1. Ibelieve the answer is spending that helps a large group. Approximately 30% of the federal government is in discretionary spending, which is an option part of fiscal policy in contrast to entitlement programs for which funding is mandatory and determined by the number of eligible recipients. Examples of areas funded by discretionary measures include, national defense, foreign aid, education and transportation.
2. I think the answer is a tax deferred retirement plan offered by employees. A 401(k) is a retirement savings plan sponsored by an employer. It lets workers save and invest a piece of their paycheck before taxes are taken out. Taxes aren't paid until the money is withdrawn from the account.
3. I think the answer is that it has resulted in significant cuts to social security and medicare. The national debt of the united states is the net accumulation of the federal government's annual budget deficits: it is the total amount of money that the U.S federal government owes to its creditors.
4. I believe the answer is that it reduces the incentive to work hard and take risks to succeed. Ability to pay taxation is a progress taxation principle that maintains that taxes should be levied according to tax payers ability to pay. This progressive taxation approach places an increased tax burden on individuals, partnerships, companies, corporations, trusts and certain estates with higher incomes.
5. I believe the answer is in order to protect its value. In order to maintain its value, money must have a limited supply. This means that restrictions on the amount of money in circulation ensure that values remain relatively constant for the currency.
6. I think the correct answer is that raising taxes will decrease aggregate demand. This is because an increase in taxation would cause a decrease in consumers spending because workers and employees are poor off. Since the consumer spending is a component of of aggregate demand, then the decrease in consumer spending will cause a decrease in aggregate demand leading to lower economic growth.
7. I believe the correct answer is that transfer payment do not result into purchase of a good by the federal government. Transfer payments is a one way payment to an individual for which no money, good or service is given or exchanged. They are made to individuals by the federal government through various social benefit programs (welfare programs such as social security, old age or disability pensions, students grants etc.)
8. I believe the answer is that the Public universities have lower tuition rates than do private universities. This is because the government spending on education by provision of student loans, subsidies and scholarship to students would prompt public schools to charge less amount of tuition fee as they are receiving funds from the government.
9. I believe that many states rely on sales taxes to generate revenues. The sales taxes includes both general sales and selective sales taxes. States have no direct personal ta and do not collect a sales tax at the state level, although it allows the local government to collect their own sales taxes.
10. I believe the answer is that it is difficult to divide it into small units, unlike money which can be divide into different small units. Gold may be used as a good measure or store of cash with benefits such as unlike cash its interest rates remain low, having long term stability and also not being a flat currency, however gold can be divided into small portions like cash.
11. The correct answer is that this is a system people can use to have their bills paid each month from their bank account. An automatic bill payment is a money transfer scheduled on a predetermined date to pay a recruiting bill. It is important to note that these are routine payments made from a banking account, brokerage or mutual fund account to vendors.
12. I believe the concern is because if he moves to another tax bracket, she will pay a higher percentage for a portion of her taxes. Normally taxes levied on an income of an individual increases with the amount of income earned. highly paid individuals pay higher taxes as income taxes is proportional to the amount of income earned
13. I believe the answer is that it can slow growth by decreasing consumer confidence. In the short run the economy and voters benefit from deficit spending. it drives economic growth. However over the long term, as the debt-to-GDP ratio increases, debt holders could demand larger interests payments. There would be increased interest rate by the treasury which would slow the economy.
14. i think the answer is the financial intermediaries enables people to save or store money in a safe place. Financial intermediaries are entities that act as middlemen between two parties in a financial or business transaction. They include commercial banks, building societies, investments banks, mutual funds among others. They holds funds from lenders and then make loans to borrowers.
Both microeconomics and macroeconomics involve examining economic behavior, but they differ in terms of the scale of the subjects being studied.
Explanation:
Microeconomics is the field of economics that looks at the economic behaviors of individuals, households, and companies. Macroeconomics takes a wider view and looks at the economies on a much larger scale—regional, national, continental, or even global. Microeconomics and macroeconomics are both vast areas of study in their own rights.
GDP is used to measure the Economic welfare or standard of living in the people when it is measured per capital terms. The short coming with GDP is that it does not show the true economic welfare or standard living of people in the society as GDP is calculated as whole for whole population prevalipre in the country which includes all level of income people. In any country there will be rich , poor and middle class.
Using GDP for finding social welfare it tells whether the country standard of living is increasing or not but it will not tell specially abpab poor and middle class. Any country standard of living goes up only if the poverty in the country eradicate. Thus GDP have a short coming of not finding the true social welfare or standard of living which is in the society.
There is nothing we can do to find the exact condition of society but government can implement policies to provide a better living for people who are in poverty.
Some management strategies to promote motivation and communication are encouraging group work and having effective communicationchannels.
<h3>Why are motivation and communication important?</h3>
These two elements make sure employees give the best of themselves and can report/solveproblems efficiently.
<h3>How to promote these elements?</h3>
Some strategies that can be used are:
Group work: If employees work together in projects they are more likely to communicate; also, this increases motivation as work is shared.
Communication channels: This makes employees they can easily and effective communicate with subordinates, colleagues and superiors in different situations.
