Answer:
No economic activity can happen without all three of them. However, different factors will be more or less important to different economic activities. For example, if one is engaged in subsistence farming, land is more important than the other factors. Labor and capital are important, but land is irreplaceable
Answer:
Kuznets Ratio = 2.62
Explanation:
Kuznet Ratio = <u>% share of income received by richest 20% </u>
% share of income received by poorest 40%
Given : The lowest 40% receives 17.3% of national income and the highest 20% receives 45.3%.
So, Kuznets Ratio = 45.3 / 17.3
= 2.62
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Tax Cuts and Jobs Act is an example of Expansionary fiscal policy because it is a policy of tax cuts and increased government spending on various projects.
Basically, the Tax Cuts & Jobs Act which was enacted under President Donald Trump changed the rate of deductions, depreciation, tax credits and things that affect businesses owners.
- The Tax Cuts & Jobs Act also provide that a tax credit to provided to employers that paid family and medical leave to its employees
Therefore, the Option B is correct because the Expansionary fiscal policy includes policy of tax cuts and increased government spending on various projects.
Read more about Expansionary fiscal policy
<em>brainly.com/question/546292</em>
Answer:Hello! i am figuring this question out for you! one moment
Explanation: