B. The consumption component of GDP in the U.S. is greater than all three of the other components (government, investment, and net exports) combined.
C. Consumption as a fraction of total GDP in the U.S. is larger compared to all other high income nations in the world.
D. Spending on services is smaller than the amount of consumption spending on durable and nondurable goods.
The statement that the consumption component of GDP in the U.S. is greater than all three of the other components (government, investment, and net exports) combined is not correct.
B. The consumption component of GDP in the U.S. is greater than all three of the other components (government, investment, and net exports) combined, is not correct. The correct statement would be that the consumption component of GDP in the U.S. is larger than the government and net exports components combined, but smaller than the investment component. The consumption component of GDP includes spending on goods and services by households, while the investment component includes spending on capital goods and structures by businesses.
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The incorrect statement is option D: Spending on services is not smaller than consumption spending on durable and nondurable goods. In fact, in developed economies, spending on services exceeds spending on goods.
The incorrect statement about the consumption component of GDP is option D. Spending on services is actually larger than the amount of consumption spending on durable and nondurable goods. This is especially true in developed economies, like the United States, where spending on services, such as healthcare, education, and entertainment, tend to exceed spending on tangible goods. It is certainly true that since 1960 there has been a general trend of increase in consumption as a fraction of GDP (option A), and that the consumption component of GDP is the largest among the components - exceeding government spending, investment, and net exports combined (option B). However, it's not necessarily the case that the US's consumption as a fraction of GDP is larger than all other high-income nations (option C).
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B. Stable
C. easy to predict
The law of supply states that as the price of a good declines, the quantity supplied of that good decreases as well.
This economic law states that other things equal, an increase in the price of a product will increase the quantity of it supplied, and conversely for a price decrease directly related.
Hence, the law of supply states that as the price of a good declines, the quantity supplied of that good decreases as well.
Therefore, the Option D is correct.
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Answer:
B. decreases
Explanation:
The law of supply states that as the price of a good declines, the quantity supplied of that good?
requirements
certified
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Answer:
$69.53
Explanation:
loan's balance = $94,000
interest expense per year = $94,000 x 4.5% = $4,230
interest expense per day = $4,230 / 365 = $11.5890411
the seller is responsible for 25 days of interest = 25 x $11.5890411 = $289.73
the buyer is responsible for 6 days of interest = 6 x $11.5890411 = $69.53
B.) Holding payment on bills.
C.) Applying for credit more frequently