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DanielleElmas [232]
3 years ago
5

Deadweight loss is the a. decline in government revenue when taxes are reduced in a market. b. decline in consumer surplus when

a tax is placed on buyers. c. loss of profits to business firms when a tax is imposed. d. decline in total surplus that results from a tax.
Business
2 answers:
MA_775_DIABLO [31]3 years ago
8 0

Answer:

Decline in total surplus that results from a tax.

Explanation:

Deadweight loss can be defined as the loss of total welfare which could be as a result taxation. Taxes create deadweight by stopping potential buyers from purchasing a product due to a high price.

Taxes can lead to a decline in the value of transactions that occur between both the buyers and sellers.

Deadweight loss takes place when there is no balance between supply and demand, this may eventually lead to disorganization of the market.

Marat540 [252]3 years ago
3 0

Answer:

D, decline in total surplus that results from a tax.

Explanation:

Dead-weight loss is also known as excess burden. It is a situation where in there is a loss of economic sufficiency as a result of tax.

This economic sufficiency is when the supply of goods and services aren't met. That is, there is no market equilibrium between demand and supply. Taxes, subsidies, price rise or fall can be the reason for dead-weight loss as it causes the imbalance of demand and supply of goods or services to the consumers through price manipulations.

To calculate dead-weight loss, change in price as well as change in quantity demanded are important factors to consider.

Cheers.

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Answer:

lower per capita real gross domestic product (GDP) growth rates allow for less spending on automobiles.

Explanation:

Gross Domestic Products (GDP) is a measure of the total market value of all finished goods and services made within a country during a specific period.

Simply stated, GDP is a measure of the total income of all individuals in an economy and the total expenses incurred on the economy's output of goods and services in a particular country.

Generally, the Gross Domestic Products (GDP) of a country's economy gives an insight to the social well-being of the country, such as;

Adjusting the Real gross domestic product (Real GDP) for price level changes by using a price index. This simply means, Real GDP is adjusted for inflation to measure the value of goods and services produced by a country in a specific period of time.

Mathematically, {Real GDP}=\frac{\text{Nominal GDP}}{\text{GDP deflator}}

Hence, residents of poor countries tend to have fewer automobiles per capita because lower per capita real gross domestic product (GDP) growth rates allow for less spending on automobiles.

4 0
3 years ago
Olivia is really good at working with computers and has been helping at her mom's company by setting up and maintaining the empl
damaskus [11]

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Since Olivia is able to set up her mother's computer network in her business, she can look into Information Support and Services because it covers the field for that

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Describe external resources useful to entrepreneurs during concept development
marin [14]
The external research that would be useful would be research.
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4 0
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A contingent liability is an obligation that should be: Question 2 options: A) Recorded in the accounts and classified in a cont
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Answer:

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This is the best answer to the question

6 0
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which of the following is true about product life cycles? group of answer choices a reminder promotion is normally used in the i
bulgar [2K]

Based on business strategies and production, the statement that is true about product life cycles is "Early adopters buy in the introductory phase."

<h3>What is the Life Cycle of a Product</h3>

The life cycle of a product is a term that is used to describe the proportion of time a product goes from being introduced into the market by the producers until it's taken off the shelve.

Usually, the product life cycle is in different stages, and each of the stages is important to the success of the products in the market.

<h3>The Life cycle of a product is the following:</h3>
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Generally, the in the introduction stage of a product's life the early adopters are the first category of consumers that try new products before most other consumers key into it.

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Learn more about the Product Life cycle here: brainly.com/question/7510515

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