Answer:
B. Able to bake delicious pies
Explanation:
All the other choices are stuff that you are born with but making a pie is a learned skill. You don't just come out of the womb cooking delicious pie!
Very true. At the rate we are spending, it will be whatever number comes after trillion.
Answer:
a. The government can absorb some of the surplus, but also creates a social loss since some of the wealth creating transactions are discouraged.
Explanation:
When a government applies tax levied to all products irrespective not the parties that are being taxed, the poor will be taxed the same way rich people are taxed. This will result in financial hardships for the portion of the population that do not have much resources. It will result in more revenue for the government.
The adverse effect of this is that the lower class will be discouraged from performing transactions that are viewed to be too expensive.
The upper class though will have no problem with this as they can easily bear the tax.
A good strategy will be to implement differential taxing where economic level of the parties performing the transaction is considered.
The increase in real GDP when government spending increases is $16 billion.
<h3>What is the increase in real GDP?</h3>
Real GDP is GDP calculated using base year prices. Real GDP has been adjusted for inflation.
Increase in Real GDP = multiplier x increase in government spending
$5 billioin x 3.2 = 16 billion
To learn more about GDP, please check: brainly.com/question/15225458
Answer:
actually I am very sorry I didn't learn this I don't take business
Explanation:
Sorry would there be anything else I can help u with
