Answer:
d. $1,000
Explanation:
Gross domestic product is the sum of all final goods and services produced in an economy within a given period which is usually a year.
GDP = Consumption spending by households on durable and non durable goods and services + Investment spending by businesses + Government Spending + Net Export
Consumption spending = $200 + $200 + $100 = $500
Investment spending = $200 + $(500 - 400) = $300
Government spending = $200 + $100 = $300
Transfer payments aren't included in the calculation of GDP. So, the $200 spent on welfare and unemployment benefits and $300 on social security payments isn't included in the calculation of GDP.
Net export = Export- Import = $400 - $500 = $-100
GDP = $500 + $300 + $300 - $100 = $1000
I hope my answer helps you
Answer:
$53,250
Explanation:
In case of profit sharing ratio 3:1
Mary will receive 75% of profits, provided after any allocations made.
Therefore total share of Mary = Salary + Share in profit.
= $15,000.00 + ($51,000.00 X 75%) = $15,000.00 + $38,250.00 = $53,250.00
Note: Salary will also be credited to Mary's capital account, although in some cases firms also open partner's current account in that case salary will be credited to current account and not the capital account. But generally only one capital account is being operated.
Therefore amount credited to Mary's Capital Account = $53,250.00
Answer:
a) Jane currently has $150,000 x (1 + 8%)¹⁰ = $323,838.75 in her account
in 20 years, she will have $323,838.75 x (1 + 5%)²⁰ = $859,240.61
b) we can use the future value of an annuity formula to calculate Hal's annual contribution.
future value = annual contribution x annuity factor
annual contribution = future value / annuity factor
- future value = $959,240.61
- FV annuity factor, 5%, 20 periods = 33.066
annual contribution = $959,240.61 / 33.066 = $29,009.88
Answer: D. All of the above are correct.
Explanation:
The marginal rate of technical substitution (MRTS) refers to the economic theory which explains the rate at which a particular factor of production must reduce in order for the same level of productivity to be maintained when there's another production factor which is increased.
When the capital is plotted on the vertical axis and labor is plotted along the horizontal axis, then the marginal rate of technical substitution of labor for capital along a convex isoquant will reduce as more and more labor is used. Also, the MRTS equals the negative of the slope of the isoquant and equals the marginal product of labor divided by the marginal product of capital that's MRTSL,K=-MPL/MPK
Therefore, the correct option is All of the above.
