When a government's expenditures on goods, services, or transfer payments exceed their tax revenue, the government has run a budget deficit. Governments borrow money to pay for budget deficits.
<h3>What is budget deficit ?</h3>
An overrun in spending over income results in a budget deficit, which can be a sign of a nation's financial stability. The phrase is frequently used to describe government spending rather than that of companies or people.
An annual financial statement of the government's proposed revenues and expenditures is known as a budget. The overall gap between government revenues and expenditures is known as the government budget balance, also known as the general government balance, public budget balance, or public fiscal balance.
A government budget deficit is denoted by a negative balance, and a surplus is denoted by a positive balance. For each level of government, a budget is created that accounts for public social security commitments.
The primary balance and interest payments on the total amount of accumulated government debt make up the government budget balance; the two together determine the budget balance.
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Answer:
You need to have in mind that you are looking at the present value because the lump sum is worth $50,000 today. You need to compare the present for 10 years of your life would be worth today.
So:
FV=0
N=10 X 12=120
PMT= 641
I=6.5% / 12= 0.5417%
Solve for PV= $56,451.91 (is larger than $50,000)
That statement is False
Everyone should separate their work problems and personal conflict and try their best not to let one affect the other
Often time, personal conflict ( such as a dispute with a co-worker) will cloud one's judgement and make him/here not making the best and rational work decision
Answer:
B. loyalty program.
Explanation:
Loyalty program: It is a marketing strategy used by the retailer to retain customers and encourage the customer to make more purchases, this program also helps in attracting new customers. Benefits in this program are the rewards to loyal customers. There are different types of customer loyalty programs been launched by different companies. There are points been distributed to customers for every purchase they make and they can redeem those points on their next purchase. It is important in a loyalty program to keep rules simple for points redemption for the customer.
In the given case, Spring supermarket is giving customer VIC cards, which is helpful in getting discounts, points for each purchase and information to the loyal customer. Therefore, the supermarket is using the loyalty program.
