<span>The workers had believed that they deserved shorter work days and better pay. The management had believed that the workers did not have a right to strike. Cheap labor was available.
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Answer: The answer is given below
Explanation:
a. . Private saving
Private saving=Y+TR-C-T
= $11t + $1t - $8t - $3t
= $12 trillion - $11 trillion
= $1 trillion
b. Public saving
Public Saving= T-G-TR
Since G is not given, we can use:
I = public saving + private saving
$2t = public savings + $1t
Public saving= $2 trillion - $1 trillion
Public savings = $1 trillion
c. Goverment purchases
Since public savings = T - G - TR
$1t = $3t - G - $1t
G = $3t - $1t - $1t
G = $3 trillion - $2 trillion
G = $1 trillion
d. The goverment budget deficit or budget surplus.
There is a budget surplus of $1 trillion which has been calculated in the public savings.
The government’s action that they use in limiting the amount
of scarce of goods for citizens to buy during the wartime is rationing.
Rationing is an action or process of having a person to have a limited or fixed
amount in which in goods—they can only have or brought a limited amount of
goods.
Present Value involves discounting, and future value involves compounding.
The find present value of a dollar a year from now, we must discount by the discount rate, since a dollar a year from now is not worth as much as a dollar today.
To find the future value (in a year) of a dollar we receive today, we increase the dollar by the discount rate, since our dollar today is worth more than a dollar a year from now.
(A) Minimum dollar amount that can be in an account