Answer: One way an entrepreneur might identify a new business idea is by looking at industry trends and data.
Explanation: Data and trends can reveal new products and businesses that could be useful to consumers.
Answer:
Exports are the goods and services a nation produces and sells to other nations: imports are the goods and other services a nations buys from other nations.
Explanation:
All goods or services produced within the borders of a country are local products. If the local producer sells the products outside the boundaries of that country, those are exports.
If residents of a country buy goods or services made in other countries, those products are imports. Imports may be for consumption or materials to produce other goods.
Answer:
Explanation:
Which of the following is a reason why decreases in the price level result in a rise in aggregate expenditure?
As the price level rises, government spending falls, which lowers aggregate expenditures. ... Price level increases raise real wealth which causes consumption spending and aggregate expenditures to decline. Price level increases cause firms and consumers to hold more money, which raises the interest rate.
Answer:
PV= $50,981.17
Explanation:
<u>First, we need to calculate the future value at the end of the period:</u>
FV= {A*[(1+i)^n-1]}/i
A= annual payment
FV= {7,500*[(1.071^19) - 1]} / 0.071
FV= $283,234.78
<u>Now, the present value:</u>
PV= FV/(1+i)^n
in this case n=25 years
PV= 283,234.78 / (1.071^25)
PV= $50,981.17
