Basically the the countries made this system during/after the cold war. The first world is the highly developed countries with high literacy rates and less unemployment (mostly people thing of western countries aka the U.S). The second world is usually known by the Eastern Bloc who were former industrial socialists.
Answer and Explanation:
Given equation C = $600 billion +0.9Y
Where c = total consumer spending
$600 billion = consumer autonomous spendinf
0.9= marginal propensity to consume(mpc)
Y= income of consumers
A. Marginal propensity to consume(MPC)= 0.9 from equation given
B. Autonomous spending which is spending that is constant =$600 billion from equation given
C. Using equation of consumer spending above, C= $600 billion+0.9Y
With $4200 billion in income, consumers spending =$600 billion+0.9*$4200 billion
=$4380 billion
D. Savings= consumers income-consumers spending= $4200 billion-$4380 billion= -$180 billion
Therefore there was a deficit not saving
Answer:
What is the meaning of swearing in ceremony?
The Oath ceremony is a tradition dating back to the 18th century. When taking the Oath, the new citizen promises to fulfill the following duties: Support and defend the U.S. Constitution and the laws of the United States against its enemies.
Explanation:
I am going to say True, I mean usually when you put in effort you get the results you want.
