The collection, transformation, and organization of data in order to draw conclusions, make predictions, and drive informed decision-making describes what?

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Answer 1

Data analytics is the collection, transformation, and organization of data in order to draw conclusions, make predictions, and drive informed decision-making.

Analyzing data collections to identify trends and make judgments about the information they contain is known as data analytics (DA). Data analytics is increasingly carried out with the use of specialist hardware and software.

For instance, it facilitates audience segmentation by various demographic categories, analyses opinions, and trends in each category, and generates more precise, accurate, and useable snapshots of public opinion.

A significant amount of data is processed at various phases of business analytics, and there are five major types of analytics:

descriptive, diagnostic, predictive, prescriptive, cognitive.

Organizations may better manage their data and find new opportunities by using data analytics. This results in wiser company decisions, more effective operations, greater profitability, and happier clients.

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Related Questions

Using the same resources, the country of Zanzibarus produces 12 million pounds of beef or 5 million pounds of pork. Zanizibarus has a (n) ________ in beef in contrast with pork production.

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Using the same resources, the country of Zanzibarus produces 12 million pounds of beef or 5 million pounds of pork. Zanizibarus has a (n) Comparative Advantage in beef in contrast with pork production. This is further explained below.

What is Comparative Advantage?

Generally, Superior performance in one economic activity (such as the production of one product) over another.

In conclusion, Using the same amount of resources, the nation of Zanzibar can produce 12 million lb of beef or 5 million lb of pork. Zanzibar has an n-Comparative Advantage in the beef market compared to the pork market.

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A basic interest rate that is not adjusted for inflation is called a(n)___ interest rate.

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A basic interest rate that is not adjusted for inflation is called a nominal interest rate.

What is Inflation?

It should be noted that inflation simply means the increase in the prices of goods and services.

In this case, nominal interest rate is the basic interest rate that is not adjusted for inflation.

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Answer:

Nominal is the answer

Explanation:

The Hallmark Card Company is able to maintain good dealer relationships because it limits the number of stores in a geographic area and carefully monitors the quality of the stores through which it sells. Hallmark uses _____ distribution. Group of answer choices selective extensive concentrated exclusive intensive

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Hallmark uses Selective distribution.

What is Selective Distribution? Selective Distribution: This refers to a strategy where a firm opens a particular or less number of outlets first in a specific location.This might be limiting at first but is surely a good start as this not only reduces the chances of loss instead helps the brand/ firm to prosper and focus on its product quality.Initially, the retailers and distributors appointed by the firms are few but later on, this marketing strategy proves to be superior. The benefits of Selective Distribution are Better market coverage than distribution.Concentrated efforts on specific outletsMore control and less cost than intensive distribution

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Brett offers to sell his old cell phone to James for $65. James says he will accept the offer if Brett lowers the price to $60. James has __________. Multiple Choice entered into an executory contract made an unequivocal acceptance made a counteroffer demonstrated the exculpatory rule entered into an option contract

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James  has made a counter offer.

What Is a Counteroffer?

A counteroffer is a response given to an initial offer. A counteroffer means the original offer was rejected and replaced with another one. The counteroffer gives the original offered three options: accept the counteroffer, reject it, or make another offer.

Counteroffers are prevalent in many types of business negotiations, transactions, private and public deals between two individuals or two entities. You may find them in real state deals, employment negotiations, car sales, private placements, mergers acquisitions, takeovers, etc.

Thus, we can say that James  has made a counter offer.

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The ________ is a document that describes the marketing environment, outlines the marketing objectives and strategies, and identifies how the company will implement and control those strategies.

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The marketing plan is a document that describes the marketing environment, outlines the marketing objectives and strategies, and identifies how the company will implement and control those strategies.

An advertising and marketing plan is the advertising method that an enterprise will implement to promote its product or service. The marketing plan will help determine who the goal marketplace is, how quality to reach them, at what charge factor the products or services must be sold, and the way the organization will degree its efforts.

Types Of Marketing Plans And Strategies

Market Penetration Strategy.Market Development Strategy.Product Development Strategy.Diversification Strategy.

An advertising and marketing plan needs to not simplest focus on patron acquisition; it has to also keep in mind the entire purchaser adventure, from product improvement to purchaser onboarding and provider. this will assist make sure that you're watching for and representing clients' desires.

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Which of the following is NOT a public good provided by the government?

