This total economic surplus is arrived at by subtracting the value that Ivan put on the car before the trade, $45,000, from the highest value that Samantha is willing to pay for the car, $72,000.
Ivan and Samantha would want to voluntarily engage in trade because there is a gap between what Ivan is willing to accept for the car ($55,000) and what Samantha is willing to pay for it ($72,000).
The economic surplus created for Ivan as a result of this exchange is $72,000 (the amount Samantha is willing to pay) minus $45,000 (the value Ivan placed on the car before the exchange) = $27,000.
The economic surplus created for Samantha is $72,000 (the amount she is willing to pay) minus $55,000 (the amount Ivan is asking for the car) = $17,000.
The total economic surplus created as a result of this exchange is the sum of the individual surpluses: $27,000 (for Ivan) + $17,000 (for Samantha) = $44,000.
This difference of $27,000 is the economic surplus for Ivan, and the difference between the amount Samantha is willing to pay, $72,000, and the amount Ivan is asking for, $55,000, is the economic surplus for Samantha. The total economic surplus is the sum of the two individual surpluses.
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what type of economic system has free enterprise with strict government control
Free enterprise is an economic system in which businesses can operate independently of the government and are largely driven by market forces.
However, this type of system also requires strict government control in order to maintain stability, protect consumers, and regulate certain industries.
The government may also set rules and regulations regarding the operation of businesses, establish tax codes and regulations, and provide subsidies and other financial incentives for businesses to operate and create jobs.
Ultimately, free enterprise is about creating a balance between private-sector freedom and government oversight.
This type of economic system involves the government intervening in the market to regulate certain aspects of business, such as setting price controls, establishing rules and regulations, and providing incentives to certain industries or businesses.
At the same time, the government allows the private sector to operate freely, without interference or excessive control.
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Which is main function of central bank Mcq?
A.Conduct of monetary policy
B.Lending to the general public
C.Supervising the stock market
D.Lending to the commercial banking system"
The main func-tions of the central bank are A. Conduct of mone-tary policy and D. Lend-ing to the commercial bank-ing system.
A central bank is a pub-lic institution that man-ages the currency of a count-ry or group of countries and con-trols the money supply – liter-ally, the amount of money in circulation. The main object-ive of many central ba-nks is price stab-ility.
Central banks are respons-ible for economic and mone-tary policy as well as the sound-ness of the financial sys-tem. These institutions set inte-rest rates and control the money supply of a coun-try. The U.S. Federal Reserve is one of the mo-st power-ful central banks in the wo-rld.
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What percent of the population has a credit score over 800?.
In the high scores category, 40% women reported scores of 800+ compared to 35.6% men, according to Live mint report said.
A woman is an adult human woman. Before adulthood, human women are called girls. The plural of woman is sometimes used in certain expressions such as "women's rights" to refer to human women, regardless of age. Normally, women inherit one pair of X chromosomes, one each from their father and mother, and are capable of becoming pregnant and giving birth from puberty until menopause.
More generally, female fetal sex differences are governed by the absence of a present or functional SRY gene on either sex chromosome, respectively. A fully grown woman usually has a wider pelvis, wider hips, and larger breasts than an adult male.
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Which of the following refers to purchase of goods from a foreign country Mcq?
impor trade
export trade
foreign trade
exim trade
The term "import trade" describes the act of purchasing goods from a foreign country. Option A is the correct answer.
Imported products and services are those that come from another country. Due to the fact that goods are routinely shipped to other nations, the word "import" derives from the word "port."
Similar to exports, imports form the foundation of world commerce. Every nation imports products and services that it is unable to create on its own, sometimes because it cannot do it as efficiently or affordably as an exporting nation.
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T/F Mixed economies can evolve when societies with different kinds of economies interact
The given statement "mixed economies can emerge in civilizations with several economies" is TRUE.
What are mixed economies?An economic system that combines parts of a market economy with elements of a planned economy, markets with state interventionism, or private enterprise with public enterprise is referred to as a mixed economy.
