Answer:
$72,000
Explanation:
Rental Income $100,000
Loss due to vacancy ($5,000)
Operating Expenses ($23,000)
NOI $72,000
Please note that loss due to vacancy and operating expenses are deductible from rental income for the sake of taxable rental income. The US Tax laws allow such expenses as admissible from income.
People are going to start to buy more bonds, which will increase the demands for bonds. With this increase in demand, there's going to be an increase in price to meet up with the demand. However, the nominal interest rate is going to fall, because nominal interest rate does NOT take account into the inflation of prices we see because of the increase bond demand.
Answer:
Correct Answer:
(D) Other countries, such as Canada and Russia, are likely to produce more wheat if the United States were to reduce its output.
Explanation:
<em>The farmers narrative on the reason on why the price of wheat on the global market is low is justified due to their reason.</em> Unfortunately, that logic would greatly be weaken if the farmers in United States reduces their output while farmers in other countries such as Canada and Russia increases their own output due to incentives from their governments.
<em>This action would still lead to the global price of wheat continually being low. </em>
