers and forest owners (57% of total), while nearly 80 million urban landowners account for 2% of the total.
The federal government owns approximately 33% of all the US land.
Answer:
Explanation:
Antonio used the value of money as a unit of account to compare the value of the two cars namely Super and Duper and come to the conclusion that Duper was cheaper to Super
Antonio saved $ 4000 in his checking account which he gave to the seller. This represent money's role as a store of value
Antonio write a check of the money he saved to the seller and the seller accepted it and gave him the car which fulfill the role of money as a medium of exchange.
Answer:
After 100 years, real GDP per person in Alpha is <u>4 TIMES</u> smaller than real GDP per person in Omega.
Explanation:
Current real GDP per capita in Alpha = $2,000
in 100 years, the real GDP per capita in Alpha = $2,000 x (1 + 1.5%)¹⁰⁰ = $5,848.87
Current real GDP per capita in Omega = $2,000
in 100 years, the real GDP per capita in Omega = $2,000 x (1 + 2.5%)¹⁰⁰ = $23,627.43
Alpha's real GDP per capita is 4 times smaller than Omega's = $23,627.43 / $5,848.87 = 4.04 times
*I used the future value formula: FV = PV (1 + r)ⁿ
Answer: $332.1
Explanation:
Given that,
Monthly collected balance = $600,000
Bank pays an earning credit rate = 0.75%
Reserve Requirement Ratio = 10% of $600,000
= $60,000
Investable amount = Monthly collected balance - Reserve requirement amount
= $600,000 - $60,000
= $540,000
ABC's monthly earnings credit:
= Investable amount × Earning credit rate × Time period
= 540,000 × 0.75% × 
= $332.1
