Question 3 (25 marks) a) Explain the relationship between marginal cost, wage and marginal product of labour (9). b) Derive the relationship between marginal cost, wage and marginal product of labour

The statement that 'sunny's additional employees are value added because management has demanding that demanding the return lamps decrease' is false as they may have reduced the return rate but increased the scrap rate.

Sunny's additional employees are not value added because although they have helped to decrease the return rate, they have also caused the scrap rate to increase. Value added activities are those that help to increase the overall value of the product or service without causing any negative consequences. In this case, while the additional employees have helped to decrease the return rate, they have also caused the scrap rate to increase, which is a negative consequence.

Therefore, they are not value added and the statement is false.

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The given statement "Starbucks is offering disaster pay to partners who have been diagnosed with COVID-19 or have been exposed to it, allowing them to stay at home and self-isolate" is true because Sarbucks has implemented a disaster pay policy for partners who have been diagnosed with COVID-19 or have been exposed to it.

This policy allows these partners to stay at home and self-isolate without worrying about losing pay. Starbucks is committed to the health and safety of its partners and customers, and this policy is one way that the company is supporting its partners during this challenging time. Additionally, Starbucks has implemented other measures, such as enhanced cleaning and sanitizing procedures, to help prevent the spread of COVID-19.

"

Starbucks is offering disaster pay to partners who have been

diagnosed with COVID-19 or have been exposed to it, allowing them

to stay at home and self-isolate.

True

False

"

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Answer:

Could you perhaps say which law

The derivative is negative, this means that the average total cost (ATC) is decreasing at the beginning due to fixed cost.

The short-run cost curves for a firm producing shoes using labor (L) and machines (K) with a production function of

Q = K1/3 L2/3,

fixed K at 8, price of capital (r) at $4, and wage (w) at $2 can be found and plotted as follows:

1. First, we need to find the total cost (TC) of production. This can be found by multiplying the price of capital (r) by the fixed amount of capital (K) and adding the product of the wage (w) and the amount of labor (L):
TC = rK + wL
TC = ($4)(8) + ($2)(L)
TC = $32 + $2L

2. Next, we need to find the average total cost (ATC), which is the total cost (TC) divided by the quantity of output (Q):
ATC = TC/Q
ATC = ($32 + $2L)/Q

3. We also need to find the marginal cost (MC), which is the change in total cost (TC) divided by the change in quantity of output (Q):
MC = ∆TC/∆Q

4. To find the average variable cost (AVC), we need to subtract the average fixed cost (AFC) from the average total cost (ATC):
AVC = ATC - AFC
AVC = ($32 + $2L)/Q - $32/Q
AVC = $2L/Q

5. Now we can plot the short-run cost curves on a graph with the quantity of output (Q) on the x-axis and cost on the y-axis. The total cost (TC) curve will be upward-sloping and the average total cost (ATC) and average variable cost (AVC) curves will be U-shaped. The marginal cost (MC) curve will intersect the ATC and AVC curves at their minimum points.

6. To show that the average total cost (ATC) reaches its minimum value at the level of production where it equals marginal cost (MC), we need to set ATC equal to MC and solve for Q:
ATC = MC
($32 + $2L)/Q = ∆TC/∆Q
$32 + $2L = Q(∆TC/∆Q)
Q = ($32 + $2L)/(∆TC/∆Q)

7. To show that the average total cost (ATC) is always decreasing at the beginning due to fixed cost, we need to take the derivative of ATC with respect to Q:
d(ATC)/dQ = d(($32 + $2L)/Q)/dQ
d(ATC)/dQ = -($32 + $2L)/Q^2

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Leandra is solely breast-fed, and Donica is exhausted since she wakes up numerous times during the night and appears to be hungry.

What is Leandra up to these days?

So, after formally closing things down in October, Leandra kept us in the dark until she reappeared with a new venture: The Cereal Aisle newsletter.

