Answer:
A) $12.6 B)He will have earned $92.4 extra.
Explanation:
A) Assuming that the $420 is not included when calculating the 12 percent tax, that means the tax that he will pay for the $525 is 12 percent of $105 which is (105 x 12) / 100 = $12.6
B) If Nitai does not work and instead fixes the car himself without spending the $420, he will save that money. But if he works and gets the car fixed at Autofix, he will have earned $92.4 over the weekend and still get his car fixed.
I hope this answer helps.
Answer:
The answer is <em>American Recovery and Reinvestment Act </em>
Explanation:
The American Recovery and Reinvestment Act , 2009 was passed by the Congress on February 13,2009 during President Obama administration. It was meant for an economic stimulus package in order to cut the taxes, build more infrastructure,investing in green energy, rural community programs etc.
Because of supply and demand. More demand for a product makes the price go and and the supplier gives more because they get more
Answer:
a. $343.7 billion
b. $331.9 billion
c. $334.1 billion
Explanation:
The computation is shown below:
a. For GDP
GDP = Personal consumption expenditures + Government purchases + Net private domestic investment + Consumption of fixed capital + net exports
where,
Net exports = U.S. exports of goods and services - U.S. imports of goods and services
= $17.8 - $16.5
= $1.3 billion
So, the GDP would be
= $219.1 + $59.4 + $52.1 + $11.8 + $1.3
= $343.7 billion
b. For NDP
NDP = GDP - Consumption of fixed capital or depreciation
= $343.7 - $11.8
= $331.9 billion
c. For NI
NI = GDP + Net foreign income
= $331.9 billion + 2.2 billion
= $334.1 billion
All values are in billions
Answer:
By comparing the opportunity cost of producing wine in the two countries, you can tell that SPAIN has a comparative advantage in the production of wine and DENMARK has a comparative advantage in the production of rye.
Suppose that Spain and Denmark consider trading wine and rye with each other. Spain can gain from specialization and trade as long as it receives more than 4 bushels of rye for each bottle of wine it exports to Denmark. Similarly, Denmark can gain from trade as long as it receives more than 1/10 of wine for each bushel of rye it exports to Spain.
Based on your answer to the last question, which of the following terms of trade (that is, price of wine in terms of rye) would allow both Denmark and Spain to gain from trade? Check all that apply.
- b. 8 bushels of rye per bottle of wine
- c. 9 bushels of rye per bottle of wine
Explanation:
Spain
wine = 4 bushels of rye
bushels of rye = 1/4 wine
Denmark
wine = 10 bushels of rye
bushels of rye = 1/10 wine