All categories

3 years ago

The public debt for the economy is

1 answer:

4 0

The public debt is the amount of money that a government owes to outside debtors. Public debt allows governments to raise funds to grow their economy or pay for services. Politicians prefer to raise public debt rather than raise taxes. When public debt reaches 77% of GDP or higher, the debt begins to slow growth.

You might be interested in

Fill in the blanks: 1. The situation when law of demand is not applicable is known as it's............ 2. When price of one good

Kryger [21]

Answer:

1. The situation when law of demand is not applicable is known as it's EXCEPTION.

2. When price of one good affects to the demand for other good, this situation is known as CROSS ELASTICITY OF DEMAND

3. Demand is the effective desire backed by the ABILITY and WILLINGNESS to buy the product.

Explanation:

Demand is a term that is born out of the human desires , wants or needs.

Demand can be defined or referred to as the amount a consumer is able and willing to pay in other to purchase goods and services that they desire or want.

The Law of demand states that the Quantity of goods and services demanded is inversely proportional to the prices of these goods and services. This means when the prices of goods increase, the quantity demanded decreases and when the prices of goods decreases ,the quantity of goods and services demanded increases.

Elasticity of Demand can be defined as the responses or effects of changes in price of goods and services on changes in the quantity demanded.

We have 4 types of Elasticity of Demand

a) Price Elasticity of Demand: This is when the quantity of goods and services demanded is affected by the change in price.

b) Price Elasticity of Supply: This is when the quantity of goods and services supplied is affected by the change in price.

c) Cross Elasticity of Demand: This is when the price of one good affects to the quantity demanded for other good,

d) Income Elasticity of Demand: This when the quantity of goods and services demanded is affected by the changes in the income of the consumer.

There are situations whereby the law of demand is not applicable and this is referred to as it's exceptions. Those situations are:

a) The type of goods and services.

b) When changes in the price of the goods and services is expected by consumers.

c) Changes that occurs in fashion or styles of a particular product ( This is when a product goes out of fashion or the style becomes outdated)

4 0

3 years ago

French mining engineer Henri Fayol defined management as a process involving which of the following?

AleksandrR [38]

Answer:

Option D

Explanation:

As per French mining engineer Henri Fayol, management as a process involves five elements -

a) Planning

b) Organizing

c) Commanding (leading)

d) Coordinating

e) Controlling.

Hence, all the three elements i.e Planning, organizing and Leading are present

Hence, option D is correct

8 0

3 years ago

Sunshine Manufacturing Jafina works for a Sunshine Manufacturing, where her team shares a machine and materials with another tea

Xelga [282]

Answer: Sequential Interdependence.

Explanation:

Sequential Interdependence in a

organization is the dependence of a department on another department in that organization for resources or machines that they have just concluded using. Sequential Interdependence also explains the reliance of a department on the information that directly emanates from another department.

4 0

3 years ago

A. Draw a production possibilities curve for a hypothetical economy producing capital and consumer goods.

solniwko [45]

Answer:

See the attached and the explanation below.

Explanation:

a. A production possibility curve (PPC) refers to a curve that displays different combinations of the maximum output of two goods that can be produced from a given or fixed amount of input and technology.

An example of PPC is figure (A) in the attached document.

b. When there is a major technical breakthrough in the capital goods industry and the new technology is widely adopted only in this industry, it will make the PPC to rotate outward at the capital good axis only, while consumer good axis will remain the same (see the curve and the arrow in Figure B in the attached). This implies that the break has enabled the economy to produce more of capital goods while consumer goods production level remains the same.

c. When there is a technological advance in consumer goods production, but not in capital goods production, it will make PPC to rotate outward at the consumer good axis only, while capital good axis will remain the same (see the curve and the arrow in Figure C in the attached). This implies that the break has enabled the economy to produce more of consumer good while capital good production level remains the same.

8 0

3 years ago

You have determined that you will need to accumulate $1,000,000 in your retirement account in order to cover your inflation adj

spayn [35]

Answer:

$3,860 will be needed to put into a tax-deferred retirement account every year if you plan on retiring in 40 years

Explanation:

Use Following formula to calculate the monthly payment required.

FV = P x [ ( ( 1 + r )^n ) - 1 ) / r ]

FV = Future Value = $1,000,000

R = RATE OF RETURN = 8%

N = NUMBER OF YEARS = 40 YEARS

P = Monthly Payment

$1,000,000 = P x [ ( ( 1 + 0.08 )^40 ) - 1 ) / 0.08 ]

$1,000,000 = P x [ ( ( 1.08 )^40 ) - 1 ) / 0.08 ]

$1,000,000 = P x 259.06

P = $1,000,000 / 259.06

P = $3,860.16

7 0

3 years ago