1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Gelneren [198K]
3 years ago
11

In September 2008, the stock market fell sharply and continued to perform poorly due to the financial crisis. How did this chang

e impact GDP in the economy?
Business
1 answer:
GenaCL600 [577]3 years ago
6 0

Answer:

Many people's wealth is held in stocks and as the price of stocks collapsed, they lost wealth.

Imagine that this happened to you. One day you are rich and that affects your spending habits. In a matter of few days or weeks, you lose a large portion of your wealth. So now, you are less rich or even poor. So your spending habits will be altered, i.e. you will spend less.

If you consider the economy as a whole, aggregate demand will fall, resulting in a decrease of aggregate supply, and an overall decrease of the GDP.

You might be interested in
Exercise 7-29 (LO. 6) Tim, a single taxpayer, operates a business as a single-member LLC. In 2018, his LLC reports business inco
Taya2010 [7]

Answer:

From 2018, there is a threshold limit of $250,000 defined by IRS for single:

(a) Tim has an excess business loss:

= Business loss - Threshold

= $350,000 - $250,000

= $100,000

(b) Tim may use $250,000 of the $350,000 LLC business loss to offset non business income.

The excess business loss is treated as the portion of the Tim's NOL carry forward.

Excess business loss of $100,000 will be treated as the NOL carryforward to subsequent years.

4 0
3 years ago
Equilibrium is defined as:
Mamont248 [21]
<span>The answer is d. quantity demanded equals quantity supplied</span>
5 0
4 years ago
Read 2 more answers
Oucation 6 of 25
Vladimir79 [104]

Answer:

A. How are goods and services to be distributed?

Explanation:

After the manufacturing of the goods, the process of distribution proceeds. In this process, the goods and services produced are distributed from the producers to the consumers. Transportation, packaging, storage, and advertising are some of the processes that lie between the production and distribution of the products.

According to the given options, the basic question to be asked related to the distribution of the produced goods is option A. All the other three questions belongs to the production stage.

4 0
3 years ago
Live Forever Life Insurance Co. is selling a perpetuity contract that pays $1,500 monthly. The contract currently sells for $115
vfiekz [6]

Answer:

1.30%

15.60%

16.77%

Explanation:

The monthly return is the amount payable monthly divided  by the current price of the investment vehicle.

monthly return=$1500/$115,000=1.30%

Annual percentage return=monthly return*12=1.30% *12=15.60%

Effective annual return=(1+1.30%)^12-1

EAR=1.167651776 -1

EAR=16.77%

5 0
3 years ago
A good place to begin an interior structure inspection is the A. basement. B. garage. C. attic. D. plumbing system.
sweet-ann [11.9K]
It is A the basement.
      Hope this helps!
3 0
3 years ago
Read 2 more answers
Other questions:
  • The AW Direct trucking company recently had to terminate one third of its employees and restructure various divisions. Some empl
    13·1 answer
  • Google this for me: What is business management?
    15·1 answer
  • Assume you are now 25 and you want to have a million dollars by the time you are 65. if you can earn 6% per year, compounded ann
    6·1 answer
  • Using Excel, 40 applicants apply for 5 similar positions in a company. How many different ways can the candidates be hired?
    8·1 answer
  • On October 31, the end of the first month of operations, Maryville Equipment Company prepared the following income statement, ba
    6·1 answer
  • James Smith has worked for Perfect Transmission Installers for eight years. His annual base salary is $52,000. For overtime hour
    15·1 answer
  • An entity should consider the cost of a control in relationship to the risk. Which of the following controls best reflects this
    9·1 answer
  • An agent does not like another broker and refuses to present his offers. The agent's employing broker notices he does a good job
    8·1 answer
  • Your cousin Vinnie owns a painting company with fixed costs of $200 and the following schedule for variable costs:
    10·1 answer
  • Please help!!!! I am struggling with this.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!