A fall in the level of prices increases the money value while the increase in the prices level decreases the money value. Inflation is a sustained increase in the general price level of goods and services in an economy over a period of time. This means as the inflation rises every dollar buys a smaller percentage of a good or a service.
Answer:
current account balance = $271.8 billion
Explanation:
given data
exported goods worth = $312 billion
exported services worth = $198 billion
imported goods worth = $525 billion
imported services worth = $255 billion
sent famine relief to Africa = $1.2 billion
received = $3 billion
to find out
current account balance in Vesey
solution
we know that current account balance as
current account balance = total expenses - total revenue .............1
here
total expenses are = $525 + $255 + $3 = $783 billion
and total revenue = $312 + $198 +$1.2 = $511.2 billion
so from equation 1
current account balance = $783 billion - $511.2 billion
current account balance = $271.8 billion
Answer:
The answer is 140 parents and 70 students
Explanation:
To start let's analyze the second constraint. Every two parents must bring one student. It means that the number of parents is always twice the number of students.
#parents = 2*#students.
If we want to maximize profits the best would be to fill the auditorium to its maximum capacity, so we have to use the first constrain, it means 210 people between students and parents.
210 = #students + #parents.
replacing the first equation into the second,
210 = #students + 2*#students = 3*#students,
we have that the number of students is
#students = \frac{210}{3} = 70,
and the number of parents is twice the number of students,
#parents = 2*70 = 140.
Answer: D) cyclical
Explanation:
Cyclical Demand is difficult to predict because it goes according to the business cycle and hence is affected on a Macro Economic scale by events at a National or International level.
This means that something could be in demand today but the demand could fall or rise sharply based on the stage of the business cycle the economy is in.