5 pts Question 1
Calculate the following (show your work):
A. The equilibrium price of a bond that pays three coupon payments of $1,000 each
for the next 3 years and the principal of $5,000 three years from now. If the interest
rate is 6%. (2)
B. The national saving in the economy described by the following equations (3)
o real GDP = $2,000
aggregate consumption C = $200 +0.75Y
onet tax T = $400
government purchase of goods and services G = $300
o
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combine all like terms then its just a 2 step equation

fabric (square meters)                   cloaks

7                                                           21

4/3                                                         4

step-by-step explanation:

we are told that harry needs 2 square meters of fabric for every 6 wizard cloaks he makes.

1. first of all we will find how many cloaks can be made from 1 square meter of fabric by dividing 6 by 2.

we can see that 3 cloaks can be made from 1 square meter of fabric. now we will multiply 3 by 7 to find number of cloaks made from 7 square meters of fabric.

therefore, harry will make 21 cloaks from 7 square meters of fabric.

2. let us find how many square meters of fabric will be needed to make 4 cloaks.

first of all we will find fabric needed for 1 cloak by dividing 2 by 6.

we can see that fabric needed for 1 cloak is   square meter. now we will multiply   by 4 to find fabric needed for 4 cloaks.