When an economy has an increase in autonomous expenditure will results in a inflationary output gap.
<h3>What is Autonomous expenditure?</h3>
Autonomous expenditure refers to expenses that is incurred by a country.
It consist countries economy expenditure without the income.
Therefore, an economy starting at full employment real GDP, with an increase in autonomous expenditure results in decrease in autonomous expenditure results in a inflationary output gap.
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Answer:
b. $17600
Explanation:
The computation of the amount of depreciation expense for the year 2022 is shown below:
But before that first we have to find out the per hour rate which is
Units-of-production method:
= (Original cost - residual value) ÷ (estimated production)
= ($216,000 - $40,000) ÷ (55,000 hours)
= ($176,000) ÷ (55,000 hours)
= $3.2 per hour
Now for the 2022 year, it would be
= Machine runs in 2022 year × depreciation per hour
= 5,500 hours × $3.2
= $17,600
Answer:
B) General Fund and Library Fund
Explanation:
Major funds are those that include revenues, assets, expenditures and liabilities that account for at least 10% of all the government funds.
In this case the total government funds = $26,300,000
so 10% of total funds = $26,300,000 x 10% = $2,630,000
only the general fund ($18,400,000 ≥ $2,630,000) and the library fund (2,900,000 ≥ $2,630,000) are higher than the 10% threshold.
Answer:
Example of not a natural experiment an economist might use to evaluate a theory is:
C. Here the Students in a microeconomics principles course are advised to play a game with their classmates to determine and evaluate what all decisions they make under certain adjusted circumstances.
Explanation:
Natural experiment : A natural experiment is referred to an observational and also an empirical study in which we get to study about the experimental and controllable varieties of variables. which can not het manipulated anywhere by the researchers.
Instead these experiments are allowed to affect the environment and the nature or the different factors which are not under control of our researchers. In contrast to the experimental values and all the natural experiments are even not controlled by the researchers but instead they also admire and obseve those experiments for their own studies.
So, the right option is:
C. Here the Students in a microeconomics principles course are advised to play a game with their classmates to determine and evaluate what all decisions they make under certain adjusted circumstances.
