Developia has experienced a high GDP growth. Consequently, the tax revenue collected by the government over this period:
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Claude eats fruit every afternoon. He usually chooses an apple or a banana. Whenever he opts to eat an apple, he also eats a cinnamon biscuit. The cross elasticity of demand is between apples and cinnamon biscuits and between apples and bananas.
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If a borrower repays only the minimum amount on their credit card each month, what is the likely consequence?
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Martians direct their disposable income at consumption and savings. An increase of private investment spending on Mars by 80 Martian units led to an increase in Martian national income by 400 Martian units. In this case, it can be argued that the marginal propensity to save (MPS) is equal to:
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In a picturesque village, two restaurants share the market. At the moment, they get quite the same profit, 15.000 each. They have to consider spending20.000 on renovating the road to ease access. If the road is renovated, their profit will increase to $50.000 each (without taking into account any re