8. Factors that influence standard of living

Q: Find the savings when the income is 80 and the consumption is 60

A: Generally in the given question, Income value is = 80 Consumption value is = 60 Savings = ? Needed

Q: Describe the steps you will take to create your financial plan and budget

A: We show the The first step is to define and agree on your financial goals and objectives.   A…

Q: What impact do small business owners have on the country’s economy?

A: The objective of this question is to understand the role and impact of small businesses on a…

Q: Write on simple circular flow of income

A: Circular flow of income explains how the income flows in circle in an economy.

Q: 16 - Which of the following is the production value of a Turkish artisan who produces bread in…

A: Gross domestic product (GDP) is the total value of all the goods and services produced within the…

Q: 10 basic goods and services needed by people

A: Goods:- It  can be anything from  supplies,merchandise, raw materials to already finished products.…

Q: The household has an income of $10000 and it's consumption is also $10,000 Calculate APC

A: The information being given is:- Income (Y) = 10,000 Consumption (C) = 10,000 So both values are…

Q: Calculate the value of APC when Consumption is given to be $230 and the income is $500

A: We can calculate the value of Average propensity to consume by didi Consumption by savings.  APC = C…

Q: As a manager, what should you do if you need to act on a matter which is beyond your level of…

A: If a certain task or decision is beyond the score of role and responsibility of a manager, she…

Q: It is given that savings is $600 and income is $1300 Calculate APS

A: It is given that:- Savings of the household = $600 Income of the Household = $1300

Q: Identify some reasons why household incomes differ. Which factors are the most important?

A: There are various factors that affect the income of households such as:

Q: What's the meaning of income

A: Meaning of Economics: The term economics refers to the situation under which there remain…

Q: Barney decides to quit his job as a corporate accountant, which pays $11,000 a month, and goes into…

A: Implicit cost is the foregone income that could have been earned if resources were invested…

Q: Aaron, an insurance agent, meets with his long-time client Samantha, a 59-year-old paralegal because…

A: NOTE:- “Since you have posted multiple questions, we will provide the solution only to the first…

Q: What can be considered a benefit? Choose all that apply. A. salary B. wage C. pension D. health…

A: Benefit means the advantage received by an individual. An individual can receive a benefit in…

Q: 5. Choose the item that represents an expense. A. Wages from a part-time job B. Loan payment Dir…

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…

Q: Give typing answer with explanation and conclusion Ben will have earned a degree in math by the end…

A: The marginal analysis will enable one to figure out the most advantageous level of engagement for a…

Q: How do I graph the amount of fertilizer that needs to be added to an acre of land and the amount of…

A: A graph is a visual representation of information that is used to show the relationship or pattern…

Q: What is the lower present value product?

A: The present value is the current worth of a stream of future cashflows given a certain return rate.…

Q: What will be the Savings given that income is $3200 and APS is 0.48

A: The data presented in the question above is:- Income = $3200 Average propensity to save = 0.48…

Q: If we make a year-to-year change analysis for year 2010 and 2011 using the following information,…

A: Given values of Net Income :- 2009 = 2000 2010 = 6412 2011 = 9919

Q: You work for the Committee for Economic Evaluation in the small nation of Kinsdale. Your current job…

A: GDP is the gross domestic product.  GDP is defined as the monetary value of all the goods and…

Q: How do get break even level of income

A: The breakeven point is determined by partitioning the fixed expenses of production by the cost per…

Q: 10. was formed to ensure that employees have safe and healthy working conditions.

A: At the marketplace, government has established various authorities and administrations to ensure the…

Q: Calculate the value of APC when Consumption is $315 and the value of income is $850

A: # The value of APC is given as:- APC = Consumption/Income

Q: Hailey is a bank teller who received $11,500 as mid year bonus and bought a DVD worth $10,800 . How…

A: The disposable income is the income left after paying the taxes. It can be spent or saved on goods…

Q: Explain the purpose of creating a budget?

A: A budget is a financial plan or framework that outlines an individual's or organization's expected…

Q: What is a budget and why is budgeting important?

A: A budget is a financial plan that outlines an individual's or organization's expected income and…

Q: You have 5 kids and work 2 jobs to help support your family. You work a day job from 8:00 am to 4:00…

A: Production possibility frontier is a graphical representation that shows different possible outcomes…

Q: what is household ?

A: ‘Household’ is an important factor of an economy. It is regarded as a unit. The consumption(C) of…

Q: What is the main difference between personal and disposable personal income?

A: Personal income is total payment to individual either productive income or else, it can include…

Q: How MR is calculated.

A: Below is the formula that can be used to calculate the MR: MR = dTRdQ Here, MR  = Marginal Revenue…

Q: Assume that Kim deposits $1,500 in currency in the Trusty Bank. Later that same day Akio negotiates…

A: Money supply refers to total monetary supply available at a point of time in economy.Money supply…

Q: I need help with 4 and 5

A: Since you have asked to answer parts (4) and (5), we are answering only that for you. A government…

Q: What are the factors used to measure economic well being?

A: The economics is derived from the GREEK word OKIONOMIA meaning management of household. It give the…

Q: is consumer spending likely to go up or down in the next 12 to 18 months

A: Consumer Spending: This refers to the total amount of money spent by individuals or households on…

Q: Where do most people's largest portion of their personal income comes from?

A: People provide their services to the private, public and other sectors and receive benefits in terms…

Q: Can profits exceed value added?

A: Value added in economics refers to the term that expresses the difference between the value of goods…

Q: Discuss factors that affect your consumers’ purchasing power and spending patterns. What is the…

A: A consumer refers to the individual or a group that usually buys goods and services for the purpose…

Q: what is income ?

A: Income from a person or business derives an exchange by providing employees, good production or…

Q: 8 Write an email (120-150 words) to ask for • information about an activity that you would like to…

A: Subject: Inquiry About Yoga Classes Dear Sir/Madam, I recently came across your yoga classes while…

Q: ) Suppose, you are a borrower. Explain with the help of a diagram, how your optimal choice as a…

A: A borrower refers to people who borrow money from one person to another. Borrowers have to pay…