Business, 11.07.2019 07:20 queentynaisa

Anation's standard of living is determined by a. the quantity of natural resources with which it is endowed. b. factors and events that are beyond the nation's control. c. the percentage of its gdp that is accounted for by government purchases. d. the productivity of its workers

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Choice (d) is the most correct. Productivity of the population and how much can be made (or served) is the biggest driver of standards of living. The more a country can output (and therefore, afford to bring in), the higher the overall standards will be.

Answer from: MileenaKitana

I would say that a nation's standard of living would depend primarily on the richness of its natural resources and also the productivity of its workers. If there are abundant valuable minerals and trees and fossil fuels and rich agricultural land, and its farmers and miners and loggers are hard working and productive then those are the prime reasons for a nation to have a high standard of living.

Answer from: Quest

answer decisions made by individual households and firms;

Answer from: Quest

of the three mortgage options that demarco and tanya have to choose from, the balloon payment mortgage would be their best option, over adjustable payment and fixed payment plans.ultimately, the balloon payment plan would save demarco and tanya overall, in interest, would cost less monthly, and they would only have to make these payments for 8 years, opposing to 30 years for adjustable or fixed payment plans.

overall, demarco and tanya would save $80,811 if they chose balloon payments over fixed payments, and would save $116,711 if they choose balloon payments over adjustable payments. benefits with choosing fixed payments over adjustable payments is that, in the end, the payments will still be $836.30 a month, while with adjustable payments, the initial monthly payments will be $763.38 to $1082.70 a month, ultimately leading to a more costly purchase. benefits with choosing fixed payments over balloon payments are not present. benefits in choosing adjustable payments over is that it has a lower interest rate, and starts with lower monthly payments initially. benefits in choosing adjustable payments over balloon payments include a lower interest rate, and lower initial monthly payments. benefits in choosing balloon payments over fixed payments include lower interest rates, lower overall price, lower monthly payments, takes less time to pay off, and does not require a downpayment. benefits in choosing balloon payments over adjustable payments include, lower monthly payments (when averaged), takes less time to pay off, and lower overall price.

hence, option c, balloon payments, is the best option for demarco and tanya to make this purchase, for it will save them a minimum of $80811, and a maximum of $116,711.

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