Answer:
some obligations payable at some date beyond the operating cycle.
Explanation:
Liabilities refer to money that a business owes to other entities. They are debts a firm acquires in its normal business operations. Liabilities are categorized as either long-term or short-term.
Long term liabilities are obligations that are not due for repayment in the current financial year. They are debts that the company is expected to pay in future financial periods. Long-term liabilities due dates are after one year and beyond. Short-term liabilities contrast long-term liabilities because the due date for the former is in the current financial year.
In a condition where MPC is 0.5, a simultaneous increase in both taxes and government spending of $20 will increase GDP by $20. Therefore, the option C holds true.
<h3>What is the significance of GDP?</h3>
GDP of an economy is classified as a total of all the consumer goods and services produced in an economy during a given financial period, usually a year.
An increase in the taxes and government spending in an economy will lead to an increase in the GDP by the same rate. However, the proportion of change depends upon the MPC of an economy.
Therefore, the option C holds true and states regarding the significance of GDP.
Learn more about GDP here:
brainly.com/question/2293060
#SPJ4
The question seems to be incomplete. It has been added below for better reference.
If MPC = 0.5, a simultaneous increase in both taxes and government spending of $20 will _____.
A. decrease GDP by $20.
B. decrease GDP by $40.
C. increase GDP by $20.
D. increase GDP by $40.
Answer: After price ceiling is implemented a shortage supply exists if the price ceiling is below the market price
Explanation:
price ceiling is wen the government imposes the maximum price that should be charged for a good or service. The effects of price ceiling depends on whether government sets the maximum price that should be charged for a good or service below or above the market price,
if the government sets the price above the market price, price ceiling will not affect the market, however if the the government sets the price below the market price price ceiling will cause changes in the quantity demanded and quantity supplied.
Please refer to the attachment, in the attachment we see a market that is in Equilibrium and operating efficiently at price P' and Quantity demanded and supply is Q'. when government sets price ceiling below the market price (below P') the quantity demanded will increase to Qdem while quantity supplied decreases to Qsup. This will cause a shortage in the market because quantity demanded is higher than quantity supplied thus creating a Dead weight loss labelled by " DWL "
Answer:
$525
Explanation:
Calculation for The equivalent value today
Equivalent value=$500 × (1+.05)
Equivalent value=$500 × (1.05)
Equivalent value= $525
Therefore The equivalent value today is closest to:$525
