Answer:
$270 million; $220 million; $50 million
Explanation:
Given that,
GDP = $ 1260.00 million
T = $ 320.00 million
C = $ 720.00 million
G = $ 270.00
Formula for calculating GDP by expenditure method is as follows:
GDP = Consumption + Investment spending + Government spending
$1,260 = $720 + Investment spending + $270
$1,260 = $990 + Investment spending
$1,260 - $990 = Investment spending
$270 million = Investment spending
Private savings refers to the savings of the households. It is calculated by subtracting the taxes and consumption spending from the income level.
Private savings:
= GDP - Taxes - Consumption spending
= $1,260 - $320 - $720
= $220 million
Public savings refers to the savings done by the government. Public savings is calculated by subtracting the government expenditure from the taxes.
Public savings = Taxes - Government spending
= $320 - $270
= $50 million
Therefore, a positive public savings indicates that there is a budget surplus.
Answer:
True
Explanation:
Retained earnings are profits that management opts not to distribute to shareholders. They are profits invested back in the business. The statement of retained earnings is the financial statement that records the retained earnings.
Calculation of retained earnings is by deducting dividends from the net profits. In the statement of retained earnings, net profits are added to the beginning balance of retained earnings and subtracting dividends declared.
Answer:
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Explanation:
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Answer:
I believe this saying refers to how we need challenges in our lives so that we can experience failure and learn from it.
Answer:
d. All of these
Explanation:
Personal financing is the process of organizing and managing an individual or household's income to achieve set financial goals. It involves managing personal finance activities such as income, expenditure, savings, and investments. The primary objective of personal finance is to assist individuals maximize their current incomes and make future plans. As a result, they can achieve both short term and long term goals.
