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Aleonysh [2.5K]
2 years ago
9

Personal Consumption Expenditures$4,500 Consumption of Fixed Capital150 Gross Private Domestic Investment800 Government Purchase

s950 Exports65 Imports85 Refer to the accompanying data about a hypothetical economy (in billions of dollars). GDP in this economy is Multiple g
Business
1 answer:
Natali [406]2 years ago
8 0

Answer:

The GDP in this economy is $6,230 billion.

Explanation:

The GDP can be calculated using the following formula:

Y = C + I + G + (X - M) ....................................... (1)

Where:

Y = GDP of the economy

C = Personal Consumption Expenditures = $4,500

I = Gross Private Domestic Investment = $800

G = Government Purchases = $950

X = Exports = $65

M = Imports = $85

Substituting the values into equation (1), we have:

Y = $4,500 + $800 + $950 + ($65 - $85)

Y = $6,250 - $20

Y = $6,230

Since the figures are in billions of dollars, the GDP in this economy is therefore $6,230 billion.

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Answer:

Conformity

Explanation:

Conformity is an appraisal principle which states that the accurate value of a property tends to be created and then prolonged in a situation where the various features of the property meets up with the different demands of the market.

The basic principle of conformity describes how a particular property is suitable to be located in its surrounding. This is the main reason why different houses are built in the same pattern as the other houses situated in the area. This therefore increases the value of the property.

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3 years ago
ou are planning to save for retirement over the next 30 years. To do this, you will invest $890 per month in a stock account and
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Answer:

Monthly withdraw= $23,294.99

Explanation:

Giving the following information:

Stock:

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<u>First, we need to calculate the amount of money collected at the moment of retirement. We need to use the following formula on each investment:</u>

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Stock:

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Total FV= $3,039,041.57

<u>Now, the monthly withdrawal for 25 years:</u>

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Interest rate= 0.079 / 12= 0.0066

Monthly withdraw= (FV*i) / [1 - (1+i)^(-n)]

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The correct option is A, market segmentation

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The scenario here is that Gap Inc,has successfully been able to discover the right set of people that its casuals best match.

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