The major factor that contributes to the decline of occupations in industries such as textile and clothing is due to the change of technology. Through the technological advancement, innovators are able to machines that work twice as fast as human beings.
Answer:
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Explanation:
Answer:
a. The mount of income tax expense does Walmart report in its income statement for 2015 was $8,074
b. The amount of Walmart's income tax expense that was determined from the company's tax returns is $8,615
c. Deferred taxes decreased Walmart's income tax provision for the year
Explanation:
a. In order to calculate what amount of income tax expenses does Walmart report in its income statement for 2015, we would have to use the following formula:
Income tax expenses= Current year income taxes + Deferred tax expense
Income tax expenses=$8,615-$541
Income tax expenses=$8,074
b. The amount of Walmart's income tax expense that was determined from the company's tax returns is $8,615. This are the Total current tax provision.
c. Deferred taxes decreased Walmart's income tax provision for the year becuase the Deferred taxes are benefit.
Answer:
c. the GDP deflator and the consumer price index.
Explanation:
Two alternative measures of the overall level of prices are the GDP deflator and the consumer price index.
The GDP deflator can be defined as a measure of the changes in prices for all of the finished goods and services produced domestically in an economy in a particular period of time, usually a year. This simply means that, the gross domestic product deflator measures the inflation in an economy.
Consumer price index (CPI) can be defined as a measure of the aggregate or average changes in price level of a weighted market basket of finished goods and services that consumers purchased over a specific period of time. The CPI is also a measure of the inflation in an economy over a specific period of time.
When the current output is more than the potential output the fed is likely to enact decreasing reserves to increase interest rates.
The reason why they would have to do this is based on the fact that when the actual output in the economy is more than the potential output, It means that there is an inflationary gap.
In order to close this gap, the fed would have to reduce the aggregate demand, thereby raising the rate of interest. This would in turn lead to the fall in consumption and fall in saving.
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