She was accused of acting as a performative ally after issuing an open letter expressing her support for the demonstrations. Opponents were quick to remind out she had just dismissed a black employee in a scandal. Charges of racism and a hostile company atmosphere prompted her departure.

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Answer:

The Taxation Acts, the Boston Massacre, the Boston Tea Party, and the Intolerable Acts were the four main causes that lead to the American Revolution.

Explanation:

I gave you four just because..Have a good day and hope this helps!

1.) Taxation without representation: The British government imposed a series of taxes on the American colonies without giving them any representation in the British Parliament. The colonists felt that these taxes were unfair and were being imposed without their consent. The most significant of these taxes was the Stamp Act of 1765, which required the purchase of stamps for various legal documents and printed materials.

2.) British economic and trade policies: The British government imposed a series of economic and trade policies that were detrimental to the American colonies. The Navigation Acts, for example, restricted the colonies from trading with other countries and required them to use British ships to transport their goods. These policies prevented the colonies from fully exploiting their resources and limited their economic growth.

3.) Political and social unrest: The colonists were increasingly unhappy with the way they were being treated by the British government. There were growing tensions between the colonists and British soldiers, who were stationed in the colonies to enforce British laws. There were also growing movements for independence and a desire for greater political and social freedoms. These movements were inspired by the Enlightenment ideas of individual rights, freedom, and democracy, which were gaining popularity in Europe at the time.

Answer: Yes

Explanation:

We as humans tend to make the same mistakes. (as seen throughout history) So by reflecting upon previous generations' errors we can try to do better ourselves.

Hope this helps - Darkone

The production plan that maximizes total profit is X1 = 2 and X2 = 16/3.

To solve this problem and determine the production plan that maximizes total profit, we need to use the information given in the demand functions and the unit costs to set up a profit function. Then, we can use the limitation of disposable materials to set up a constraint and solve for the optimal values of x1 and x2.

The profit function is given by:

P = (P1 - n1)X1 + (P2 - n2)X2

Plugging in the given values for P1, P2, n1, and n2, we get:

P = (6 - X1 - 3)X1 + (5 - X2 - 1)X2

Simplifying, we get:

P = 3X1 - X1^2 + 4X2 - X2^2

Next, we need to use the limitation of disposable materials to set up a constraint:

2X1 + 3X2 ≤ 20

We can rearrange this equation to solve for X2 in terms of X1:

X2 ≤ (20 - 2X1)/3

Now, we can use this constraint to find the maximum value of the profit function. To do this, we can plug in the value of X2 from the constraint into the profit function and take the derivative with respect to X1:

P = 3X1 - X1^2 + 4(20 - 2X1)/3 - (20 - 2X1)^2/9

Taking the derivative and setting it equal to zero, we get:

6X1 - 8X1/3 - 8/3 = 0

Solving for X1, we get:

X1 = 2

Plugging this value back into the constraint, we get:

X2 = (20 - 2(2))/3 = 16/3

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Money as a store of value is preferred over other assets such as stocks and bonds. The correct answer to this question is option d. It is the most liquid store of value.

Money is preferred over other assets as a store of value because it is the most liquid store of value. This means that it can be easily and quickly converted into other forms of currency or used to make purchases without losing value. Stocks and bonds, on the other hand, may take longer to convert into cash and may lose value in the process. Additionally, money avoids the double coincidence of wants, as it is universally accepted as a form of payment and does not require finding someone who wants the specific asset you are trying to trade. Therefore, option d is the correct answer.

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a. The price of Y in the US is $390, the profits of the American and the Japanese firm is $65 and $50 respectively, and and total labor income in the Y sector in the US is $1000. b. Political pressure by unions in the US results in a new wage of $25/unit, hence in the new situation, the price of Y in the US is $408, the profits of the American and the Japanese firm is $68 and $68 respectively, and and total labor income in the Y sector in the US is $2500.

a. The price of Y in the US is determined by the cost of production plus the profit margin. The cost of production includes the fixed cost (F = 300), the cost of labor (1 unit x $10/unit = $10), and the cost of capital (1 unit x $15/unit = $15). Therefore, the cost of production is:

$300 + $10 + $15 = $325.

