Explain why an economys income must equal its expenditure.
Question:
Explain why an economy’s income must equal its expenditure.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 85% (14 reviews)
An economys income must equal ...View the full answer
Answered By
HILLARY KIYAYI
I am a multi-skilled, reliable & talented Market analysis & Research Writer with a proven ability to produce Scholarly Papers, Reports, Research and Article Writing and much more. My ultimate quality is my English writing/verbal skill. That skill has proven to be the most valuable asset for project writing, Academic & Research writing, Proofreading, HR Management Writing, business, sales, and a variety of other opportunities.
4.80+
24+ Reviews
60+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Explain why you must earn 10% on all income received from an investment during its holding period in order for its yield actually to equal the 10% value youve calculated.
-
Business Application: Valuing Land in Equilibrium: Suppose we consider a Robinson Crusoe economy with one worker who has preferences over leisure and consumption and one firm that uses a constant...
-
Explain why total financial assets in the economy must equal total financial liabilities.
-
Engineers observe that about 90% of graphite samples fracture within five hours when subjected to a certain stress. (a) If the time to fracture is modeled with an exponential distribution, what would...
-
1. Is it true that the transpose of the transpose of a matrix is the original matrix? 2. Give an example of a matrix that is its own transpose.
-
A bank manager wishes to provide prompt service for customers at the bank's drive-up window. The bank currently can serve up to 10 customers per 15-minute period without significant delay. The...
-
Water flows into the sink shown in Fig. P3.91 and Video V5.1 at a rate of \(2 \mathrm{gal} / \mathrm{min}\). If the drain is closed, the water will eventually flow through the overflow drain holes...
-
The following costs were incurred in February 2010 by Container Corp., which produces customized steel storage bins: The balance in Work in Process Inventory on February 1 was $16,800, which...
-
Describe two corporate social responsibility initiatives that Cambridge College (Boston) could adopt. Explain in details.
-
8. A financial analyst is forecasting the expected return for the stock of Himalayan Motors. The analyst estimates the following probability distribution of returns: Probability Return 20% -5% 40 10...
-
Which contributes more to GDPthe production of an economy car or the production of a luxury car? Why?
-
Under what conditions will a firm exit a market? Explain.
-
What items are typically included in a job description? What items are not shown?
-
The employees of Custom Clothes work Monday through Friday. Every other Friday the company issues payroll checks totaling $32,000 (or $3,200 per weekday). The current pay period ends on Friday,...
-
Divide and completely simplify the following: x+5214 x-4 x-49 x-2
-
Define any two of the following terms: Autocratic Leader. Situational leadership model. Leadership style.
-
Considering retail price is 100% consisting both cost and initial markup, a salesperson presented The Wonderland Bookstore, a store that carries Lewis Carroll memorabilia, an opportunity to stock...
-
In order for a student to go on the road with the band, they need to return a permission slip signed by their parent or guardian. In cell C12, enter a VLOOKUP to retrieve the value from the...
-
What are the potential problems of using a graphing utility to estimate lim xa f(x)?
-
A genetically engineered strain of Escherichia coli (E. coli) is used to synthesize human insulin for people suffering from type I diabetes mellitus. In the following simplified reaction scheme,...
-
The residents of Vegopia spend all of their income on cauliflower, broccoli, and carrots. In 2010, they buy 100 heads of cauliflower for $200, 50 bunches of broccoli for $75, and 500 carrots for $50....
-
Suppose that people consume only three goods, as shown in this table: a. What is the percentage change in the price of each of the three goods? b. Using a method similar to the consumer price index,...
-
A small nation of ten people idolizes the TV show American Idol. All they produce and consume are karaoke machines and CDs, in the following amounts: a. Using a method similar to the consumer price...
-
Privack Corporation has a standard cost system in which it applies overhead to products based on the standard direct labor-hours allowed for the actual output of the period. Data concerning the most...
-
HomeLife Life Insurance Company has two service departments ( actuarial and premium rating ) and two production departments ( advertising and sales ) . The distribution of each service department s...
-
Otsego Industries manufactured 300,000 units of product last year and identified the following costs associated with the manufacturing activity: Variable costs: Direct materials used Direct labor...
Study smarter with the SolutionInn App