A blend of free-market and socialist ideals characterizes all mixed economies.
While there is no one definition of a mixed economy, one definition focuses on a mix of markets with state interventionism, specifically referring to a capitalist market economy with strict regulatory monitoring and significant market interventions.
When societies with several economies interact, mixed economies can result.
Another is the active fusion of socialist and capitalist ideologies.
Therefore, the given statement "mixed economies can emerge in civilizations with several economies" is TRUE.
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In which column of the cash payments journal are the amounts that are posted individually to the accounts payable ledger?
The amounts that are individually submitted to the accounts payable ledger are shown in the cash payments journal's Accounts Payable Debit column. The Accounts Payable Debit column is seen on an account's left side.
in the economic The broad definition of a debit balance in a payable account is that the firm owes money, whereas a credit balance denotes that the company is owed money. Accounts payable often have a negative balance, indicating that the firm is due money. The business's accounts payable includes any unpaid debts that must be paid soon.
Cash reception posting to a specific customer account equals a subsidiary ledge for accounts receivable.
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What is an example of an account classification?
The chart of accounts organizes your finances into five major account types called accounts
assetsliabilities equityrevenue expenses.
According to the traditional approach, accounts are classified into three types:
real accounts, nominal accounts, and personal accounts. Given that it is an old system for classifying accounts, it is used rarely in practice.
Different types of accounts in accounting are Real, Personal, and Nominal Accounts. The real account is then classified into two subcategories – Intangible real account, and Tangible real account. Also, three different sub-types of Personal accounts are Natural, Representative, and Artificial. In this article, we will see the 3 golden rules of accounting.
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_______ is effective for sharing routine information
Information sharing is effective for sharing the routine information.
What is Information sharing?Information sharing describes the exchange of information between various businesses, individuals, and technological platforms. Widely dispersed networks, intranets, cross-platform interoperability, application porting, and IP protocol standardization have all dramatically accelerated the sharing of information globally. However, the majority of countries have laws that prohibit transmitting personal information without explicit authorization, regardless of how easy the data transfer itself may be. In the United States and Europe, it is against the law to share a person's personal information without that person's express agreement. Information sharing is expanding as more networks and organizations connect up and it becomes easier to share information online. There are numerous additional forms of information sharing that are not illegal.
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What is the role of the producer in the free enterprise system?.
Answer:
Entrepreneurship
( I guess)
The debits and credits for each journal entry are posted to the accounts a) in no specific order b) in alphabetical order
The debits and credit for each journal entry are posted to the accounts in the order in which they occur in the journal.
Journal entries is the book which list the vital data such as what was credited and debited and from which accounts and then each journal entry corresponds to one business transaction and is posted to the general ledger. It is crucial to accurately enter complete journal data so that the general ledger and financial reports based on this information are also accurate and complete. With modern accounting software, recurring journal entries may be templatized and automatically executed, minimizing the potential for error. Journal entries are in chronological order and follow the double entry accounting system, meaning each will have both a credit and a debit column. Even when debits and credits are linked to multiple accounts, the amounts in both columns must be equal. For example, say a company spends $27 catering lunch for employees. The expenses account increases by that amount, while the cash account, which is an asset, decreases by $27 because that money is now spent.
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What situation helped cause the stock market crash of 1929 ?
The stock market crash of 1929 was caused by a combination of factors, including excessive speculation, market overvaluation, and weak economic fundamentals.
The stock market crash of 1929 was a result of a combination of several factors. Firstly, investors were engaging in excessive speculation, which means buying stocks with borrowed money in hopes of quickly selling them at a higher price.
As the market became more and more overvalued, investors began to worry that stocks were too expensive and that the stock market had reached its peak. This caused many investors to sell their stocks, which further decreased the market’s value.
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A line pae through the point(2, 18) and (6, 22) Write a linear function rule in term of x and y for thi line
A line passes through the point(2, 18) and (6, 22) .The linear function rule for the given line is y=2x+14.
