Technology-wise, Western Europe was more advanced than Latin America.
What is the primary benefit of taxes with regard to economic growth?Taxes generate the money needed to fund government services. Savings reduce demand. The average income worldwide has been largely constant for millennia.Reduced income taxes boost consumer purchasing power and can boost total demand, which can boost economic growth (and possibly inflation). Income tax reductions may improve the incentives to work, which would increase production, according to the supply side.According to Accounting Tools, your company's WACC decreases when your corporate income tax rate rises because a higher rate results in a larger tax shield.GDP per capita is a measure of a country's economic production per person. It attempts to gauge a country's success by looking at its per-capita economic growth.To learn more Latin America refer to:
https://brainly.com/question/667544
#SPJ4
given a positive externality, the marginal social benefits curve lies to the of the demand curve, with the market output the socially optimal output. group of answer choices right; less than right; greater than left; less than left; greater than
External benefits are present when there is a positive externality, and as a result, the marginal welfare support curve is bigger than and to the right.
When there is a marginal societal advantage, what is it?With market production being the socially ideal output, the maximum social benefits curve is located to the right of the demand curve. right, less than right, greater than, less than left, and greater than are a group of possible answers. Positive externalities indicate that marginal societal benefit exceeds marginal private benefit.
What alters the demand curve when there is a positive externality?An adjusted demand benefit curves would appear farther left on the diagram, representing a lower social cost at each quantity, if there is a positive externality that improves the social advantages of activity.
To know more about Marginal visit:
https://brainly.com/question/29729411
#SPJ4
which measurement product is designed for brick-and-mortar retailers that collect shopper purchase data in a customer relationship management system?
Store sales direct is designed for brick-and-mortar retailers that collect shopper purchase data in a customer relationship management system A customer (also known as a client, buyer, or purchaser).
customer is the recipient of an item, service, product, or idea gained from a seller, vendor, or supplier through a financial transaction or exchange for money or another valuable consideration. Early communities relied on a favor-based gift economy. Later, when commerce grew, fewer lasting human relationships were created, based on temporary wants rather than long-term social goals. Customers are those who buy products and services, whereas clients are those who receive specialized advise and answers. [3] Although such differences have little modern semantic weight, agencies such as legal companies, film studios, and health care providers choose client, whereas grocery shops, banks, and other financial institutions prefer customer.
learn more about customer here:
https://brainly.com/question/13472502
#SPJ4
if a genuine profit-making opportunity exists, someone will take advantage of it. this is the answer to which question economist use to break down problems?
Why isn't someone already doing it. if a genuine profit-making opportunity exists, someone will take advantage of it. this is the answer to which question economist use to break down.
An economist is a professional and practitioner of economics, a social science subject.Individuals may also research, create, and apply economic ideas and concepts, as well as write on economic policy. There are numerous sub-fields within this field, ranging from broad philosophical theories to the focused study of minutiae within specific markets, macroeconomic analysis, microeconomic analysis, or financial statement analysis, all of which involve analytical methods and tools such as econometrics, statistics, economic computational models, financial economics, mathematical finance, and mathematical economics. Economists operate in several domains including academia, government and in the commercial sector.
learn more about economist here:
https://brainly.com/question/14299791
#SPJ4
Shifts in supply or demand I The following oraph shows the market for hot dogs in Detroit, where there are over 1,000 hot dog stands at any given moment. Suppose a new scientific study shows that Detroit is the most polluted city in the world. Due to health concerns, a significant number of families move out of the city Show the effect of this change on the market for hot dogs by shifting one or both of the curves on the following graph, holding all else constant
The term "supply" refers to the overall quantity of a certain commodity that is made available to the market for consumption.
Demand and supply have a strong relationship that influences market equilibrium, which determines the number of items available on the market and their selling prices.
The supply is graphically represented, and the supply curve, which is represented as an upward-sloping line, maps the link between price and quantity.
Market demand, financial limitations, customer preferences, and governmental policy all affect supply.
Despite the fact that there are different types of supply, supply is frequently divided into short-term and long-term supply.
To learn more about supply visit;
https://brainly.com/question/13296654
#SPJ4
the project sponsor is question 2 options: 1) responsible for ensuring that all management and technical processes are in place and carried out. 2) the client, customer, or organizational manager who acts as the project champion and provides organizational resources and direction. 3) the user or client who has specific knowledge, expertise, or insight in a specific functional area needed to support the project. 4) provides the technical solution to the organizational problem and may include systems analysts, network specialists, or programmers.
Option 2 is correct here that is the client, customer, or organizational manager who acts as the project champion and provides organizational resources and direction.
A project sponsor is a person or an entity that provides funding, resources, and support to execute and complete a project.
What does a project sponsor do?A mission sponsor is a senior management function that gives resources, support, and leadership to the mission crew and typically “owns” the project. This man or woman additionally serves as a link between the task supervisor and different decision-making groups.
The sponsor presents training on the opportunity's objectives, constraints, and trade-offs. Documented sponsor roles and obligations support better FEL 1 decision quality, making it lots more in all likelihood that the proper undertaking will subsequently be selected.
Learn more about project sponsor here:
https://brainly.com/question/10787924#SPJ4jim uses his own car to deliver pizzas for his employer, delicioso pizza. which coverage symbol should delicioso use to provide liability coverage for jum while he is on the clock and delivering pizza for them
Symbol 9 is specifically for non-owned vehicles when used in the course of business. Jim's liability, while on the clock, would be covered under symbol 9.
What does the "9" mean on a commercial auto policy?Liability coverage for non-owned vehicles is represented by Symbol 9. Vehicles that you use for your business but do not own, hire, rent, lease, or borrow are known as non-owned automobiles. Examples include automobiles that belong to your workers or business partners and are utilised by you.Under the terms of this form, which is meant for companies who sell, service, or store vehicles, a car rental firm would not be qualified. Liability protection is provided under Section II of the BAP. The option to add uninsured motorist coverage is available.To learn more about non-owned vehicles refer to:
https://brainly.com/question/15201556
#SPJ4
which term refers to the shift toward a more integrated and interdependent world economy? multiple choice question. globalization nationalism democracy isolationism
Globalization. refers to the transition toward a world economy that is more interconnected and reliant. The globalisation of markets and manufacturing are just two of the many aspects of this phenomenon.
Economic interdependence refers to the mutual reliance of those involved in an economic system who trade in order to receive the goods they are unable to create effectively on their own.The process of quickly integrating or connecting many nations is known as globalisation. MNCs are actively contributing to the globalisation process. The movement of investments, technology, and products across nations is accelerating. Economic interdependence's key benefit is that it makes nations more concerned about one another. Because each depends on the trade of products, countries that are interdependent might be concerned about one another. Each is providing a loan to the other.
learn more about Globalization here:
https://brainly.com/question/15283031
#SPJ4
(b) find what the interest rate must be in order for the investment to be increasing at a rate of $17,300 per every one unit change in the interest rate. express your answer as a decimal and do not round your answer. g
Applying its method, the accumulated money equals $2,088 because the simple interest is $288.
Find the interest rate ?Basic Interest.When there is only one compounding every time period, simple interest is applied.
The following equation models the quantity of money after t years:
A(t) = A(0)(1 + rt)
that where:
A(0) is the investment's initial sum.
The interest rate on the investment is r, given as a decimal.
The following parameters are taken from the text provided for this problem:
A(0) = 1800, r = 0.08, t = 2.
As a result, using the parameters of the formula, the total is provided as follows:
A(2) = 1800(1 + 2 x 0.08) = $2,088.
The accumulating sum less the initial investment is the simple interest, so:
I(2) = A(2) - A(0) (0)
To learn more about interest rate refer
https://brainly.com/question/20690803
#SPJ4
What was one reason that jefferson wanted to purchase land within the louisiana territory?
During this period, French Emperor Napoleon suddenly gave the United States the entire Louisiana Territory for $15 million.
Jefferson felt Napoleon's offer of $15 million for this enormous piece of land was a steal, and he didn't want too much time to pass in case Napoleon changed his mind. He desired that the United States be permitted to freely use the Mississippi River and the Port of New Orleans to transport products to market. Jefferson wished to prevent numerous European countries from acquiring additional land in North America. Louisiana was rich in natural resources such as gold and silver, which would contribute to the country's riches.
Learn more about natural resources
at
https://brainly.com/question/24514288
#SPJ4
what is interactive leadership? a leadership approach that helps others use their talents to benefit society. a leadership approach that focuses on communication, participation and teamwork. a leadership approach that is inspirational and arouses extraordinary effort. a leadership approach that directs the work of others through tasks, rewards and structures.
Interactive leadership is a leadership approach that focuses on communication, participation, and teamwork. Hence, the correct option is (B).
What Is Interactive Leadership?Leadership is an important element in a company because leadership is related to creating motivation for every workforce in the company so that it can increase productivity in order to achieve company goals. One form of leadership is interactive leadership. Interactive leadership is basically when a leader tries to involve the entire workforce in the company's work. This creates interactive leadership that is highly focused on communication, participation, and teamwork.
The question is incomplete, but most probably your question was:
Interactive leadership is
A. A leadership approach that helps others use their talents to benefit society
B. A leadership approach that focuses on communication, participation, and teamwork
C. A leadership approach that is inspirational and arouses extraordinary effort
D. A leadership approach that directs the work of others through tasks, rewards, and structures
Learn more about the leadership at https://brainly.com/question/1232764
#SPJ4
buying a car math quiz question 3 of 10: over its first two years a new car loses at least 30% of its resale value. what will the average resale value of a new car costing $22,000 be after two years?
The average resale value of a new car costing $22,000 after two years will be $15,400.
To calculate the resale value after two years, we first need to determine the amount of value that the car will lose over that time period. Over its first two years, a new car loses at least 30% of its resale value.
Since the car loses at least 30% of its value, we can multiply the original cost of $22,000 by 70% (100% - 30%) to find the remaining value after two years. $22,000 x 70% = $15,400. So, the average resale value of a new car costing $22,000 after two years will be $15,400.
For more questions like Resale value click the link below:
https://brainly.com/question/29021664?
#SPJ4
you and three friends went out to eat. before you left you bought two dozen cookies to go. the cost of the cookies totaled $10.56. the following is ow much each person contributed: you -- $2.20 friend 1 -- $3.52 friend 2 -- $3.08 friend 3 -- $1.76 you all agree that you should keep it fair and split the cookies on the basis of how much each person paid. how many cookies should each person get?
The money that a company has spent to offer an item or service is referred to as the cost in both business and accounting. Four cookies should be given to each person.
What one word best describes cost?Cost is the sum of money that a company spends to create or offer products or services. The net profit markup is not included.
How do I define "cost"?A cost is the value of money that was used on the creation or provision of a good or service and is now unavailable for use in manufacturing, research, retail, or accounting. The whole cost of the transaction is considered when determining the acquisition cost.
Divide the cost by 24 for two dozen
10.56/24=$0.44 per cookie
you=2.2/.44
you=5
friend 1=3.52/.44
f1=8
f2=3.08/.44
f2=7
f3=1.76/.44
f3=4
To know more about cost visit:
brainly.com/question/15135554
#SPJ4
during the 1920s and 1930s, many of the world's nation-states put formidable trade barriers in place. what was the main reason behind these actions? multiple choice question. to enhance their ability to trade with foreign countries to encourage domestic business to consider international trade to protect domestic industries from foreign competition to implement a first-mover advantage
The main reason behind these was to consider the international trade.
What is international trade?The exchange of money, goods, and services across international boundaries or regions is a result of a need or desire for certain commodities or services. In most countries, such commerce represents a considerable share of the GDP (GDP). International trade has always existed, but during the past few centuries, its importance to the economy, society, and politics has increased. Comparatively speaking to local trade, doing business globally is a difficult process. Modern trade between countries with different economic positions has been facilitated and legitimized by international economic organisations like the World Trade Organization. Governmental statistical agencies, intergovernmental and transnational statistics services, and supranational organizations all release official data on international trade.
To learn more about international trade, visit:
https://brainly.com/question/20344185
#SPJ4
which generation is often challenged with relying on others to complete a job, which makes it more difficult for them to share leadership?
Baby Boomers are more likely to want to do the work themselves than to rely on someone's leadership who may not have the same work ethic as they have. They tend to see the younger generations as less dedicated to excellence and less willing to work as hard as they do.
A person is said to be in a leadership position when they guide a certain group or community. The purpose of a leader's motivation is to help others reach their goals within a given time frame. In contrast, a leader is always present in an organisation, and strong authority assigns the leader the job of motivating their team to accomplish the desired outcome. Because leaders must motivate their teams, leadership should be a shared process.
To learn more on leadership, visit:
https://brainly.com/question/17404299
#SPJ4
the most significant disadvantage to owning a franchise is that . a. the franchisee may have to pay a high start-up cost b. the risks involved in franchising are higher compared to starting a business from scratch c. the franchisee does not receive any management consultation d. the franchisee is required to create an operations process from scratch e. the franchisee will have to set up the business from scratch
The greatest disadvantage of purchasing a franchise is that you are required to follow the franchisor's policies and procedures. Some franchisors have a level of power over your business that, as a theoretically independent business owner, you could find agonizing.
