(a) how much fiscal restraint occurred between 1931 and 1933? $ billion (b) by how much did this policy reduce aggregate demand
if the mpc was 0.88? $ billion
2 answers:
Answer:
hi your question is incomplete attached to the answer is the complete question
answer : A ) $6 billion
B) -$50 billion
Explanation:
A) The fiscal restraint that occurred between 1931 and 1933 from the given graph below is = +2 - (-4)
= + 2 + 4 = $6 billion
B) By how much did this policy reduce aggregate demand if the MPC was 0.88
using this formula =
= =
= $49.99 ≈ $50 billion
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Answer:
She will receive $3,494.95 per month.
Explanation:
Jennifer's pension plan is an example of a sinking fund.
A sinking fund is an account that earns compound interests and into which periodic payments are also made.
The formula for calculating the future value of payments in a sinking fund account is given as:
where:
FV = Future value
PMT = periodic payment = $300
r = interest rate in decimal = 7% = 0.07
n = compounding period per year = monthly = 12
t = number of years compounded = 40
hence:
∴FV = $838,786.8
Finally, we are asked to calculate the amount she will be paid per month in a 20-year payout period, and this is shown below:
20 years = 12 months × 20 = 240 months
Therefore, amount to be paid in a 240 month period =
future value ÷ total number of months 838,786.8 ÷ 240 = $3,494.95