Explanation:
a. Total income formula is:
Y= C+I+G+NX
Y=20.1+3.5+5.2+(-1)
Y= $27.8 billion
b. In closed economies, income is calculated with this formula:
I=Y-C-G
I= 1.5-1-0.8
I= -$0.3 trillion
In open economies, income cannot be calculated because net exports (NX) data is missing.
c. NX is
NX= 576-445-115-81
NX= -$65 billion
NX is exports minus imports, in this case imports are more than exports. To calculate exports you need imports data.
Answer:
$15,000
Explanation:
Amount of tax that will result in unconsummated transaction will be :
Consumer values of house $525,000
Less completed transaction $510,000
Tax $15,000
Therefore $15,000 is the amount of tax which will result in Unconsummated transaction because the actual value of the house was $525,000 in which the transaction process was later completed at $510,000.
To keep prices low than you’re going to need to use cheaper materials. Also you’re going to need to have less staff. If you’re spending more money than you’re making than you’ll go out of business. Invest in advertising as well.
Answer:
how much all buyers are willing and able to buy at each possible price
Explanation:
<em>A market demand curve reflects how much all buyers are willing and able to buy at each possible price.</em>
The individual demand curve is a graph that elicits the kind of relationship that exists between the demand for a product and the price of the product at a specific period.
<u>The market demand curve sums up all the individual demand for a product at a particular price in the market. It is the total quantity of product buyers are willing and able to buy at each possible price of the product.</u>
The higher the individual demands for a product at a specific price, the higher the market demand and vice versa.
Answer:
Bank, savings account.
Explanation:
The average interest rate that you get if you put your money in Saving account is only between 0.06 - 0.35 % each year. For most people, this won't even cover the bank charges.
But, other form of accounts that provide you higher interest rates typically less liquid. It means that the amount of money that you put would be stuck in that account for a specific period of time. You wouldn't be able to take out the money that you put in such account until the period is over.