Which of the following statements best describes a franchise's drawback?The Drawbacks of Owning Franchise Due to the fact that they must pay royalties to the parent firm, franchisees must endure greater operating franchise costs. The franchisor, who owns a large portion of your future earnings, must also abide by the restrictions they have established.
The biggest drawback of owning a franchise firm is the sense of being controlled and dictated by another party, as rights are never actually intended for the individual who acquires franchising.
To know more about franchise's, refer:
https://brainly.com/question/29376853
#SPJ4
a country encourages individuals to own and operate the majority of businesses, but its government passes laws to enforce fair business practices such as labor laws, antitrust legislation, and laws against deceptive advertising. this is an example of
The given situation is an example of modified capitalism.
What is modified capitalism?A political system that serves and defends the interests of a capitalist class of "new elites" and "old elites" is known as a "modern capitalist society," and it refers to a particular form of capitalist society where the rise of a wage-earning class is the result.
(In a capitalist society, no economic choices are influenced by the government.
Modified capitalism involves some government intervention and company regulation.)
A business's willingness to sell a certain amount of goods or services at a given moment is examined by an economist.
Only one other large nation, the United States of America, adheres to capitalism.
Therefore, the given situation is an example of modified capitalism.
Know more about capitalism here:
https://brainly.com/question/25879591
#SPJ4
the kind of business that would use the specific identification method of inventory costing includes: multiple choice question. a grocery store a car dealership a department store
The kind of business that would use the specific identification method of inventory costing includes:
Car dealershipsJewelry storesArt galleriesFurniture storesWhat is specific identification method to inventory?Specific identification method to inventory are often use by companies and be defined as the process in which each inventory is specify or identify for easy tracking.
specific identification method relates to inventory valuation, specifically keeping track of each specific item in inventory and assigning costs individually instead of grouping items together.
Companies tend to use this method when they want to track each items they have in their inventory.
Therefore the kind of business that would use the specific identification method of inventory costing includes: car dealerships.
To learn more about specific identification method refers to;
https://brainly.com/question/27962036
#SPJ4
Answer:a car dealership
Explanation:
Mercenary Culture Definition
Mercenary culture is a type of organizational structure where the priority is given to the work over the social life of employees. In such a type of organizational structure the employees and subordinates think alike but are not friendly with each other.
A sort of organisational structure known as a mercenary culture is one in which employees' professional lives are prioritised over their social lives.
What is mercenary organizational culture?Strict objectives are prioritised in the mercenary culture. Goals should be achieved, and the work should be finished fast. Everyone concentrates on objectives and objectivity. On the down side, people who perform poorly could experience cruel treatment.The right method to conduct oneself inside an organisation is determined by its culture. In order to shape employee perceptions, behaviours, and understanding, leaders must first develop common beliefs and values that are then conveyed and reinforced using a variety of channels.Through similar values, customs, and expectations, culture binds members of one society together. The two primary categories of culture are nonmaterial culture, which refers to intangible items generated by a community, and material culture, which refers to tangible items produced by a society.To learn more about mercenary refer to:
https://brainly.com/question/7295901
#SPJ4
marie will deposit a payment at the end of every three months so that she will have $15,400 available in five years. the account will pay 2.5% interest per year, compounded quarterly (every three months). how much should she deposit every three months?
The amount she should deposit every three months is $6160.
What is a deposit?Money kept in bank is referred to in the financial lexicon as a deposit. A deposit is transaction in which money is transferred to a different party for safekeeping. Yet another definition of deposit is a sum of money used as security or collateral for the delivery of a good. There are two definitions for a deposit. One type of deposit entails transferring money to a different party for the safekeeping. By this definition, a deposit is any cash that an investor deposits into a savings or checking account with a bank or credit union. In this case, the money that was deposited still belongs to the individual or organization that made the deposit, and they are free to withdraw it whenever they choose or move it to another person's account.
Amount= 15400/2.5= $6160
To learn more about deposit, visit:
https://brainly.com/question/2507231
#SPJ4
A ________ is made up of a company, its suppliers, distributors, and, ultimately, customers who "partner" with each other to improve the performance of the entire system.A) manufacturing chain
B) distribution center
C) marketing intermediary
D) value delivery network
E) disintermediation system
A D) value delivery network is made up of a company, its suppliers, distributors, and, ultimately, customers who "partner" with each other to improve the performance of the entire system.
A value delivery network is a component of a company's supply chain that encompasses all direct actors involved in production, distribution, marketing, customer service, and so on for a certain geographical area.
It is a chain of systems in which more value is added to the product or service with each system, hence improving its overall value for the consumer.
Each system collaborates with another to give higher value to the customer. The production system uses sales history feedback to produce the right product in the desired amount. The value provided by such collaboration is determined by the quality of the relationships between the systems.
To know more about value delivery network:
https://brainly.com/question/13910712
#SPJ4
question:which of the following funds must be closed end? a nav - $20.00 /purchase price - $20.00 b nav - $20.00 /purchase price - $20.50 c nav - $20.00 /purchase price - $19.50 d nav - $20.00 /purchase price - $20.25
The SEC, the exchanges where their shares are listed, and other regulatory bodies have strict regulations that apply to all US-registered closed-end funds.
What does the SEC do now?
Every year, the SEC files a large number of civil enforcement cases against companies and people who violate securities laws. Every significant case of financial malfeasance involves it, either directly or in collaboration with the Justice Department. In an effort to encourage ethical business practises, the disclosure of critical market information, and the prevention of fraud, the Securities and Exchange Commission regulates securities exchanges, securities brokers and dealers, investment advisors, and mutual funds.
Know more about funds Visit:
https://brainly.com/question/15444609
#SPJ4
you buy a new car for $46,000. what do you think is the average dollar amount of depreciation after 1 year
It is difficult to estimate the average dollar amount of depreciation after 1 year on a new car, as it can vary depending on several factors such as the make and model of the car, the condition of the car, the mileage driven, and the local market conditions.
The first few years of ownership are typically when new cars depreciate the most noticeably. A new car can lose between 20 and 30 percent of its value in the first year alone, with an average loss of roughly 20 percent, according to Kelley Blue Book. The average dollar amount of depreciation in your situation would therefore be $46,000*20% = $9,200. It's crucial to keep in mind that this is only an estimate and that the actual depreciation may vary depending on the aforementioned factors. It's also vital to remember that expensive and luxury vehicles may lose value more slowly.
learn more about depreciation here:
brainly.com/question/14682335
#SPJ4
The rate that yields a net present value of zero for an investment is the:
(a) Internal rate of return
(b) Accounting rate of return
(c) Net present value rate of return
(d) Zero rate of return
(e) Payback rate of return
The rate that yields the net present value of an investment to zero is the internal rate of return (IRR). IRR is the rate of return at which the net present value of all cash flows from a project or investment equals zero.
This is calculated by discounting all cash flows at an interest rate until they all equal the initial investment. In addition to NPV, IRR is also used to make investment decisions. It is a valuable tool for assessing return on investment because it takes into account both the time value of money and the cash flows associated with the investment. IRR is also a useful measure of profitability because it allows investors to compare the returns of different investments.
To know more about IRR click here
https://brainly.com/question/14120890
#SPJ4
why do salespeople who play the role of client relationship managers need to work with other company employees? (check all that apply.) multiple select question. to make sure that selling is seller-centric to ensure that operators are trained to use equipment to make sure that deliveries are made on time to ensure the proper installation of equipment to make sure that questions or complaints are resolved quickly to learn and use the same sales approach with all customers
The salespeople who play role of the client relationship managers need to work with other company employees to use the equipment to make sure that deliveries are made on time.
What is a client relationship manager?A career as a customer relations manager could be a wonderful fit for you if you appreciate working with others and establishing long-lasting relationships. Managers of client relationships check on clients to make sure they are happy with the services provided by their business and attempt to resolve any issues they may be having. Client relations managers are experts who work to develop, preserve, and improve a business's relationship with a client. They interact with customers to learn more about their objectives and how their company's product or service may support them in achieving them. This helps the customers' businesses. The sales team may receive assistance from some client relations managers in prospecting for potential customers and building rapport with them prior to their conversion to paying clients.
To learn more about client relationship manager, visit:
https://brainly.com/question/28013972
#SPJ4
g emphasis on the quantitative aspects of products sold (ie: portion size, price) and services offered (the time it takes to get the product) is known as
The emphasis on the quantitative features of goods sold (such as portion size and price) and services provided (such as the length of time it takes to receive the good) is known by the name
Calculability
Calculability refers to the capacity to compute the costs of the items that a business transacts at any given time and the nature of the services it provides, such as the time it takes to get a product.
