Answer:
The correct answer is $250 billion.
Explanation:
An economy is operating at an output level of $4,000 billion.
The potential output level is $5,000 billion.
The marginal propensity to consume is 0.75.
The recessionary gap is
= $5,000 billion - $4,000 billion
= $1,000 billion
ΔY =
$1,000 =
$1,000 =
$1,000 =
ΔG =
The change in income required to correct this recessionary gap is $250 billion.
The answer would be True if it’s a true or false question
Answer: Amortization Expense; Patents
Explanation:
The entry to record the amortization of a patent would include a debit to the amortization expense and a credit to the patents.
The journal entry will be:
Debit Amortization expenses XX
Credit Patents XX
Therefore, the correct option is A.
I think the answer for your question you have to divide then you get 6,000