Steve Prince and Chelsy Poodle formed a partnership, dividing income as follows: Annual salary allowance to Prince of $88,000. Interest of 5% on each partner's capital balance on January 1. Any remaining net income divided to Prince and Poodle, 1:2. Prince and Poodle had $61,040 and $97,560, respectively, in their January 1 capital balances. Net income for the year was $160,000. How much is distributed to Prince and Poodle?

Determine if the following statements are true or false. an increase in government spending can crowd out private investment. an improvement in the budget balance increases the demand for financial capital. an increase in private consumption may crowd out private investment. lower interest rates can lead to private investment being crowded out. a trade balance in sur+ increases the supply of financial capital. if private savings is equal to private investment, then there is neither a budget sur+ nor a budget deficit.