Answer:
Explanation:
Gross income = 1070
net income = gross income - tax = 1070 - 210 = 860
payment to credit card = 128
debt payment to income ratio without college loan
= 128 / 860
= .1488
Answer:
a) 469.40%
b) 18.15%
Explanation:
a)
Total nominal growth rate =
thus,
Total nominal growth rate =
= 469.40%
b) Total real growth rate =
now,
Real earned income in 1976 =
=
= $20,267.54
and,
Real earned income in 2016 =
=
= $23,947.21
Therefore,
Total real growth rate =
= 18.15%
The three basic questions in Economics are all of these,except When to produce
Answer:
The correct answer is B
Explanation:
Resources are used efficiently in the sunhat market because when marginal social benefit equals marginal social cost, total surplus is maximized. Thus, From the given four options only the option B is the correct option.
MSC = Marginal Social cost
MSB = Marginal Social Benefit
It is becuase in the competitive market, the quantity that is supplied in the market in same to the quantity which is demanded.