An economic expansion tends to cause the federal budget deficit to decrease because tax revenues rise and government spending on transfer payments falls.
What is economic expansion?
Economic expansion occurs when real GDP raises from a trough to a peak within two or more subsequent quarters. The expansion occurs during times of economic stimulation when there is a rise in employment, followed by consumer confidence and discretionary spending. The stage is additionally referred to as economic recovery. When expansion reaches its pinnacle, a peak happens. With a large sum of demand for goods, inflation occurs when costs begin to increase. Gradually, consumers begin to buy less. After reaching the peak, economic growth starts to decrease. While the phrases inflation and deflation refer to rising and falling prices of commodities, goods, and services relative to the value of money, economic contraction and expansion refer to the overall output of all goods and services.
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Answer:
Stockholders' equity at the end of the year was $110,000.
Explanation:
Beginning Balance of Stockholder's Equity = $40,000
Net Income for the year = $90,000
Dividend declared in the year = $20,000
Ending Balance of Stockholder's Equity = Beginning Balance of Stockholder's Equity + Net Income for the year -Dividend declared in the year
Ending Balance of Stockholder's Equity = $40,000 + $90,000 - $20,000
Ending Balance of Stockholder's Equity = $110,000
A flat screen TV
The other options all <em>create value</em>, while a TV does not.
Answer:
Emergency
Explanation:
Emergency products are those that are needed urgently or in the case of an emergency usually with no planning. They are characterised by instant purchase and are easy to find.
Normally consumers plan before buying but in this case the need comes suddenly so consumer does not plan, the products are basically the same. Timing is critical in this type of purchase.
Answer:
Amount borrow P = $15,026.296
Explanation:
Given:
Amount pay A = $20,000
Number of year n = 3
Rate r = 10% = 0.10
Find:
Amount borrow P
Computation:
A = P[1+r]ⁿ
20,000 = P[1+r]³
20,000 = P[1+0.10]³
20,000 = P[1.10]³
20,000 = P[1.331]
Amount borrow P = $15,026.296
