For a closed economy, GDP is $13 trillion, consumption is $9 trillion, taxes are $4 trillion and the government runs a surplus of $1 trillion. What is national saving? a.$1 trillion
b.$5 trillion
c.$2 trillion
d.$3 trillion

In the economy of Russia in 2020, consumption was $3500, exports were $200, GDP was $7200, government purchases were $2500, and investment was $2,000. What were Russia’s imports in 2020?
a.$14,400
b.$800
c.$8200
d.$1,000

Suppose that in a closed economy GDP is equal to 10,000, taxes are equal to 3,500 consumption equals 6,000 and government purchases equal 2,000. What are private saving, public saving, and national saving?
a.2,500, 1,000, and 1,500, respectively
b.2,000, 2,000, and 1,500, respectively
c.2,000, 500, and 1,500, respectively

Ummit record company is negotiating with two banks for a $157,000 loan. fidelity bank requires a compensating balance of 24 percent, discounts the loan, and wants to be paid back in four quarterly payments. southwest bank requires a compensating balance of 12 percent, does not discount the loan, but wants to be paid back in 12 monthly installments. the stated rate for both banks is 9 percent. compensating balances will be subtracted from the $157,000 in determining the available funds in part a. a-1. calculate the effective interest rate for fidelity bank and southwest bank. (do not round intermediate calculations. input your answers as a percent rounded to 2 decimal places.) a-2. which loan should summit accept? southwest bank fidelity bank b. recompute the effective cost of interest, assuming that summit ordinarily maintains $37,680 at each bank in deposits that will serve as compensating balances

Asap describe three different expenses associated with restaurants. choose one of these expenses, and discuss how a manager could handle this expense.

Sye chase started and operated a small family architectural firm in 2016. the firm was affected by two events: (1) chase provided $25,000 of services on account, and (2) he purchased $2,800 of supplies on account. there were $250 of supplies on hand as of december 31, 2016. record the two transactions in the accounts. record the required year-end adjusting entry to reflect the use of supplies and the required closing entries. post the entries in the t-accounts and prepare a post-closing trial balance.