Luke has a credit line of $8,500 on his credit card. he had a previous balance of $4,236.87 and
made a $3,200.00 payment. the total of his purchases is $989.42. what is luke's available credit?

Subtract the payment from the previous balance:

4236.87 - 3200 = 1036.87

Now add his total purchases:

1036.87 + 989.42 = 2026.29

This is the total amount he owes, now subtract that from his credit line:

8500 - 2026.29 = 6473.71

His available credit is $6,473.71

according to this law, when unemployment goes up by 1%, gdp drops by 2%. in the question, unemployment rate goes from 2% to 5%, meaning unemployment goes up by 3%, so the gdp drops by 6%. thus the effect is a drop in gdp by 6%.

step-by-step explanation: