Yes,yes, it is.
making it longer so i can answer
Answer:
$1,307
Explanation:
The computation of the future value by using the following formula is shown below:
As we know that
Future value = Present value × (1 + interest rate)^number of years
$1,500 = Present value × (1 + 0.035)^4
So, the present value is
= $1,500 ÷ (1.035)^4
= $1,307
Hence, the present value is $1,307 and the same is to be considered
Answer:
The correct answer is: whenever they over- or under-allocate resources to a project.
Explanation:
A government is considered to be wasteful by the economists if it over-allocates or under-allocates resources on a project. Whenever resources are not efficiently or optimally allocated it is considered wasteful.
In case resources are over-allocated, the reason is given that the excess resources could have been used somewhere else.
In case resources are under-allocated, the reason is given that the given resources will not be able to provide the desired output.