What do you mean by linear function rule ?
Linear function rule is a mathematical concept used to describe a linear relationship between two variables. It states that for any two variables x and y, if y is a function of x, then the rate of change between y and x is constant. This means that if x increases, then y will also increase, but at a fixed and consistent rate. This rule is often used in algebraic equations to determine the slope of a line and to help solve for unknown variables. Linear function rule is an important concept in mathematics, and is used frequently in real-world applications.
So, The required linear function rule is y=2x+14.
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If a ole proprietor' expene exceeded hi income, what would be the reult for the ole proprietor?
The sole proprietor will suffer a loss in the aforementioned scenario and would have to cover the damage on his own.
What is a sole proprietor?A sole proprietorship is a type of business that is owned and operated by one person and in which there is no legal separation between the owner and the business entity.
It is also referred to as a lone tradership, individual entrepreneurship, or proprietorship.
A sole proprietor may hire staff members and does not always work alone.
The lone proprietor is solely responsible for all losses and obligations and receives all gains (subject to business-specific taxes).
The owner of the firm is the owner of all of the company's assets and is also responsible for all of the company's debts.
So, in the given situation the sole proprietor will be at a loss and he needs to pay for the loss all by himself.
Therefore, the sole proprietor will suffer a loss in the aforementioned scenario and would have to cover the damage on his own.
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which of these correctly defines a role of investments?
Investments address the timing of cash flows most desired by investors defines a role of investments. Option a.
Investments are an important part of any financial portfolio, as they provide the opportunity to capitalize on the timing of cash flows desired by investors.
Investing allows individuals to strategically manage their money in a way that provides them with the most benefit, whether that is through long-term value appreciation, increased yield on investments, or a combination of both.
It is important to understand the role of investments in any financial plan, in order to make the most of your money and ensure a secure financial future.
Although a part of your question is missing, you might be referring to this question:
Which of these correctly defines a role of investments?
a) Investments address the timing of cash flows most desired by investors.
b) Investments are concerned with which operations should be conducted overseas.
c) Investment is best defined in terms of future expected rewards.
d) None of the above
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what is the cost to take the act with and without optional writing?
The cost to take the ACT with optional writing is $68.50, while the cost to take the ACT without optional writing is $52.50.
The optional writing portion of the ACT is an essay section that allows test takers to demonstrate their writing and communication skills. The essay portion is 30 minutes long and requires the test taker to analyze a given prompt and provide a written response.
The additional cost of the optional writing is due to the extra time and resources needed to evaluate the essays and assign a score. Even though the writing portion is optional, many colleges require or recommend it, which is why it is important to consider if you are planning to take the ACT.
Taking the optional writing portion can give you an edge academically and increase your chances of getting into the college of your choice. The ACT is an important exam for students to take, so it is important to consider the cost before deciding to add the optional writing section.
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1. Four electricians are discussing special requirements for health care facilities. Electrician A says that a nursing home is required to include an emergency system circuit. Electrician B says that GFCI outlets are required in the bathroom area of some critical-care patient rooms. Electrician C says that a nursing home is not required to include an emergency system circuit. Electrician D says that GFCI outlets are required in the bathroom area of the critical-care patient rooms. Which of the following statements is correct?
A. Electrician C is correct.
B. Electrician A is correct
C. Electrician D is correct
D. Electrician B is correct.
2. Four electricians are discussing wiring under raised floors in information technology equipment rooms. Electrician A says that wiring under the raised floor requires fire-resistant walls, floors, and ceilings between other occupancies. Electrician B says that wiring under the raised floor requires fire resistant halfway up the walls and floors between other occupancies. Electrician C says that the room must employ a disconnecting means that removes half of the power to all equipment in the room. Electrician D says that a disconnecting means isn't necessary for the room. Which of the following statements is correct?
