1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nuetrik [128]
1 year ago
13

lilliput is a country that has closed borders and does not import or export any goods or services; hence, they do not worry abou

t trade with other countries. total spending for the federal government of lilliput for the last fiscal year was $24.19 billion. the country collected $22.9 billion in taxes during this same fiscal year. assume government transfers were zero. based on this information, what is lilliput's budget balance? enter your answer to two decimal places. budget balance: $ 1.29 billion
Business
1 answer:
zhannawk [14.2K]1 year ago
7 0

-0.01 billion is lilliput's  a budget deficit. Total expenditure minus total receipts is the fiscal deficit (excluding borrowings). Revenue outlays plus capital outlays are equal to the revenue inflows plus capital inflows minus borrowings.

Despite being primarily utilised by governments, this has a wide range of applications for both people and companies. A government has a budget deficit when it spends more in a given inflows than it brings in the through taxes, for example. As a straightforward illustration, consider a government that receives $10 billion in revenue one year but spends $12 billion, creating a $2 billion budget deficit.

To learn more about  budget deficit, click here.

brainly.com/question/29602763

#SPJ4

You might be interested in
To raise operating funds, Signal Aviation sold an airplane on January 1, 2018, to a finance company for $770,000. Signal immedia
liraira [26]

Answer:

Value of the lease = Annual lease payments * PVAD (11%, 13)

Value of the lease = $102,771 * 7.492236

Value of the lease = $770,000

Date      Account Titles and Explanation   Debit$     Credit$

Jan. 1     Leased Asset - Airplane                770000

                   Lease Liability                                            770000

Jan. 1     Lease Liability                                 102771

                    Cash                                                           102771

Dec. 31    Interest Expense                            73395

                ($770,000 - $102,771) x 11%

                     Interest  Payable                                        73395

Dec 31.   Depreciation Expenses                  40,000

               (600,000/15 years)

                       Accumulated Depreciation                     40,000

5 0
2 years ago
Suppose you had to test how well two types of soap work. describe your experiment by using terms control and variable.
Vinil7 [7]

In testing the soap with the use of  control and variable, you need to differentiate both of the soaps that is needed to be differentiated with having to name the materials used and the soaps that are under the control and under the variable. The control will be the materials needed as it is the one responsible of changing the variable as the soaps are the variable because they will likely change as the experiment is conducted.

6 0
3 years ago
According to the Monetarist theory, _____________is a critical causal force that determines the nominal GDP..
aivan3 [116]

Answer:

money supply

Explanation:

Monetarists are a branch of new classical economists that, as the name  suggests, believe that money has a very important part to play within an  economy.They believe that aggregate expenditures in the economy are influenced by the  market rate of interest, and therefore money can affect the level of output in the  short run economy.However, they further believe that money influences the long run unemployment  in the economy. If monetary policies are used to increase aggregate demand, it is  thought that this use of additional money may cause a short term boost in output,  but will ultimately lead to inflation in the economy.

So the answer is money supply

7 0
3 years ago
Thomlin Company forecasts that total overhead for the current year will be $7,584,000 with 158,000 total machine hours. Year to
IRINA_888 [86]

Answer:

(D) $48 per machine hour

Explanation:

The predetermined overhead rate is given by total estimated overhead divided by the total estimated machine hours

Total estimated overhead = $7,584,000

Total estimated machine hours = 158,000 hours

Predetermined rate = $7,584,000 ÷ 158,000 hours = $48 per machine hour

4 0
3 years ago
Read 2 more answers
Select ALL the correct answers!
Norma-Jean [14]

The answer is:

A. by building highways, railways, and airports  

C. by providing power and Internet connections

D. by importing or developing innovative technologies

Physical capital refers to the factors of production that exist in a materialistic form and would contribute in increasing the efficiency of economic operation conducted by the country.

 Even  though promoting physical training and improving food nutrition could be considered as an investment, they both do not directly involved in increasing the operation.

6 0
3 years ago
Read 2 more answers
Other questions:
  • If a country's GDP decreases, but its debt increases during that year, then the country's debt to GDP ratio for the year will __
    9·1 answer
  • cattle farmer expects to harvest 100K live cattle, there is a futures contract for delivery of 40k cattle. Explain how farmer ca
    8·1 answer
  • Tracy transfers property with a value of $60,000 and adjusted basis of $50,000 to form Riley Corp. solely in exchange for all 10
    15·1 answer
  • The classification and normal balance of the accounts payable account are a.revenue, credit balance b.asset, credit balance c.ow
    6·1 answer
  • A new public works project requires 20,000 hours of labor to complete. a. Suppose the labor market is perfectly competitive and
    14·1 answer
  • The minimum feasible​ long-run average cost for firms in a perfectly competitive industry is ​$48 per unit. If every firm in the
    8·1 answer
  • In the market for sushi, an increase in the price of fish along with an increase in the popularity of sushi among consumers will
    14·1 answer
  • Sunland Company, has 14700 shares of 4%, $100 par value, cumulative preferred stock and 60200 shares of $1 par value common stoc
    9·1 answer
  • Askew Enterprises produces a product with fixed costs of $200,000 and variable cost of $9 per unit. The company desires to earn
    5·1 answer
  • Internal performance measurements focused on the extent to which employees are using a crm system as intended are known as _____
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!