Answer:
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Answer:
GDP for an open economy from the spending approach follows this equation:
GDP = Consumption + Investment + Government Spending + Net Exports (Exports - Imports)
It can also be written as:
GDP = C + I + G + NX (X - N)
The balance of private consumption is simply equal to C, the balance of public spending is G, and the balance of the external sector is net exports or NX.
D) the availability of land, labor and capital
I think
Answer:
The correct answer is letter "A": True.
Explanation:
Central banks are the financial institutions in charge of the monetary policy of their country on behalf of the central government. They regulate the money supply and the interest rates to maintain a country's economy the closest to its equilibrium level. In the United States, the central bank is the Federal Reserve (<em>Fed</em>). Central banks also collect and replace the currency in circulation.
Answer:
Spend 10% on clothing and 10% on entertainment.
Explanation:
There are some expenses that you can lower that will not radically affect your lifestyle while other expenses should be more important.
For example, you shouldn't try to save money by eating less or going to live in an ugly place where you pay a very small rent.
If you want to save money, then you should cut some costs from non essential expenses like entertainment and new clothes.
