Answer:
The answer is Expenditure method.
Explanation:
- <u>The expenditure method is the most widely used approach for estimating GDP, which is a measure of the economy’s output produced within a country’s borders irrespective of who owns the means to production</u>
Answer:
2. People face trade-offs.
Explanation:
People face trade-off after cost and benefit analysis. for example, spending more time studying economics involve a benefit (a benefit is to get high marks in the subject). and cost is you could have spent that time doing something else, such as working in a restaurant to earn money. That is, your decision involves a trade-offs.
Answer:
Required Reserves
Explanation:
Fractional banking is a banking system where a portion of customer's deposits is kept as reserves while remaining portion is lent out. The amount kept as reserves is determined by the required reserve ratio set by the Central bank.
Reserves is the total amount of a bank's deposit that is not given out as loans
Reserves = Deposits - outstanding loans
$100,000 - $70,000 = $30,000
there are 2 types of reserves
1. Required reserves is the percentage of deposits required of banks to keep as reserves by the central bank
Required reserves = reserve requirement x deposits
0.2 x $100,000 = $20,000
2. Excess reserves is the difference between reserves and required reserves
$30,000 - $20,000 = $10,000
Answer:
Budgeted sales= $86,140
Explanation:
Giving the following information:
A July sales forecast projects that 7,300 units are going to be sold at a price of $11.80 per unit.
<u>The budgeted sales are calculated by multiplying the sales in units with the selling price per unit:</u>
Budgeted sales= 7,300*11.8= $86,140
Had to look for the missing options and here is my answer.
Based on the given scenario above about Robert who did an internet search about TY Cobb, he is most likely using a SEARCH-RESULTS PAGE or the Search Engine Result Page (SERP). This is the first page that you will see when you enter something as a query. Hope this answers your question.
