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DIA [1.3K]
2 years ago
14

Was the economic growth and tax relief reconciliation act of 2001 expansionary or contractionary

Business
1 answer:
jasenka [17]2 years ago
6 0

The economic growth and tax alleviation reconciliation act of 2001 expansionary or contractionary: sweeping U.S. tax.

Economic growth can be described as the increase or development inside the inflation-adjusted market price of the products and services produced by an economic system over a certain period of time. Statisticians conventionally measure such growth because the percent charge of growth is inside the real gross domestic product or actual GDP.

Economic growth method a boom in actual GDP – a boom inside the fee of countrywide output, income, and expenditure. essentially the benefit of financial increase is better residing requirements – higher actual incomes and the capacity to dedicate greater resources to areas like health care and schooling. extensively talking, there are fundamental assets of economic growth: growth in the size of the body of workers and growth inside the productivity (output in step with hour worked) of that team of workers. either can increase the overall size of the economy however best sturdy productivity growth can grow according to capita GDP and earnings.

Learn more about  economic growth here: brainly.com/question/1690575

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Tee Time Golf Resort plans to use famous Kauri wood from New Zealand for parts of the interior of the magnificent clubhouse at i
Tju [1.3M]

Answer:

correct option is C. it's a good time to buy the wood.

Explanation:

given data

slab = 10 feet

cost Tee Time =  $5,000

$500 US dollars = $738 NZ dollars

solution

If they import timber from New Zealand. Tea Golf Resort pays less than $ 5000 to import Wood from New Zealand at the current exchange rate. This is a good time for them to import forests

we get here current exchange rate of 1 dollar that is as

US $500 = NZ $738

so $1 = \frac{738}{500}  

$1 = NZ  $1.476

current exchange rate is $1 = NZ $1.476

so

10 foot slab costs $5000

so Tee Golf Resort will pay is

Tee Golf Resort pay = \frac{5000}{1.476}  

Tee Golf Resort pay = $3387.53

so correct option is C. it's a good time to buy the wood.

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3 years ago
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3 years ago
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The video mentions the loss of U.S. manufacturing jobs to overseas locations. What is this called? What is the opposite trend th
sleet_krkn [62]
The correct answers are as follows:
1. The loss of US manufacturing jobs to oversea location is called OUTSOURCING.
Outsourcing refers to a situation in which a company transfer part of its production process to external suppliers rather than completing the whole process internally. This method is usually employed in order to reduce the cost of production. The most important cost of production that is always reduced by employing the method of outsourcing is labor cost, because it is one of the highest cost in the production process. Most manufacturing companies in US now take part of their manufacturing process to other countries of the world such as China, where labor cost and other production costs are  drastically reduced  compare to that of USA. This increases the profits realized by the companies.

2. The opposite trend that has occurred in the United States with companies like Toyota and Honda is FOREIGN COMPANIES OPENING MANUFACTURING PLANTS IN THE US AND EMPLOYING A LARGE NUMBER OF WORKERS.
In contrast to outsourcing, big car companies like Toyota and Honda are now locating their companies in the United States.These companies normally need large number of worker to keep things moving, thus, a massive number of US citizens are been employed by these companies. The companies are thus playing a key role in the US employment sector. 
3 0
3 years ago
What is the difference between capital gain and capital loss?
Sonja [21]

Explanation:

<em><u>capital gain is a profit from stock. capital loss is a loss from stock.</u></em>

3 0
3 years ago
QUESTION 10 of 20: Which of the following is NOT a type of insurance?
Trava [24]

Answer:

C) Deductible is not a type of insurance

Explanation:

It is the amount of money you pay before the actual insurance claim.

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