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e-lub [12.9K]
3 years ago
9

"cat chaser. annette, who is angry because her neighbor, william, allows his dog to chase her cat, decides that she wants to get

even. she moves a number of farm animals into her backyard and begins playing music at all hours of the night. she also steals a nice lawn chair off of william's deck. she intends to keep the chair and not give it back. annette further took a rake off of william's deck that she plans to return after she finishes raking her leaves. william did not give her permission to take the rake. william is unhappy about the whole situation and wants to sue. what action would william have against annette for taking the rake?"
Business
1 answer:
Juliette [100K]3 years ago
4 0
<span>The next action which William would have against Annette for taking the rake is to sue her, blaming her in trespass of personal property. </span><span>A trespass is an </span><span>unauthorized action towards someone's goods. It consists of any contact with the property that was not allowed by the owner, and trespasser, in his turn, is responsible for damage to the property and its owners.</span>
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Suppose that you have the following information for an economy:______.
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Part 1. When real GDP is equal to $4,500, aggregate expenditure is equal to <u>$4,600</u>.

Part 2. When real GDP is equal to $5,000, aggregate expenditure is equal to <u>$5,000</u>.

Part 3. When real GDP is equal to $5,500, aggregate expenditure is equal to <u>$5,400</u>.

Explanation:

The aggregate expenditure (AE) can be calculated using the following formula:

AE = (A + (MPC * Y)) + PI + G + NX  ………………. (1)

Where;

AE = aggregate expenditure = ?

A = Autonomous consumption = $500

MPC = Marginal propensity to consume = 0.80

Y = Real GDP

PI = Planned investment = $600

G = Government spending = $300

NX = Net exports = -$400

Based on the above, we can now proceed as follows:

Part 1. When real GDP is equal to $4,500, aggregate expenditure is equal to $ _____.

This implies that:

Y = Real GDP = $4,500

Substituting this and other values given above into equation (1), we have:

AE = ($500 + (0.80 * $4,500)) + $600 + $300 - $400 = $4,600

Therefore, when real GDP is equal to $4,500, aggregate expenditure is equal to <u>$4,600</u>.

Part 2. When real GDP is equal to $5,000, aggregate expenditure is equal to $ _____.

This implies that:

Y = Real GDP = $5,000

Substituting this and other values given above into equation (1), we have:

AE = ($500 + (0.80 * $5,000)) + $600 + $300 - $400 = $5,000

Therefore, when real GDP is equal to $5,000, aggregate expenditure is equal to <u>$5,000</u>.

Part 3. When real GDP is equal to $5,500, aggregate expenditure is equal to $ _____.

This implies that:

Y = Real GDP = $5,500

Substituting this and other values given above into equation (1), we have:

AE = ($500 + (0.80 * $5,500)) + $600 + $300 - $400 = $5,400

Therefore, when real GDP is equal to $5,500, aggregate expenditure is equal to <u>$5,400</u>.

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3 years ago
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