Write the Word or Phrase That Best Completes Each Statement

question 155

Essay

Write the word or phrase that best completes each statement or answers the question.
-Lexie wants to have an income of $9000 per year from investments. To that end she is going to invest$90,000 in three different accounts. These accounts pay 7%, 10%, and 14% simple interest. If she wants tohave $10,000 more in the account paying 7% simple interest than she has in the account paying 14% simpleinterest, how much should go into each account?

---

Definitions:

Keynes

An economist who advocated for government intervention in markets to mitigate the adverse effects of economic recessions and depressions through fiscal and monetary policies.

Government Spending

Expenditures made by the public sector on goods and services such as healthcare, education, and defense, which can impact the country's economy.

Federal Budget Deficit

The shortfall where the federal government's expenditures exceed its revenues in a given fiscal year.

Recessions

Recessions are periods of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.