A. Electrician B is correct.
B. Electrician C is correct.
C. Electrician D is correct.
D. Electrician A is correct.
3. Five electricians are discussing grounding. Electrician A says that 6" of an 8' rod or pipe electrode is allowed to extend above the finished grade. Electrician B says that a "made" grounding electrode constructed from copper rod that’s 5/8" in diameter and 100" long is acceptable per the NEC. Electrician C says that 6" of a 16' rod or pipe electrode is allowed to extend above the finished grade. Electrician D says that a "made" grounding electrode constructed from copper rod that's 5/8" in diameter and 50" long is acceptable per the NEC. Which of the following statements is correct?
A. Electrician C is correct.
B. Electrician B is correct.
C. Electrician D is correct.
D. Electrician A is correct.
4. Where resistance to ground of a single-made electrode exceeds 25 ohms,
A. additional electrodes must be added until the resistance to ground is lower than 25 ohms.
B. the electrode can be omitted.
C. no additional electrodes are required.
D. one additional electrode must be added.
5. According to the NEC, what type of threadless connectors and couplings must be used with rigid metal conduit if installed in masonry?
A. Rain tight.
B. Concrete tight.
С. Weatherproof.
D. Wet/damp listed.
6. Four electricians are discussing NEC requirements for common appliances.
Electrician A says that new, cord-and-plug, single-phase room A/C units must have factory-installed LCDI or AFCI protection. Electrician B says that the cord for a household refrigerator must be visible and readily accessible to be used as a disconnect switch. Electrician C says that the cord and plug don't have to be new. Electrician D says that an old cord with a spliced new plug can be used. Which of the following statements is correct?
A. Electrician A is correct.
B. Electrician B is correct.
С.Electrician C is correct.
D.Electrician D is correct.
7. Four electricians are discussing switchboards and panelboards. Electrician A says that switchboards and panelboards must provide front and rear access to meet accessibility requirements. Electrician B says that unused circuit breakers mounted in a panelboard should not be identified on the circuit directory until they're actually connected for a circuit application. Electrician C says that switchboards can be installed in cabinets. Electrician D says that switchboards aren't intended to be installed in cabinets. Which of the following statements is correct?
A. Electrician C is correct.
B. Electrician D is correct.
C. Electrician A is correct.
D. Electrician B is correct.
8. Four electricians are discussing the installation of a luminaire in a clothes closet.
Electrician A says that because the clothes-hanging rod is located five inches from the ceiling, the light fixture that's to be mounted directly over the rod must be recessed.
Electrician B says that a surface-mounted incandescent fixture must be placed at least six inches from the storage area. Electrician C says that a surface-mounted incandescent fixture must be placed at least 12 inches away from the storage space. Electrician D says that a surface-mounted incandescent fixture must be placed at least nine inches away from the storage space. Which of the following statements is correct?
A. Electrician B is correct.
B. Electrician A is correct.
С. Electrician C is correct.
D. Electrician D is correct.
The correct options are
B. Electrician A is correct.
D. Electrician A is correct.
B. Electrician B is correct.
A. Additional electrodes must be added until the resistance to ground is lower than 25 ohms.
B. Concrete tight.
A. Electrician A is correct.
C. Electrician A is correct.
A. Electrician A is correct.
What are electricians?Generally, An electrician is a skilled laborer who specializes in the electrical wiring of structures, transmission lines, stationary machinery, and other apparatus that is connected to the field.
Installing new electrical components, repairing and maintaining existing electrical infrastructure, and maintaining and repairing existing electrical infrastructure are all possible jobs for electricians.
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is an extra percentage a lender charges you on an amount you borrow from the lender.
In addition to the amount you borrow from a lender, you will also be charged interest.
The term "interest" is used for what purpose?Interest is a necessary cost of borrowing money, and it is also a cost of lending money. Interest is typically expressed as a percentage of the annualized principal amount of a loan. This percentage indicates the interest rate for the loan.
What does the term "interest example" mean?Let's use a $1,000 loan as an example, with a seven-year, 10% interest rate. In the first year, you'd make $100 in interest. Your interest payment for the following year would be the total amount borrowed plus interest, or $1,100. Thus, $110 ($1,100) would be the interest for the second year.
