1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Mekhanik [1.2K]
3 years ago
9

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

Business
1 answer:
lyudmila [28]3 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.

You might be interested in
Orel's credit card has an APR of 12.15% and a grace period of 16 days, and Orel pays his balance in full every month. If his las
Aneli [31]
. yes, because he didnt pay within the grace period 
3 0
3 years ago
Read 2 more answers
Camden Corporations agreed to build a warehouse for a client at an agreed contract price of $ 900,000. Expected (and actual) cos
weqwewe [10]

Answer:

Key figures:

2016:

Revenue = $270,000

Expenses = $202,500

Income = $67,500

2017:

Revenue = $450,000

Expenses = $337,500

Income = $112,500

2018:

Revenue = $180,000

Expenses = $135,000

Income = $45,000

Explanation:

Under this method, percentage of work completed is determined using the following <u>formula:</u>

<em>Percentage of work completed = (Total Expenses incurred on the project till the close of the accounting period) ÷ (Total Estimated Cost of the Contract)</em>

Total estimated cost = $202,500 + $337,500 + $135,000 = $675,000

<u>2016:</u>

Percentage of work completed = ($202,500 ÷ $675,000)×100 = 30%

Expenses in 2016 = $202,500 (answer)

Revenue in 2016 = $900,000 × 30% = $270,000 (answer)

Income in 2016 = Revenue - Expenses

Income in 2016 = $270,000 - $202,500

Income in 2016 = $67,500 (answer)

<u>2017:</u>

Percentage of work completed = ($337,500 ÷ $675,000)×100 = 50%

Expenses in 2017 = $337,500 (answer)

Revenue in 2017 = $900,000 × 50% = $450,000 (answer)

Income in 2017 = Revenue - Expenses

Income in 2017 = $450,000 - $337,500

Income in 2017 = $112,500 (answer)

<u>2018:</u>

Percentage of work completed = ($135,000 ÷ $675,000)×100 = 20%

Expenses in 2018 = $135,000 (answer)

Revenue in 2018 = $900,000 × 20% = $180,000 (answer)

Income in 2018 = Revenue - Expenses

Income in 2018 = $180,000 - $135,000

Income in 2018 = $45,000 (answer)

4 0
3 years ago
Who is most likely to threaten the security of a business?
Alex73 [517]

Answer:

B

Explanation:

Outsiders who were once employees

Because they have the inside information. And if your up to any tricks, they'll know! And you'll basically be at their liberty.

4 0
2 years ago
In marketing children's products, it's extremely important to produce television commercials that hold the attention of the chil
Tju [1.3M]
<span>Description of this experiment: This type of experiment would be deemed as completely randomized, as the subjects are chosen at random to watch the commercial. The subjects are 15 children under 10 years old. The different factors in this experiment are the commercials, as well as the 3 levels of products (types). The response in this experiment would be the children's attention span.</span>
6 0
3 years ago
When evaluating a new project, firms should include in the projected cash flows all of the following EXCEPT:
saveliy_v [14]

Answer and Explanation:

b. Previous expenditures associated with a market test to determine the feasibility of the project, provided those costs have been expensed for tax purposes.

3 0
3 years ago
Other questions:
  • Pensacola Inc exchanged old equipment for new equipment in two exchange transactions. Each transaction has commercial substance
    15·1 answer
  • Other things the same, a country that increases its saving rate increases a. neither its future productivity nor future real GDP
    15·2 answers
  • Our tax laws encourage taxpayers to ____ assets that have appreciated in value and ____ assets that have declined in value.a. se
    12·1 answer
  • "The potentially valid arguments for tariff protection are also the most easily abused. " What are those arguments? Why are they
    5·1 answer
  • Your portfolio has a beta of 1.75. The portfolio consists of 17 percent U.S. Treasury bills, 31 percent Stock A, and 52 percent
    6·2 answers
  • interview any business owner on how he/she ensures that the following elements of Total Quality Management (TQM)positively impac
    14·1 answer
  • Assume that a profit-maximizing firm which competes in a purely competitive product industry has only two factor inputs, labor a
    10·1 answer
  • Can somebody please answer my question! <br><br> https://brainly.com/question/25800995
    12·2 answers
  • Accounting and financial reporting for state and local governments use, in different places, either the economic resources measu
    11·1 answer
  • experiences are associated with Select one: a. sport insurance b. sport risk management c. financial management d. marketing man
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!