Answer: Trade Deficit ($10 Billion).
Explanation:
C=40+0.8Y
Ig=$40 billion
X=$20 billion
M=$30 billion
where,
Y - GDP
C - Consumption
Ig - Gross investment
X - Exports
M - Imports
Balance of trade or Trade balance = Exports - Imports
Since, Imports are greater than the exports, so the nation is experiencing a trade deficit.
Trade deficit = Imports - Exports
= $30 - $20
= $10 billion
Answer:
The correct answer is $84 million.
Explanation:
According to the scenario, the computation of the given data are as follows:
Taxable income = $255 million
Tax rate = 40%
Tax credit = $30 million
So, Current tax payable = $255 million × 40% = $102 million
So, Net current tax payable = Current tax payable - Tax credit
= $102 million - $30 million
= $72 million
So, we can calculate the total income tax expense by using following formula:
Total income tax expense = net current tax payable + Additional projected liability
= $72 million + ( $30 million - $18 million)
= $72 million + $12 million
= $84 million
Answer: $1000
Explanation:
You didn't give the options but let me help out.
From the question, we are informed that Hi Phi Unlimited's total revenue from installing 15 sound systems is $30,000 and its total revenue from installing 18 sound systems is $33,000.
The marginal revenue that is received from selling the 18th sound system would be calculated as:
=($33000 - $30000) / (18 - 15)
= $3000 / 3
= ,$1000
Answer:
(E). local and national norms
Explanation:
Employee Involvement and Participation (EIP) programs are put in place by organizations to encourage inclusiveness and foster collaboration among employees in the organization.
Although such programs are valuable to the organization, the "local and national norms" or cultures, within which the organization operates, must be taken into consideration by the organization, when structuring its involvement program practices.
This statement is true. Teenagers have a higher price elasticity than do adults.
This is because teenagers does not have much income to spend so they can shift to other products also. Teenagers are also not addict to smoking or any other habits , Therefore price affects the demand of the product.
Price elasticity is defined as the ratio of the percentage change in quantity demanded due to percentage change in price.
Elasticity having more than 1 are relatively more elastic.
Adults have more income to spent so the demand do not effects due to change in price. As adults are more addicted to smoking then teenagers ,
addicted people did not consume less due to its price change.
To know more about price elasticity:
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