If we assume a profit margin of 20%, then the price of Y in the US is:

$325 x 1.2 = $390.

The profits of the American firm are determined by the price of Y minus the cost of production. Therefore, the profits of the American firm are:

$390 - $325 = $65.

The profits of the Japanese firm are determined by the price of Y minus the cost of production and the transportation and duty costs. The cost of production for the Japanese firm is the same as for the American firm ($325), and the transportation and duty costs are:

$10/unit + $5/unit = $15/unit.

Therefore, the profits of the Japanese firm are:

$390 - $325 - $15 = $50.

The total labor income in the Y sector in the US is determined by the number of units produced multiplied by the cost of labor per unit. If we assume that 100 units of Y are produced in the US, then the total labor income is:

100 x $10/unit = $1000.

b. If the wage of labor in the US increases to $25/unit, then the cost of production for the American firm increases to:

$300 + $25 + $15 = $340.

The price of Y in the US also increases to:

$340 x 1.2 = $408.

The profits of the American firm decrease to $408 - $340 = $68.

The cost of production for the Japanese firm remains the same ($325), but the transportation and duty costs increase to:

$10/unit + $5/unit = $15/unit.

Therefore, the profits of the Japanese firm decrease to:

$408 - $325 - $15 = $68.

The total labor income in the Y sector in the US increases to 100 x $25/unit = $2500.

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However, there is no clause in the Constitution that forbids a state from breaking away from the rest of the nation. The Supreme Court has also ruled that there is no legal authority for secession

The relationship between the central and state admins is defined by the 10th Amendment, which also contributes to this definition. It is significant  states weren't given the authority to independently secede from of the U.s.a. However, there is no clause in the Constitution that forbids a state from breaking away from the rest of the nation. The Supreme Court has also ruled that there is no legal authority for secession. The States taken by individual hold the one and only authority, and a State that has once been a part of a Confederate cannot leave without the approval of the other States; the majority must prevail.

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According to the situation I have just demonstrated that the null hypothesis is unlikely to be true.

A statistical hypothesis known as a null hypothesis asserts that no statistical significance can be found in a collection of provided observations. Using sample data, hypothesis testing is performed to judge a theory' veracity. It is sometimes referred to as just "the null," and its symbol is H0. To determine if a theory regarding markets, investing methods, or economies is correct or wrong, quantitative analysts employ the null hypothesis, often known as the conjecture. A statistical conjecture known as a null hypothesis asserts that certain features of a population or data-generating process are not different from one another.

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If Nominal GDP is $16,000 billion and the GDP deflator is 50, then Real GDP is $8,000 billion. (C)

Real GDP is a measure of a country's economic output that is adjusted for inflation. Nominal GDP is the measure of a country's economic output at current prices, and it does not take into account the effects of inflation.

To calculate real GDP, you must use the GDP deflator, which is a measure of the level of prices in the economy. The GDP deflator measures the average level of prices across the entire economy.

To calculate real GDP in this example, you must divide the nominal GDP of $16,000 billion by the GDP deflator of 50. This gives you a real GDP of $8,000 billion. (C)

The GDP deflator is a useful tool for economists because it allows them to compare economic performance over time, even when prices have changed. By adjusting for inflation, economists can get a better picture of the true performance of an economy.

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In the U.S., government subsidies for "alternative" energy sources have been d. Marred by costly failures and rendered moot by a sharp increase in conventional energy supply.

This means that the subsidies have not been hugely successful with minimal failures, nor have they been the major reason for the nation's reduced dependence on imported sources of energy. Additionally, they have not been receiving universal political support. While there have been some successes with alternative energy sources, there have also been a number of costly failures, such as the bankruptcy of solar panel manufacturer Solyndra, which received $535 million in federal loan guarantees. Additionally, the recent boom in domestic oil and gas production has led to a decrease in the need for alternative energy sources.