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What does opportunity cost Meaning?.
how to get hard inquiries removed from your credit report
If you find an unauthorized or inaccurate hard inquiry, you can file a dispute letter and request that the bureau put off it from your report. The consumer credit score bureaus must investigate dispute requests until they determine your dispute is frivolous.
Does Your Credit Score Improve When a Hard Inquiry Is Removed?If a hard inquiry has been on your credit score record for less than a year, you could perchance achieve a few factors via having it removed if you disputed it due to fraud. The greater current the inquiry, the extra factors you stand to gain.
Can you get tough inquiries eliminated early?A respectable challenging inquiry generally can not be removed. But it disappears from your deposit file after two years, and usually solely influences your rating for about one year. If you discover an unauthorized difficult inquiry on your report you can file a dispute and request that it be removed.
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https://brainly.com/question/1618296#SPJ4Match each career with the task that a person in that job completes.
The career matching will be:
Software Developer = B. creates computer applications based on the specifications published by clients
Information Security Analyst = A. plans and implements security measures
Graphic Designer = C.identifies an audience and message to convey through art
What is a career?Your chosen line of work is your career, which typically involves ongoing training and development. In contrast, a job is work you perform for which you are paid. The majority of people work to support themselves and pay their bills, but there may not be a clear long-term trajectory.
A career is the ongoing development you make in order to advance your profession, which may require time and effort from you personally. The process of career planning continues throughout a person's working years.
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Match each career with the task that a person in that job completes.
1) Software developer
2) Information Security Analyst
3) Graphic Designer
A) plans and implements security measures
to protect computer networks and information
B) creates computer applications based on the
specifications outlined by clients
C) identifies an audience and message to
convey through art
how are economic resources allocated in a market economy?
In a market economy, resources are distributed according to the most productive usage by market pricing.
Resources are distributed in a free market economy through the interaction of free and self-directed market forces. This means that producers decide how to produce, consumers decide what to produce, and customers decide who gets the products based on their purchasing power. by decisions made by businesses and households interacting in markets. an economy in which interactions between buyers and sellers in markets account for the majority of economic decisions, but resource allocation is heavily influenced by the government.
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Ability involves assuming risk and organizing resources into a productive process.a. Trueb. False
The given statement "ability includes assuming risks and organizing resources in a productive process" is false because it is not ability, it is known as entrepreneurial ability.
Entrepreneurial ability is defined as the readiness and the ability to start, organize and run a new business, taking all the associated risks to make a profit. Some examples of needed entrepreneurial skills include customer service skills, financial skills, communication and listing skills, teamwork, and leadership skills, among many other skills.
Entrepreneurial ability is different from the abilities usually people have, which is why the given statement is stated to be false because it is an entrepreneurial ability that includes assuming risks and organizing resources in a productive process.
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What is a graphical representation of a combination of goods and services that can be produced in a situation brainly?.
Answer:
Production Possibilities Curve is the answer.
Explanation:
Which hr function includes job orientation, teaching skills, and professional growth?
Training and development is hr function that includes job orientation, teaching skills, and professional growth. In the training and development, the employee are being trained so that the employee's performance will increase.
In human resources, Training and development generally can be defined as an educational activities within an organization that are designed to improve the job performance of an individual or group. The training and development program has a function to advancing a worker's knowledge and skill sets and instilling greater motivation to enhance job performance, so that the employee's performance will increase. Beside that, human resources also has several duties, such as talent management, compensation and employee benefits, training and development, compliance, and workplace safety.
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What is the main difference between a retail bank and a credit union?.
a business leader can cultivate a sense of community by
A business leader can cultivate a sense of community by having a communication style that is we-oriented, not me-oriented.
The style of communication to be used by a business person is probably the most required thing for every business firm that ever exists in the market. This communication takes place between the leader of the business and other members that are a part of his or her team. Thus, it becomes essential for the person to develop and communicate in a style by group-oriented approach, and at the same time, avoid a self-oriented approach.
