Answer:
$2,400
Explanation:
We know that
GDP = Consumption + Investment + Government purchase + Net exports
where,
Net exports = Exports - imports
= $1,000 - $1,200
= -$200
Now the investment is
$10,000 =$6,000 + Investment + $1,800 - $200
$10,000 = $7,600 + Investment
So, the investment equal to
= $2,400
Answer:
Money is served three purposes- unit of account, store of value and medium of exchange
Explanation:
In this question, we are to identify the role money plays in each of the following parts of the story.
Money is used to measure the valueof good in money unit, so the values can be compared easily.
In the first case, Van is comparing between value of goods. the money serves as unit of account.
Money is used as medium of echange to avoid the difficulty arising out of goods to goods exchange.
In the second case, Van is exchanging $140 for the DVD, money is serving as medium of exchange.
Money also has store of value, it can be saved and exchanged for goods over time.
In third case, Van is saving money for future exchange, money is serving its store of value function.
Answer: Are you bored because i am
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