Answer
The answer and procedures of the exercise are attached in a microsoft excel document.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
They usually spend their time entertaining and socializing.
The term !Kung refers to a group of people living in Namibia, Botswana, and Angola. Their language is not a common language that people who don't speak it could understand because it is a click language consisting only of clicking noises. Given that they do everything together, they have a lot of time to spend quality time with each other.
Durable and nondurable goods are included in the GDP calculation of consumption. Option D
This is further explained below.
<h3>What is included in the
GDP calculation of consumption?</h3>
The value of all the goods and services produced inside the borders of a country over the course of a specific period of time is typically referred to as that nation's gross domestic product (GDP).
The term "gross domestic product" (GDP) refers to the total amount of money or market value that is represented by all of the finished goods and services that are produced within the borders of a country over a given period of time.
It is a measure encompassing all domestic production, which allows it to operate as an all-encompassing scorecard of the economic health of a specific country.
In conclusion, it functions as an all-encompassing barometer of the economic well-being of a country by acting as a measure of the overall industrial output of that country.
Read more about GDP
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Answer:
$2000
Explanation:
Step 1. Find the tax bracket this person belongs in.
$10,001 < $40,000 < $50,000
Answer: The middle bracket [5%]
Step 2. Find 5% of $40,000
100% / 5% = 20
$40,000 / 20 = $2000
Answer: $2000