Calculate the total family net worth country

Assignment Help Business Economics
Reference no: EM13834281

In 2000, in Country A, the average family net worth was $410,000, and there was about 6.1 x 10^7 families. Calculate the total family net worth Country A in 2000.

Country A's total family net worth is what in dollars?

Reference no: EM13834281

Questions Cloud

What is the maximum amount of profit that this firm can earn : Refer to the following table which gives the demand and cost data for a price-setting firm: What is the maximum amount of profit that this firm can earn? What is the profit-maximizing price?
Illustrate the walrasian equilibrium : Adam and Eve live in the Garden of Eden and can trade only with each other. Adam is endowed with 60 units of Pleasures of the Spirit and 80 units of Pleasures of the Flesh. Eve is endowed with 40 units of Pleasures of the Spirit and 120 units of Plea..
What is the amount of cost of goods sold for the quarter end : Gregor Inc. uses the LIFO cost-flow assumption to value inventory. Inventory for Gregor on January 1, 2011 was 100 units at a LIFO cost of $25 per unit. During the first quarter of 2011, 200 units were purchased costing an average of $40 per unit, an..
Treasury sells bonds : When the US. Treasury sells bonds, the money supply does not increase, while when the Central Bank sells bonds, the money supply contracts. Explain why?
Calculate the total family net worth country : In 2000, in Country A, the average family net worth was $410,000, and there was about 6.1 x 10^7 families. Calculate the total family net worth Country A in 2000. Country A's total family net worth is what in dollars?
Price discrimination allows a firm to charge different price : The law of diminishing returns says that at some point, as the firm's output increases, marginal product begins to fall and can eventually became negative. Why does this happen? Price discrimination allows a firm to charge different price to differen..
Identify the types of epidemiology studies : Identify the types of epidemiology studies that are used to prove that a given substance resulted in changes in human health.
Relationship between interest rate and length of annuity : Let’s explore retirement planning analysis by calculating the data and sketching a graph that shows the relationship between interest rate and length of the annuity, i.e. the period that monthly withdrawals are made from the retirement account.
Prepare a tax research memorandum and client letter : A and C is a famous country-and-western singer. As an investment, A and C started a chain of barbecue restaurants called ACs Terrific Ribs. AC’s friends and associates invested $600,000 in this venture.  Flake felt that he personally had to make good..

Reviews

Write a Review

Business Economics Questions & Answers

  Q in late 2001 and once again in the current economic

q. in late 2001 and once again in the current economic situation economic policy was aimed at lowering short term

  Expansionary monetary strategy to shift

Assume the economy starts out at point A. After that, the public anticipates that the Fed will use expansionary monetary strategy to shift the AD curve from AD1 to AD2.

  Competitive markets normally lead profit maximizing firms

”Most commercial fish species in nearly every ocean and sea are being rapidly depleted in what marine biologists and other specialists warn is evolving into one of the worst ecological disasters of modern times. According to the United Nations, the w..

  Increased rate of money printing

It was top news a week ago that Bank of Ukraine increased its rate to 30%. And the news said they did this to fight inflation. But I don't understand one thing: isn't the increased rate of "money printing" of the central bank only aggravates the prob..

  Firm is interested in minimizing average total costs

Suppose that your firm's marginal cost of producing a pencil is 5 cents and the average cost of producing a pencil is 3 cents. If your firm is interested in minimizing average total costs, what should your firm do?

  Initial allocation of cheese also bread is pareto efficient

Draw the Edge worth Box diagram for this economy also Explicate whether the initial allocation of cheese also bread is Pareto efficient.

  Q suppose people in our overlapping generations model have

q. suppose people in our overlapping generations model have the opportunity either to hold at money with complete

  Q1 you want to buy a car that costs 24999 you have 3000 to

q1. you want to buy a car that costs 24999. you have 3000 to pay upfront as a down-payment as well as you are

  Why does a white male earn more than a white female

Why does a union electrician earn less than a non-union electrician? Why does a white male earn more than a white female with the same level of education?

  Evolution of work on the laissez-faire

Trace the evolution of work on the laissez-faire doctrine through two arcs. First those theorists who are trying to prove that the system is stable

  Elucidate how would you price these two events differently

Demand for sporting events is uncertain, and depends on the quality of the match, as well as on unpredictable events, like the weather. Elucidate how would you price these two events differently.

  Illustrate what factors do you use to determine

Illustrate what factors do you use to determine whether to invest in the additional capital and labor.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd