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4 years ago

A fall in real GDP that results in a decrease in personal income tax receipts is an example of ______.

Business

1 answer:

lyudmila [28]4 years ago

5 0

Answer:

c. automatic fiscal policy

Explanation:

Automatic fiscal policy are policies triggered automatically due to the state of the economy which causes either government spending or taxes to increase or decrease.

For example, if the economy is undergoing a downturn and real GDP falls, the amount paid as taxes would fall.

If the economy is booming and the real GDP rises, the amount paid as taxes would rise.

These are examples of automatic fiscal policies.

Discretionary fiscal policy is when the government purposely increases or reduces either its spending or taxes in response to the economic conditions.

I hope my answer helps you.

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Kurt simmons has 50/100/15 auto insurance coverage. one evening he lost control of his vehicle, hitting a parked car and damagin

IrinaK [193]

Damage to the parked car is $5,400. Damage to the store is $12,650. Total damage is calculated as follows :
Total damage = damage to the car + damage to the store Substitute the values in the formula :
Total damage = $5,400 + $12,650 = $18,050. Total damage is $18,050.
The insurance company will cover a maximum of $15,000. The remaining amount of the damage has to be paid by Kurt. The remaining amount is calculated as :
Amount paid by Kurt = Total damage – amount paid by insurance company
Substitute the values in the formula :
Amount paid by Kurt = $18,050 - $15,000 = $3,050
Therefore, he will have to pay the remaining $3,050

7 0

4 years ago

Which of these could be an option after high school for a person who wants to further his education but doesn’t want to take out

Delvig [45]

Answer:

b)military

Explanation:

idek

4 0

3 years ago

Balance sheet accounts Group of answer choices 1. are called real accounts 2. have zero balances after the closing entries have

tatiyna

Answer:

1. are called real accounts

Explanation:

Balance sheet accounts are the real account and these accounts do not close and balances of these accounts accumulated and carried forward to next accounting period. These balance represents the net accumulated values of all the past years. These accounts are also affected by the all the adjustments. Every transaction ultimately effect any of the balance sheet account.

7 0

4 years ago

Consumers are buying _______________ goods when they switch between brands of convenience goods out of boredom or the desire to

suter [353]

Answer:

Variety-seeking.

Explanation:

Consumers are buying variety-seeking goods when they switch between brands of convenience goods out of boredom or the desire to change. Purchases may have been pre-planned in that consumers "knew" they were going to purchase a specific product or brand but changed their minds in-store, deciding to try something different. Variety-seeking behavior is depicted by the consumers when they have very low involvement with in the buying process and there are significant differences are also present among brands. Consumers do lot of brand switching here. Consumers switch brands only for the sake of trying something new rather than dissatisfaction with the brand.

7 0

3 years ago

Billy's is currently an all equity firm that has 115000 shares of stock outstanding at a market price of $36.22 a share. The fir

Len [333]

Answer:

So, Break-even EBIT is $265,643.45

Explanation:

Let Break-even EBIT be $x

Number of shares outstanding = 150,000

Current Price of share = $39.36

EPS = EBIT / Number of shares outstanding

EPS = $x / 150,000

Levered Plan:

Value of Debt = $100,000

Interest Rate = 9.6%

Interest Expense = 9.6% *$100,000 = $9600

Number of shares repurchased = $100,000 / $39.36

Number of shares repurchased = $2,541

Number of shares outstanding = 150,000 - 2,541

Number of shares outstanding = 147,459

EPS = (EBIT - Interest Expense) / Number of shares outstanding

EPS = ($x - $9600) / 147,459

EPS under All equity plan = EPS under levered plan

$x / 150,000 = ($x - $9600) / 147,459

147,459 * $x = 150,000 * $x - $675,000,000

$675,000,000 = 2,541 * $x

$x = $265,643.45

So, Break-even EBIT is $265,643.45

3 0

4 years ago

A fall in real GDP that results in a decrease in personal income tax receipts is an example of​ ______.

A fall in real GDP that results in a decrease in personal income tax receipts is an example of ______.