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The magnitude of the derivative is relatively small, indicating that the isoquant is relatively flat at this point.

The marginal rate of substitution (MRS) is the rate at which one input can be substituted for another input while holding the output constant. In this case, the MRS is given by MRS = K1/6 / L. To find the value of the derivative, we need to take the partial derivative of the MRS with respect to one of the inputs, holding the other input constant. Let's take the partial derivative with respect to L:

∂MRS/∂L = -K1/6 / L^2

Now, we can plug in the values of L and K given in the question to find the value of the derivative at that point:

∂MRS/∂L = -17^1/6 / 1.42^2

= -0.091

This value of the derivative tells us about the shape of the firm's isoquant at the point where L = 1.42 and K = 17. A negative derivative indicates that the isoquant is downward-sloping, meaning that as the firm uses more labour, it needs less capital to produce the same level of output. The magnitude of the derivative indicates the steepness of the isoquant; a larger magnitude indicates a steeper slope.

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Two polygons are similar if and only if there is a correspondence among their angles and among their sides so that all corresponding angles are congruent and all corresponding sides are proportional.

When and if just if there is interrelationship between the degrees and edges of 2 polygons, with all correspondences resulting in congruent angles and proportional sides, then those two polygons are said to be comparable. If the respective angle have a normalization factor as well as the edges are congruent, two polygons are said to be similar. Solids are comparable if those who share a comparable form or a comparable structure . In maths, a polygon is indeed a planar shape conjured up of paths linked to create a continuous polygonal network. One can be created another more exactly besides uniformly scaling, potentially with the addition of additional translation, rotation, and reflection.

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The supply curve does not slope downward to the right, it actually slopes upward to the right.

This is because as the price of a good or service increases, producers are willing to supply more of it in order to make a profit.

In the case of chocolate, if the price of chocolate increases, producers will be willing to produce and sell more chocolate in order to take advantage of the higher price and make more profit. Conversely, if the price of chocolate decreases, producers will be less willing to produce and sell it because they will make less profit.

This relationship between price and quantity supplied is represented by the upward sloping supply curve.

The supply curve slope can be explained by the law of supply, which states that there is a direct relationship between price and quantity supplied. As price increases, quantity supplied also increases, and as price decreases, quantity supplied decreases. This is why the supply curve slopes upward to the right.

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The expenditure approach to GDP accounting states that the total value of all final goods and services produced in a closed economy is equal to the sum of consumption (C), investment (I), and government spending (G).

Similarly, the income approach states that the total value of all final goods and services produced in a closed economy is equal to the sum of consumption (C), savings (S), and taxes (T).

a) To show that leakage (S + T) is equal to injections (I + G), we can rearrange the GDP accounting identity for the expenditure approach as follows:

Y = C + I + G

Y - C = I + G

Since Y - C is equal to S + T from the income approach, we can substitute S + T for Y - C:

S + T = I + G

Thus, leakage (S + T) is identically equal to injections (I + G).

b) To determine whether leakages (S + T) increase or decrease when the tax rate (t) increases, we first need to derive an expression for S + T. We can do this by substituting the given functional forms into the GDP accounting identity for the income approach:

Y = C + S + T

Y = A + b YD + S + Ta + t Y

Y = A + b (Y - T) + S + Ta + t Y

Y = A + b Y - b T + S + Ta + t Y

Y - b Y - t Y = A + S + Ta - b T

(1 - b - t) Y = A + S + Ta - b T

S + T = (1 - b - t) Y - A - Ta + b T

Next, we can differentiate this expression with respect to 't':

d(S + T)/dt = -(1 - b - t) dY/dt - Y + dTa/dt - b dT/dt

Since Y and A are constants, their derivatives with respect to 't' are equal to zero:

d(S + T)/dt = -Y + a

Thus, the change in leakages (S + T) with respect to the tax rate (t) is equal to -Y + a. If -Y + a is positive, then leakages (S + T) increase when the tax rate (t) increases. If -Y + a is negative, then leakages (S + T) decrease when the tax rate (t) increases.

