Answer:
Monetary, Reserve Bank
Explanation:
Monetary policies come into play when they have to influence the real GDP and the inflation rate present in the economy, and such policies are authorized and taken by the Reserve bank.
The lowest fees for investors are typically found in a type of passive investing called the Index Fund investing.
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The answer is
C. How much a currency is worth when it's exchanged with another country's currency.
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Answer:
The correct answer is letter "B": Imports have grown faster than exports, and the United States has become a net importer.
Explanation:
International trade is not just a major engine of the U.S. economy, but for the global economy. The total trade share in terms of the global Gross Domestic Product was 25% in 1960 and it has raised to 56% in 2017. Though, imports have surpassed the level of exports, making America be a net importer. Main imports are in the form of raw materials for the production of different goods mainly vehicles, and clothing.
Answer:
The state tax Patrick must pay on the initial profit is $350. The federal tax he must pay on the initial profit is $1750. The inflation on the amount remaining after taxes is $147. As a result, the real value of Patrick’s profit is $4678
Explanation:
Patrick has successfully invested in a growing tech company. Three years ago he invested $10,000 in the company through a broker. Now he has decided to sell his stock. The value of his stock is now at $17,000. Here are the taxes and fees associated with his investment: Annual brokerage fee: $25 State tax: 5% of profit Federal tax: 25% of profit Inflation rate: 1% per year The state tax Patrick must pay on the initial profit is . The federal tax he must pay on the initial profit is . The inflation on the amount remaining after taxes is . As a result, the real value of Patrick’s profit is .
Answer:
Patrick invested $10000 and after three years the value of his stock is $17000.
Profit = Value of stock - Amount invested = $17000 - $10000 = $7000
Total brokerage fee = Annual brokerage fee × number of years = $25 × 3 = $75
State tax = 5% of profit = 5% of $7000 = 0.05 × $7000 = $350
Federal tax = 25% of profit = 25% of $7000 = 0.25 × $7000 = $1750
Profit after tax = $7000 - $350 - $1750 = $4900
Inflation on the amount remaining after taxes = 1% of profit after tax × number of years = 3 years × (0.01 × $4900) = 3 × $49 = $147
Therefore the real value of profit = Profit - Total brokerage fee - state tax - federal tax - inflation = $7000 - $75 - $350 - $1750 - $147 = $4678
