Answer:
The GDP in this economy is $6,230 billion.
Explanation:
The GDP can be calculated using the following formula:
Y = C + I + G + (X - M) ....................................... (1)
Where:
Y = GDP of the economy
C = Personal Consumption Expenditures = $4,500
I = Gross Private Domestic Investment = $800
G = Government Purchases = $950
X = Exports = $65
M = Imports = $85
Substituting the values into equation (1), we have:
Y = $4,500 + $800 + $950 + ($65 - $85)
Y = $6,250 - $20
Y = $6,230
Since the figures are in billions of dollars, the GDP in this economy is therefore $6,230 billion.
Answer:
Equilibrium price= $3
Equilibrium quantity= 500 tons
Explanation:
At equilibrium, quantity demanded is equal to quantity supplied.
It was give that Income= $50,000
So Qd= 300- 100p +0.01(50,000)
Qd= 300- 100p + 500= 800- 100p
Also Cost is given as $5
So Qs= 200+ 150p- 30(5)
Qs= 200+150p- 150= 50+ 150p
At equilibrium Qd= Qs
800-100p= 50+ 150p
Rearranging you get
800-50= 100p+ 150p
750= 250p
750/250= p
$3= p
This is the equilibrium price, subsititute p in equation Qd= 800- 100p
Qd= 800- 100(3)
Qd= 800- 300= 500 tons
So 500 is the equilibrium quantity
When the value of technology utility and network externality benefits exceeds monopoly Costs.
The answer that I choose was false
Answer:
The answer is C. only liable on pre-formation debt until a novation occurs.
Explanation:
The corporation and the third-party agree to release the promoter from liability and to substitute the corporation in place of the promoter as the party liable on the contract. May be express or implied.