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Electricity is not given away for free. People are charged for the goods or units of power they use. Ths it is not provided by the government as a public good.

What are public goods?

A good or service that can be consumed by one person without excluding others (national defense, flood control, street lights, open-sources software).

A good that the government offers that is both non-excludable and non-rivalrous is known as a public good.

Public goods include things like security, law enforcement, streetlights, and lighthouses. When there is a market failure, governments frequently try to supply public goods.

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______ costs are costs that make customers reluctant to switch to another product or service. Multiple choice question. Production Supplier Consumer Switching

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"Switching costs" are costs that make customers reluctant to switch to another product or service.

What is Switching cost?

The expenses a consumer incurs as a result of switching brands or products are known as switching costs.

The possible switching costs are -

Financial, psychological, effort-based, andtime-based

The switching cost can be created by-

The value that points programs generate for the brands that use them and the customers who take part in them much outweighs their seeming simplicity.By rewarding customers with points for every purchase, brands can increase the switching costs' motivating effect by giving their customers something to lose if they go to a rival.

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An organization should consider only projects with a positive ________ if financial value is a key criterion for project selection.

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Net Present Value (NPV).

A positive NPV means the return from a project exceeds the cost of capital return available by investing the capital elsewhere

More about NPV :

The difference between the current value of cash inflows and withdrawals over a period of time is known as net present value (NPV). To evaluate the profitability of a proposed investment or project, NPV is used in capital budgeting and investment planning. Calculations to determine the present value of a future stream of payments yield the NPV.

NPV compares similar investment options by taking the time value of money into account. Any project or investment with a negative net present value (NPV) should be avoided since the NPV depends on a discount rate that may be calculated from the cost of the capital needed to invest.

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Your client Ellis is purchasing a property for $520,000. He made a down payment of $200,000 and plans to finance $320,000. What is the LTV ratio as rounded to the nearest percentage

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The LTV ratio as rounded to the nearest percentage is:62%.

Loan-to-value ratio

Using this formula

Loan-to-value ratio = Margo finance / Purchase cost

Let plug in the formula

Loan-to-value ratio = $320,000 / 520,000×100

Loan-to-value ratio = 61.5%

Loan-to-value ratio =62% (Approximately)

Therefore the LTV ratio as rounded to the nearest percentage is:62%.

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Which of the following explain the concept of explicit costs? (Check all that apply.) Multiple select question. A firm's monetary payments made for the use of resources owned by others. A firm's monetary payments that self-employed resources could have earned in their best alternative use. A firm's monetary payments to those who supply labor services, materials, fuel, and transportation services. A firm's monetary payments received for the use of resources owned by the firm.

Answers

The phrase "explicit costs" refers to a company's monetary payments to individuals who provide labor, materials, fuel, and transportation services as well as payments paid for the use of resources that belong to other people. The correct option is (a) & (c) .

What is labor specialization?When businesses separate their production or service process into many fixed tasks, specialization of labor, also known as division of labor, develops. Employees don't complete numerous tasks themselves; instead, they repeat a single step of the production process.The marginal-cost, average-total-cost, and average-variable-cost curves all move up.Y

What is division of labor and specialization in economics?

When a worker is specialized, they only carry out a small number of different jobs. In the context of businesses, it alludes to many businesses that specialize in manufacturing various items or services. When a good or service is produced, various workers are assigned to distinct duties. This is known as division of labor.

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Often, products enter the Blank______ stage of the product life cycle not due to any error in strategy but because of environmental changes.

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Often, products enter decline the  stage of the product life cycle not due to any error in strategy but because of environmental changes.

What is product life cycle?

A product life cycle is the amount of time a product goes from being introduced into the market until it's taken off the shelves. There are four stages in a product's life cycle—introduction, growth, maturity, and decline.

What is the decline stage?

The final stage of the product life cycle (after introductory stage, growth stage and maturity stage) when sales are dropping because the original need and want have diminished or because another product innovation has been introduced.

The sales of most products will decline at some stage. This can be due to factors such as technological advances, trends, innovation or changing consumer tastes. You will know when your product reaches the decline stage of its life cycle because you will notice a significant downturn in the revenue it generates.

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When buying on margin, brokers typically charge Blank______ interest. Multiple choice question. no low high\

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When buying on margin, brokers typically charge low interest.

What is margin?

Margin is the sum of money borrowed from a broker to pay for an investment; it is equal to the difference between the investment's entire value and the loan sum.

In the field of finance, the term "margin" has many different definitions. A company's profitability can be determined by looking at its profit margin. Margin is a deposit made by an investor to open a position in the realm of futures trading. In contrast, the margin in stock trading is cash borrowed from a broker. However, before taking out one of these loans, keep in mind that interest will be charged on money borrowed in margin accounts.

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Consumers are required to apply their skill or analytical or creative thinking to try to win a prize in a(n)

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Consumers are required to apply their skill or analytical or creative thinking to try to win a prize in contests.

Analytical or creative thinking:

While creative thinking is occasionally referred to as "lateral" thinking, analytical thinking is also known as logical thinking. Others go further to highlight the idea by comparing it to whether thinking is more left-brain (analytical) or right-brain (creative).

Converging on facts, data, knowledge, judgment, experience, and wisdom in quest of the best answer is known as analytical thinking. Diverging one's thinking to consider a wide range of possibilities is the act of being creative.

It's common for people to identify themselves as either analytical or creative thinkers, and to some extent, this is true because most people tend to lean more toward one or the other. But skills are frequently less natural than people believe.

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Answer: contest or contests

Explanation:

What is the name of the document that companies use to report quarterly financial results?.

Answers

Answer:

 Form 10-Q

Explanation:

Movements in exchange rates can have a powerful effect on incentives to export and import, and thus on ________________ in the economy as a whole.

Answers

Answer:

aggregate demand

Explanation: took the quiz

It is every employee’s responsibility to help implement administrative decisions.

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Yes, It is every employee’s responsibility to help implement administrative decisions.

What is administrative decisions and how does it concern the employees?

The  administrative decisions are the decision that is been made by the management of the organization to achieve the goals of the organization.

however, this decision should be implemented by all the employess.

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Investment depends on the ______ interest rate, and money demand depends on the ______ interest rate. a. real; real b. nominal; nominal c. real; nominal d. nominal; real

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The correct option is C.

What are investments?

Investment is a broad term used to refer to any asset or item(s) that are acquired with the sole aim of generating profit. These investments often take various forms such as

Shares investmentsProperty investments Cash investments Fixed interest investments.

Typically these investments depend on the real interest rate, and money demand depends on the nominal interest rate.

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George is fun to be around but loses interest in his work without regular dialogues about it. As a portfolio risk analyst, his tasks can be tedious and detail-oriented. To keep George motivated, his manager can

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To keep George motivated, his manager can plan weekly meetings for staff to discuss their work.

In the question, we are given,

George is fun to be around but loses interest in his work without regular dialogues about it.

As a portfolio risk analyst, his tasks can be tedious and detail-oriented.

Therefore, if George's manager plan weekly meeting for staff to discuss their work. It will give George time and place to work with regular dialogues without which he can not work.

Hence, to keep George motivated, his manager can plan weekly meeting for staff to discuss their work.

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Children are difficult subjects for market researchers because they have poor recall and often do not understand the questions they are asked. This brings into question the ________ of the survey.

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the correct answer to be filled in the gap is reliability of the survey.

survey-

Reliability is involved with the consistency of our measurement. This is the extent to which the questions elicit the identical kind of data whenever we use them, under the identical conditions. This is mainly essential in satisfaction and brand monitoring research due to the fact that adjustments in query wording and structure are probable to elicit exceptional responses.

Reliability is likewise associated with inner consistency, which refers to how exceptional questions or statements measure the identical characteristic.

Market segmentation research offer a sensible utility of this concept. Many of those research try and seize psychographics and assemble behavioral or satisfaction segments. We do it regularly with the aid of asking respondents to rate a list of statements by using distinct rating scales.

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A sales tax imposed on sellers shifts the supply curve leftward for the taxed good because the.

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Option 1. Tax is paid by the seller to the government and is, therefore, like a cost of production.

Since sellers have to pay tax to the government, it decreases the effective price received by the seller (= post-tax equilibrium price - Unit tax), so sellers produce less, decreasing market supply.

Tax incidence is the manner in which the tax burden is divided between buyers and sellers. The tax incidence depends on the relative price elasticity of supply and demand. When supply is more elastic than demand, buyers bear most of the tax burden.

