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QUESTION 16 5 points Save Answe In the graph below, the slope of the line AB is 3 2 0 0 positive negative infinite 2 zeroQUESTION 17 5 points Save Answe The equation used to compute Gross Domestic Product (GDP) is (GDP-C + I + G + X. if GDP-б737, 1038, G 1174, and X-102 the value for C is: 4423 4627 6841 none of these QUESTION 18 5 points Save Answe The speed at which money changes hands (V) is represented by the equation below. Use this equation to find v- PO M-V/PQ M=VPQ M- V- PQ

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Answer #1

In the above graph, the slope of the line AB is Positive

Reason - There are some things from which slope of the graph can be determined like,

If the line is starting from the bottom left and going towards the top right then it is a positive slope.

If the line is starting from top left and going towards the bottom right then it is a negative slope.

If the line is parallel to Y-axis then the slope is zero.

If the line parallel to X-axis then the slope is infinite.

Example of the positive slope is a supply curve.

Example of the negative slope is a demand curve.

Example of zero slope can be perfectly inelastic supply curve and perfectly inelastic demand curve.

Example of infinite slope can be perfectly elastic supply curve and perfectly elastic demand curve.

2) In the above question, the following things are given -

Gross Domestic Product (GDP) = 6737

Total Investment (I) = 1038

Total spending by government (G) = 1174

Net Exports (X) = -102

Total spending by consumers (C) = ?

GDP = C + I + G + X

6737 = C + 1038 + 1174 + (-102)

Now by shifting all the values to the left side, signs of all values will change

6737 - 1038 -1174 + 102 = C

C = 4627

3)The speed at which money changes hands (V) is represented by the equation

PO

Now by this equation, we have to find M

So first M will go to the left side with V and there is a rule that if something is in the denominator and when that is shifted to the left side then it is multiplied with the whatsoever value in the left side. Hence M will be multiplied with V so now our equation is

V x M = PQ

Now if something is in multiplication and when it is shifted to the other side of equals to sign then it comes in the denominator and by this rule as V is in multiplication with M and V is shifted to the other side then it will come in the denominator of PQ

Now the equation will be -

M-PO

So Option D is correct

  

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