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Rene ha an exiting mall piggery in hi backyard. He bought 10 head of two-month old piglet at 250000 each a he intend to grow a fattening project to be old after ome month each piglet conume php100000 worth of feed a month how much will rene gain from hi project Given: Number of piglet bought: cot of feed: lenght or animal raiing project elling cot: Computation: Total income" total expene" Cot of piglet cot of feed total expene: profit/gain:
Given the information provided, here's the computation:
Cost of piglets: 10 * 250,000 = 2,500,000
Cost of feed per piglet per month: 100,000
Cost of feed for 10 piglets for 1 month: 100,000 * 10 = 1,000,000
The total cost of feed for 10 piglets for 1 month: 1,000,000 * 1 = 1,000,000
The total cost of piglets and feed: 2,500,000 + 1,000,000 = 3,500,000
Assuming the selling cost of each piglet after one month is 300,000, the total income would be:
10 * 300,000 = 3,000,000
The profit/gain would be:
Total income - Total cost = 3,000,000 - 3,500,000 = -500,000
Rene would incur a loss of 500,000 in this project.
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Rene has an exciting mall piggery in his backyard. He bought 10 head of two-month-old piglet at 250000 each he intends to grow a fattening project to be old after one month each piglet consume php100000 worth of feed a month how much will he gain from his project Given: Number of piglets bought: cot of feed: length or animal raising project selling cost: Computation: Total income" total expense" Cot of piglet cot of feed total expense: profit/gain:
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In the last paragraph, you need to compare your
country's government with what you know about the US
government.
Write your final paragraph in this space.
The government of my country is vastly different from the US government. In my country, the government is a unitary system, meaning that the power and authority are concentrated in a central government.
What is the comparison of our country's government with what you know about the US government?
Our government is a constitutional monarchy, with Queen Elizabeth II as the Head of State. The government is headed by a Prime Minister who is chosen by the majority party in the House of Commons. The US government is a federal republic, with the President as the Head of State. The government is headed by the President, who is elected by the people in a general election. Both governments have a bicameral legislature, consisting of an upper and lower house. Both countries have a system of checks and balances, where the executive, legislative, and judicial branches are equal. Additionally, both countries have a judicial system to uphold the rule of law. However, the US is a republic and the UK is a monarchy, so there are some differences in terms of how their respective governments are organized.
So, These were the comparison of our country's government with what you know about the US government.
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Examines the entire economy of a state, a country, or even the world, So it examines total output, the price level, and other aggregate measures of the economy.
Macroeconomics examines the entire economy of a state, a country, or even the world, so it examines total output, the price level, and other aggregate measures of the economy.
Macroeconomics is a field of study that looks at the big picture of an economy. It looks at the total output, the price level, and other aggregate measurements to get a better understanding of how the economy is performing.
Macroeconomics examines the entire economy of a state, a country, or even the world. It also looks at the different players in the economy and how they interact.
Macroeconomics is an important field of study for policymakers, businesses, and individuals alike as it can provide valuable insight into the current state of the economy and the potential outcomes of economic decisions.
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How much wealth does the top 1 percent have in the USA?.
The wealth does the top 1 percent have in the USA is $11.1 million.
The term wealth in business is defined as an accumulation of valuable economic resources that can be measured in terms of either real goods or money value.
Here we need to identify the amount of wealth does the top 1 percent have in the USA.
Here we have to know that the minimum net worth of the top 1% is roughly $11.1 million.
The study said that a person would need to earn an average of $823,763 per year in order to join the top 1%.
That one is also said that the median salary for all workers in the United States in 2021 was $45,470.
Through the study we want to know that the widening gaps in wealth and income stem from a variety of factors, thus including the wealthiest' s increasing dominance of public and private equity, and tax breaks.
Therefore, here were 927 billionaires in the United States while China had more than 400 billionaires.
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