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1. In this situation, it is likely that investment will decrease. This is because the cost of borrowing funds (the interest rate) is higher than the return on investment (ROI) for the projects.

As a result, management may choose not to invest in these projects, as they would not be profitable.

2. If interest rates fell to 9%, investment may increase. This is because the cost of borrowing funds has decreased, making it more profitable for management to invest in projects with a 6-8% ROI. However, it is important to note that the difference between the interest rate and the ROI is still small, so management may still choose not to invest in these projects.

Overall, interest rates play a crucial role in management's decision to invest in projects. When interest rates are high, it is less profitable to invest in projects with a lower ROI. However, when interest rates are low, it is more profitable to invest in projects with a higher ROI. This is why changes in interest rates can have a significant impact on investment.

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The Nash equilibrium for this game is the point where both players make the best decision they can, given the decision of the other player. In this case, the Nash equilibrium is the point (C, F) where both players receive a payoff of 5.

To find the Nash equilibrium, we need to look at each player's best response to the other player's decision. For player 1, their best response to player 2 choosing D is to choose C, for player 2 choosing E is to choose C, and for player 2 choosing F is to choose C. For player 2, their best response to player 1 choosing A is to choose F, for player 1 choosing B is to choose F, and for player 1 choosing C is to choose F.

Since both players' best response is to choose C and F respectively, the Nash equilibrium is the point (C, F) with a payoff of (5, 0) for player 1 and (0, 5) for player 2.

In conclusion, the Nash equilibrium for this game is (C, F) with a payoff of (5, 0) for player 1 and (0, 5) for player 2.

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1. Stagflation is a combination of increasing unemployment and increasing inflation (Option A). 2. The three consequences of the decline in demand during the Great Depression are represented by falling prices, declining output, and a surge in unemployment (Option A). 3. According to the wealth effect, when prices decrease, the purchasing power of assets increases and consumer spending increases (Option D). 4. According to the interest rate effect, a decrease in the price level causes people to decrease their money holdings, which decrease interest rates and increase investment spending (Option D). 5.  If prices are constant, but there is an increase in the value of financial assets, aggregate demand shifts to the right (Option D).

1. Stagflation is a combination of: a) increasing unemployment and increasing inflation. This occurs when the economy is experiencing both high levels of inflation and high levels of unemployment at the same time. Therefore, the correct option is A.

2. The three consequences of the decline in demand during the Great Depression are falling prices, declining output, and a surge in unemployment. As demand decreased, businesses were unable to sell their goods and services at the same prices, leading to a decrease in output and an increase in unemployment. Therefore, the correct option is A.

3. Based on the wealth effect, when prices decrease, the purchasing power of assets increases and consumer spending increases. As prices decrease, the value of money and assets increases, allowing consumers to buy more goods and services with the same amount of money. Therefore, the correct option is D.

4. According to the interest rate effect, a decrease in the price level causes people to decrease their money holdings, which decreases interest rates and increases investment spending. As prices decrease, people have less need to hold onto money, leading to a decrease in interest rates and an increase in investment spending. Therefore, the correct option is D.

5. If prices remain constant and there is an increase in the financial assets value, aggregate demand shifts to the right. As the value of financial assets increases, consumers have more wealth and are able to spend more, leading to an increase in aggregate demand. Therefore, the correct option is D.

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From the excerpt on "Securing freedom and property to all men" in Common Sense by Thomas Paine, an enlightenment idea that he is most supporting is natural rights should be protected. The Option A is correct.

In this phamplet, Thomas Paine advocated for two main points: independence from England and the establishment of a democratic republic. Paine avoided flowery language.

