The correct option is (A) Budget deficit.
A budget deficit is created each time the federal government spends more than it collects in taxes in a given year.
<h3>
What is budget deficit?</h3>
- A budget deficit is created when expenditure exceeds income, therefore it can be a positive indicator for a country's finances.
- The government often refers to spending as a "budget deficit" rather than income from businesses or individuals. Accumulated deficits are the basis of the national debt.
- The two main causes of budget deficits are excessive government expenditure and a lack of sufficient revenue.
- Tax reductions can result in a reduction in tax revenue, which can cause a budget deficit, or they might raise government expenditure above and above what it already receives in tax revenue.
- Consider a simple example where the government earns $10 billion in revenue one year but spends $12 billion, resulting in a $2 billion deficit.
Learn more about the budget deficit with the help of the given link:
brainly.com/question/10876388
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1. What is the variable overhead spending variance? (HINT: The answer $980 unfavorable, but I need work to support this)
2. What is the variable overhead efficiency variance? (HINT: The answer is $4,040 unfavorable, but I need work to support this)
<span>examine the person or organization responsible for the site.</span>
Answer:
This question is incomplete, the options are missing and the word "and" between the gaps is wrong and should not be there.
The options are the following:
a) Marginal revenue
b) Average revenue
c) Variable cost
d) Fixed cost
And the correct answer is the option A: Marginal revenue.
Explanation:
To begin with, in the microeconomics theory the marginal analysis is very well known for being one of the reasons why the price is determined in the markets under the laws of economic sciences. Moreover, this marginal analysis focus on the interaction between all the curves that represents the costs and revenues that are related to the consumer of a good or service in a particular market. In the graphic, the point where the marginal cost curve equals the marginal revenue curve is where the profit maximizing quantity demanded and the price are the same and therefore those are the equilibrium numbers.
