Answer:
a. income after taxes - consumption.
Explanation:
Private savings is the amount that is saved in a household. The salary earners in a household usually get their income(salary or wages) in which a percentage is removed as tax. The remainder of the money is used to finance the home.
The private savings is simply gotten by income tax minus the consumption.
Answer: Option (c) is correct.
Explanation:
When interest rates fall then firms want to borrow more for new plants and equipment and households want to borrow more for home building.
If there is a fall in the interest rate in an economy this will make the loans cheaper.
So, every individual wants to grab this opportunity by taking cheaper loans for various purposes such as home building, buying new plants and equipment, etc.
Hence, firms take an advantage of the lower interest rate by making investment in plants, equipment and machinery.
Whereas households also want to borrow from banks at lower interest rates for building their home. Because it will become cheaper for them to take loan at the ongoing lower interest rate.
Answer: (1) Equilibrium price = 60 and Equilibrium quantity = 120, when I = $1500.
(2) Equilibrium price = 54 and Equilibrium quantity = 108, when I = $1200.
Explanation:
(1) When Average income (I) = $1500
At equilibrium, QD = QS
150 - 3p + 0.1I = 2p
150 - 3p + 0.1 × 1500 = 2p
5p = 300
p = 
p = 60
q = 2p ⇒ 2 × 60 = 120
Hence, p and q are equilibrium price and equilibrium quantity, respectively.
(2) If 20% income tax is introduced then Average income (I) = $1500 - 20% of $1500 ⇒ $1500 - $300 = $1200
At equilibrium, QD = QS
150 - 3p + 0.1I = 2p
150 - 3p + 0.1 × 1200 = 2p
5p = 270
p = 
p = 54
q = 2p ⇒ 2 × 54 = 108
Hence, p and q are equilibrium price and equilibrium quantity, respectively.
Answer:
The correct answer is
Explanation:
The Creditor is the natural or legal person who is paid for the purchase or use of a service that is not directly related to the activity carried out in the business.
That is to say, the purchase of the service is made since it must be necessary for the correct and habitual operation of the business.
The correct option from the given options is e, that is buy a home.
William Levitt who who was an American real estate developer and he was a man who mass produced houses at a rate of one every 16 minutes and GI bill is also known as the <span>Servicemen's Readjustment Act of 1944. and this bill was signed by the president Roosevelt and came into law on 22 June 1944.</span>