When a tax is imposed on the buyers of a good, the demand curve shifts downwards with respect to the amount of tax imposed, thus causing the equilibrium price and quantity of commodities demanded to reduce.

Your question is incomplete. please read below to find the full content.

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The practice of using team selling to focus on important customers so as to build mutually beneficial, long-term, cooperative relationships is known as

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Major Account Management is the practice of concentrating on key clients in order to develop long-term, cooperative relationships that are mutually profitable.

Understanding who makes choices, who our rivals are, and how our product affects the customer's business are all important aspects of managing major accounts. Those in management should keep refining their analytical, networking, and questioning skills.

Since success does not just happen, any important account needs to be managed. Organizing a regular review meeting with the customer, educating the account staff to better understand the customer, handling issues and managing complicated projects are all examples of managing. When I say manage, I mean performing all those actions that make things run smoothly. We will significantly boost our chances of long-term, sustainable success if we put a lot of effort into each of the account management areas and if we earn our consumers' confidence.

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The demand for a good increases when the price of a substitute in consumption ________ and also increases when the price of a complement in consumption ________.

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The demand for a good increase when the price of a substitute in consumption decreases and also decreases when the price of a complement in consumption increases.

What is demand and supply?Supply and demand is an economic theory that describes how prices are set in a market in microeconomics. In a competitive market, it is hypothesized that all else being equal, the unit price for a specific good or other traded good, such as labor or liquid financial assets, will fluctuate until it settles at a point where the quantity demanded (at the current price) will equal the quantity supplied (at the current price), resulting in an economic equilibrium for price and quantity transacted. It is the theoretical cornerstone of contemporary economics.

Therefore, the demand for a good increases when the price of a substitute in consumption decreases and also decreases when the price of a complement in consumption increases.

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Daniel's failure to deliver ice-cream makers and waffle makers on time resulted in a two-week delay in the opening of Sheena's new ice-cream parlor. Sheena incurred a heavy loss since she had to pay the rent for those two weeks as well as salaries to the personnel hired. In this case, which of the following remedies is a court most likely to award Sheena? Group of answer choices nominal damages liquidated damages differential damages specific performance consequential damages

Answers

consequential damages remedies is a court most likely to award Sheena.

Consequential damages: What are they?

The plaintiff may sue the defendant for injury incurred as a result of the defendant's actions by claiming consequential damages, also known as special damages.

How can consequential damages be proved?The claimant must demonstrate that consequential damages were both  reasonably foreseeable at the time the parties entered into the contract proximately caused by the breach in order to be awarded compensation. The harder obstacle to clear is proving the quantity, which is more difficult than determining foresee ability.What is an illustration of a consequential damage?

Property damage, bodily harm, legal costs, lost earnings, loss of usage, buyer liability to customers, loss of goodwill, interest on money withheld by consumers, and losses resulting from third-party claims are examples of consequential damages.

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An employer cannot discharge a worker who, in good faith, refuses to work in a high-risk area if bodily harm or death might result. Group of answer choices False True

Answers

It is true to say that an employer cannot dismiss a worker who, in good faith, refuses to work in a high-risk area.

What are work safety procedures?

They are a set of legal measures that must be in place in every organization whose services and practices can put an employee's safety at risk, such as handling chemicals and environments with unhealthy conditions.

Therefore, every employee must have a healthy work environment, with prevention of work accidents and safety to protect their health and physical and mental integrity.

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A(n) ________ estate represents the most complete form of ownership of real estate; the owner is free to divide it up into lesser estates and sell, lease, or borrow against them as he or she wishes.

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A fee simple estate represents the most complete form of ownership of real estate.

In fee simple ownership, all rights to the land are unrestricted and unconditional. Absolute estate is a sort of infinite estate. When a deed transfers land unconditionally to a recipient—typically "to John Doe" or "to John Doe and his heirs"—a fee simple is normally generated.

If 123 ABC Street is transferred via a warranty deed, for instance, the land would revert to the grantor if 123 ABC Street is no longer being utilized as a school. A fee simple determinable estate would be this one.

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as asked to share how she would conduct a product launch with a limited budget and only three weeks. The interviewer was testing her ________ ability

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The blank will be fill by effective and efficient.

There is a significant distinction between the words effective and efficient, even though both words indicate "capable of generating a result." Effectively translates as "getting the desired effect." In order to produce desired results without wasting resources (materials, time, or energy), anything must be efficient.

