Saving refers the method of accumulating one's capital for future use and this is done by either no spending part of one’s income or cutting down certain costs.
- Money which are saved are either in cash at hand, in a deposit account or being invested in financial instruments such as Money market etc
- According to Statistics from a reputable sources, for June 2021, the personal saving rate in the United States is 9.4 percent while in May, there was 10.3 percent in saving rate.
In conclusion, the factor that contributes to decrease in saving rate is the continuous rise of goods and services (Inflation) while income remain constant.
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Answer: Assuming there are a fixed amount of seats in the stadium, all seats are available to be sold, and the price of tickets before the ceiling was at an equilibrium point above $50.
The price ceiling will create a <u>SHORTAGE</u> of tickets, which will be greater if demand is more <u>ELASTIC</u>, and <u>THE SAME NUMBER OF</u> people will attend the events. Group of answer choices
Answer:
1)The President submits a budget request to Congress
2)The House and Senate pass budget resolutions
3)House and Senate Appropriations subcommittees "markup" appropriations bills
4)The House and Senate vote on appropriations bills and reconcile differences
5)The President signs each appropriations bill and the budget becomes law
Explanation:
I put the five federal budget process steps. Hope this helps :)
Answer:
B) For the 11th worker, the value of the marginal product of labor is $4,000.
Explanation:
The marginal product of labor (MPL) of a company is the total change in output achieved by hiring an additional worker. To calculate the MPL we have to multiply the change in output (measured in units) times the revenue generated by every extra unit of output.
In this case, the MPL = 2 surfboards x $2,000 per surfboard = $4,000
Answer:
The role of project managers is vital for the succcess or failure of project.
Explanation:
The success of projects concentrates on developing key business metrics. However, sometimes development programs are still unsuccessful. There are a number of reasons why these initiatives fail such as lack of funding, weak measurements, lack of coordination among team members, and decisions based on speculations instead of evidence and facts. Such types of issues make it much more difficult for project managers to establish credibility for future projects. Ultimately, the accomplishment or effectiveness of the strategy concentrates entirely on the shoulders of the project manager, and he or she is held responsible for the final outcome.