In light of this, we are aware that in a capitalist society, the primary goal of any business is to generate a profit, and calculability is used to demonstrate the quantitative features of the goods and services that are sold and provided in order to calculate profit.
Read more about calculability here:
brainly.com/question/759158
#SPJ4
1-4 Application Problem: Determining how revenue, expense, and withdrawal transactions change an accounting equation 104,5,6
Answer:
assest= capital + Liabilities
here revenu =104 expenses =5 withdraw =6
revenue means increases in assets +
expenses means reduce in cash if it is in cash and cash is part of assets
If withdrawal is for personaluse than its treated as adrawing come under capital by deducted from capital.
106 + in cash as assets side
5 deduct from cash in assets side
6 is deducted from capital
Explanation:
idaho farmers can sell as large a quantity of their potato crop as they wish,
In the short term, Idaho farmers can sell as much of their crop of potatoes as they like if they set their own price; however, in the long term, the market determines the price.
Competing businesses will put pressure on you to accept the current market price. Why are some manufacturers compelled to sell their goods at the going rate? They resemble rival brands' products in great detail.The term "price taker" refers to a perfectly competitive firm that is compelled by pressure from other firms to accept the market's current equilibrium price. If a business in a highly competitive market raises the cost of its product by a certain amount.There are different ways through which farmers can sell a large amount of potato crop to grow and tradeTo know more about farming here
https://brainly.com/question/17392167
#SPJ4
As you move up a linear demand curve, the price elasticity of demand in absolute value? A) Stays the same
B) Increases
C) Decreases
D) None of the above
As you move up a linear demand curve, the price elasticity of demand in absolute value decreases
A line reflecting the relationship between the demand for a good or service and its price is called a linear demand curve. Everyone is aware that sales are inversely correlated with price: the higher the price you ask for an item, the less you may anticipate selling. A demand curve in economics is a graph that shows the relationship between the cost of a certain good (the y-axis) and the amount of that good that is desired at that cost (the x-axis). Demand curves may be used to both the price-quantity connection for a single customer (a single demand curve) and for all consumers in a given market.
We can learn more about linear demand curve here:
https://brainly.com/question/15456235#
#SPJ4
Suppose an economy is in long-run equilibrium. An increase in consumption expenditure will?
a. shift the short-run aggregate supply curve rightward and increase both the price level and real output in the long run.
b. increase the price level in the long run but have no effect on real gross domestic product.
c. decrease both the price level and real gross domestic product in the long run.
d. shift the aggregate demand curve rightward and increase the real output in the long run.
Option (b). Increase the price level in the long run but have no effect on real gross domestic product.
What are the domestic products?
GDP measures monetary value of the final goods and services produced in a country (i.e. purchased by final consumers) over a specified period of time (such as a quarter or a year). Counts all electricity generated within a country's borders.
What is the good domestic product?
GDP is sum of all value added produced in the economy. Value added is the value of the goods and services produced minus the value of the goods and services required to produce them, known as intermediate consumption.
What are the domestic product growth?
GDP is sum of gross value added of all producers residing in the economy plus product taxes minus subsidies not included in the value of their products. This is calculated without depreciation of manufactured assets or deductions for depletion and deterioration of natural resources.
To know more about Domestic Product visit here:
https://brainly.com/question/9201016
#SPJ4
for a closed economy, gdp is $62 trillion, consumption is $14 trillion, taxes are $6 trillion and the government runs a surplus of $8 trillion. what are private saving and national saving?
In a closed economy with $31 trillion in GDP, $7 trillion in consumption, $3 trillion in taxes, and a $4 trillion surplus for the government.
what are private saving and national saving?The total of household and company savings including private savings. Additionally, the sum of private sector and public sector deposits equals national savings. They stand in for a nation's domestic pool of available capital for loans. High savings therefore translate into additional funds for economic investment.
Unlike the personal savings rate, which only measures household savings, the higher savings rate takes into account savings by individuals, corporations, and the government. People occasionally refer to the country's overall savings rate in terms of personal savings rates. The personal savings rate is represented as a percentage and is defined as the proportion of personal savings to personal disposable income, or income less taxes.
To know more about private saving and national saving visit:
https://brainly.com/question/14318752
#SPJ4