As asked to share how she would conduct a product launch with a limited budget and only three weeks. The interviewer was testing her  effective and efficient ability.

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Which strategy is most effective in minimizing political risks for a multinational corporation in situations in which the technology is unique and the

Answers

Licensing is the strategy is most effective in minimizing political risks for a multinational corporation in situations in which the technology is unique and the risk is high.

A transfer-related market entry method is licensing. It entails one company (referred to as the licensor) authorizing another company to utilize its intellectual property for a predetermined amount of time.

A corporation receives money from licensing agreements, known as royalties, for enabling another company to utilize its copyrighted or patented content. Songs, sports team logos, intellectual property, software, and technology are a few examples of things that can be licensed.

Disclaimers

Which strategy is most effective in minimizing political risks for a multinational corporation in situations in which the technology is unique and the risk is high?

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When young people are first entering the workforce and establishing themselves in their career, what do they tend to consider as the most important

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They tend to consider extrinsic rewards as the most important.

Extrinsic rewards:

A tangible and obvious reward provided to a person or employee for accomplishing something is known as an extrinsic rewards. They typically have a monetary value, such as a raise in pay, a bonus, an honour, or public acclaim. They are typically proposed by the person's immediate management, who chooses them.

Examples of extrinsic rewards in the workplace

Job perks and flexible work arrangements.Corporate gifts.Bonuses.Wage increases or promotions.Profit-sharing programs.

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A company pays each of its two office employees each Friday at the rate of $210 per day for a five-day week that begins on Monday. If the monthly accounting period ends on Tuesday and the employees worked on both Monday and Tuesday, the month-end adjusting entry to record the salaries earned but unpaid is:

Answers

If the monthly accounting period ends on Tuesday and the employees worked on both Monday and Tuesday, the month-end adjusting entry to record the salaries earned but unpaid is $840.

For two employees and for two days, the adjustment made was 4 times their per day income.

Total month end adjusting entry will be 2×2×$210 = $840

What is Accounting Period?

A set period of time, such as a calendar year or fiscal year, is referred to as an accounting period in which income balance of whole month is calculated.It is used for performing, aggregating, and analyzing accounting operations.The accounting period is helpful for investing because prospective investors can assess a company's success by looking at its financial statements, which are based on a set accounting period.What is Month-End Adjusting Entry?Month-End Adjusting Entry is a record created at the conclusion of an accounting period that allows an income or expense to be recognized in the timeframe in which it is incurred.Accruals, deferrals, and estimations are the three forms of Month-End Adjusting Entry that are most frequently used.What is Fiscal Year?Companies and governments utilize fiscal years, which are one-year periods, for financial reporting and planning.The most typical accounting period utilized to create financial statements is a fiscal year.A company's fiscal year is based on 3 determining parameters namely financial reports, external audits, and federal tax filings.

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You are given the following information about the open economy of Macroland for 2014: - GDP $100 billion - Consumption $70 billion - Tax revenues $15 billion - Transfer payments $8 billion - Government spending $20 billion - Exports $10 billion - Imports $12 billion a. What is the level of investment spending in Macroland in 2014? b. What is the level of capital inflow for Macroland in 2014? Is Macroland borrowing from foreigners or lending to foreigners? Explain your answer. c. What is private savings equal to in Macroland in 2014? d. What is the government budget balance equal to in Macroland in 2014? e. Does national savings + capital inflow equal investment spending for this economy in 2014? Explain your answer. f. Is the government of Macroland saving or borrowing funds in 2014? Explain your answer.

Answers

The investment spending equals $12 billion, capital inflow equals -$2 billion, private savings equals $15 billion, budget balance equals -$5 billion.

What is the level of investment spending?

National income formula is "Y" = C + I + G + X - M

100 = 70 + I + 20 + 10 - 12

100 = I + 88

I = $12

Hence, the Investment spending equals $12 billion

What is the level of capital inflow?

Y = C + I + G + XM

XM = Y - C- I - G

XM = 100 - 70 - 12 - 20

XM = -$2 billion

What is private savings?

S = Y - T - C

S = 100 - 15 - 70

S = $15

What is the government budget balance?

Balance = T - G

Balance = 15 - 20

Balance = -$5

Is the government saving or borrowing funds?

Because the budget balance is in deficit, then, the government is borrowing funds to finance its budget.

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