Moreover, Paine recognized that philosophical abstractions were not as powerful as emotion and experience. Instead, Paine urged Americans to trust their own instincts about what was right and just and how the country should be run, just as they did with other everyday decisions.

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Answer:

it's option A   NP!!

Explanation:

Consumer purchasing behavior and well-being are important factors to consider for the following reasons: Understanding consumer needs, Improving product design, Creating effective marketing strategies, etc.

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Answer:

DAN 5400 ft lb, LOUIS 5400ft lb

Explanation:

did the same amount work but in different time. The question was how much work has done by them. It should be

There are many qualities that can contribute to a healthy relationship, but here are four important ones:

Communication: Open and honest communication is crucial for a healthy relationship. Being able to express your feelings and needs, listen to your partner's perspective, and work through conflicts together can help build trust and intimacy.

Respect: Respecting each other's boundaries, opinions, and values is essential for a healthy relationship. When partners feel respected, they are more likely to feel safe, valued, and loved.

Trust: Trust is the foundation of any healthy relationship. Trust means believing that your partner will be faithful, honest, and reliable, and that they have your best interests at heart.

Empathy: Being able to put yourself in your partner's shoes and understand their feelings and perspective is key to building a strong emotional connection. Empathy can help you be more supportive, caring, and attentive to your partner's needs.

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In order to calculate the rate of inflation for UCLA in 2010, we need to subtract the real GDP growth from the nominal GDP growth.

The nominal GDP growth of UCLA in 2010 was 10%, and the real GDP growth of UCLA in 2010 was 4%. Therefore, the rate of inflation for UCLA in 2010 was 6% (10% - 4%).

To find the rate of inflation for UCLA in the year of 2010, we can use the formula:

Inflation rate = 10% - 4%

Therefore, the rate of inflation for UCLA in the year of 2010 was 6%.

To find the rate of inflation for UCLA in the year of 2010, we can use the formula:

Inflation rate = Nominal GDP growth - Real GDP growth

Substituting the given values into the formula:

Inflation rate = 10% - 4%

Inflation rate = 6%

Therefore, the rate of inflation for UCLA in the year of 2010 was 6%.

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The market value of all final goods and services produced within Wrexington in 2006 is b. $110.

This can be calculated by taking all the values listed in the table and adding them together. GDP + Income earned by citizens abroad + Income foreigners earn here + Losses from depreciation + Indirect business taxes + Business subsidies + Statistical discrepancy + Retained earnings + Corporate income taxes + Social insurance contributions + Interest paid to households by government + Transfer payments to households from government + Personal taxes + Nontax payments to government = $110.

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1. The correct answer is b-Low-rent public housing.

2. The correct answer is a-are government-regulated markets where individuals can purchase health insurance to satisfy the personal mandate provision of the PPACA.

This is because low-rent public housing is not a cash transfer program, but rather a program that provides housing assistance to low-income families. Cash transfer programs provide financial assistance directly to individuals or families in need, such as Social Security, Supplemental Security Income (SSI), and TANF.

Insurance exchanges were created under the Patient Protection and Affordable Care Act (PPACA) to provide individuals with access to affordable health insurance plans. These exchanges are regulated by the government to ensure that all plans meet certain standards and that individuals are able to find a plan that meets their needs and budget.

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In a closed economy, the public saving and national saving is $2 billion and $20 billion. Therefore, the correct answer is $2 billion and $20 billion.

In a closed economy, national saving is equal to the sum of private saving and public saving. This means that we can use the formula:

National Saving = Private Saving + Public Saving.

We are given that investment is $20 billion and private saving is $22 billion. We can use these values to solve for public saving:

National Saving = Private Saving + Public Saving

$20 billion = $22 billion + Public Saving

Public Saving = $20 billion - $22 billion

Public Saving = -$2 billion

Now we can use the value of public saving to find national saving:

National Saving = Private Saving + Public Saving

National Saving = $22 billion + (-$2 billion)

National Saving = $20 billion

Therefore, the correct answer is - $2 billion and $20 billion.

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