Answer:
a. borrowers gain at the expense of lenders
Explanation:
Inflation refers to the sustained increase of the price of a commodity over a period of time.
It can be caused due to increase in production cost or increased demand of a good or service.
The losers during inflation are the creditors because the money loaned out had more value or purchasing power compared to what is repaid. This is due to the fact the borrower will still owe the lender the same amount .
Answer:
Yes
Explanation:
From the given output
The Probability of getting 13 or more passed
when the reliability = 0.35. can be calculated as follows
=0.0258+0.0109+0.0039+.0012+0.0004 = 0.0422 ≈ 4.2%
Since the probability is less than the 5% level we will therefore reject the Null hypothesis
answer : YES
A cartel is when a group of companies illegally work together and essentially create a monopoly in order to increase prices and their profits.
Answer:
A) $20,000
Explanation:
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export
Net export = exports – imports
Items not included in the calculation off GDP includes:
1. services not rendered to oneself
2. Activities not reported to the government
3. illegal activities
4. sale or purchase of used products
5. sale or purchase of intermediate products
The stereo and the tires wont be included in GDP because they are intermediate goods. It is only the final good, the car, that would be included in GDP