Apply for a credit-<span>builder loan \</span><span>Eliminate credit card balances.
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Answer:
Explanation:
Pizza quantity Change = 60-50 = 10
Income change = $12000 - $10000 = $2000
Mid point of Quantity of Pizza = (50+60)/2 = 55
Mid point of income = ($12000 + $10000)/2 = $11000
Income elasticity = 10*11,000/2000*55 = 110,000/110,000=1
Pizza is a unit elastic normal good, because percentage change in income = % change in pizza quantity
The answer is B. Just subtract.
Answer:
Garth is a "REVOLVER "
Explanation:
Garth is a "Revolver" type of credit user, because he doesn't pay up the monthly payments on his card in full and on time, instead he carries debts over to the other months by paying in monthly installments
Based on the type of credit user Garth is, when picking up a credit card Garth should consider going for credit cards with low interest rate/APR charges and a longer grace period as well.
A recovery is generated in the classical/new classical part of this example when investment spending and technology <u>expand over time due to rising confidence</u><u> </u>in the private sector.
investment spending - money spent on capital goods, or goods used inside the production of capital, goods, or services. investment spending may additionally include purchases along with equipment, land, production inputs, or infrastructure.
some of the important varieties of funding are: (1) commercial enterprise constant investment, (2) Residential investment, (3) stock investment, (4) independent funding, and (5) caused investment.
Spending on new capital items is known as funding expenditure. funding falls into 4 categories: producer's durable gadget and software program, new nonresidential systems, modifications in inventories, and home systems.
Learn more about investment spending here
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