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Brums [2.3K]
3 years ago
11

Which of the following is true concerning federal budget deficits? I. The IRS spends more than it collects in taxes in a given y

ear. II. The Federal Government spends more than it collects in taxes in a given year. III. Unemployment is greater than taxes collected in a given year.
Business
1 answer:
ale4655 [162]3 years ago
7 0

Answer:

II. The Federal Government spends more than it collects in taxes in a given year.

Explanation:

A federal budget deficit is when government spending exceeds income from taxes.

I hope my answer helps you

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In a small, closed economy, national income (GDP) is $350.00 million for the current month. Individuals have spent $100.00 milli
sergij07 [2.7K]

Answer:

1. Investment spending is 175 million

2. National Saving is 175 million

3. Saving is the same as investment

Explanation:

Y = 350.00; C = 100.00; T = 60.00; G = 75.00

1. I = Y - C - G = 175.00

2. S = I = 175.00

3. Closed economy, national saving equals investment (no import export means no saving or debt with rest of world)

4 0
3 years ago
Dylan opened a credit card account with $600.00 of available credit. Now that he has made some purchases, Dylan's account only h
Gre4nikov [31]

Answer:

The credit card decrease percentage is 71%

Explanation:

To know the percentage of decrease of the card we will make a simple rule of three, which indicates the value we need.

We have that 100% of the card quota is 600, and we want to know how much the percentage decreases when the account has 426 available, we do the following;

100% ---> $600

X -----> $426

100 * 426 = x * 600

\frac{100 * 426}{600} = x

71% = X

that is, the decrease in the account when you have $426 available quota is 71%.

3 0
3 years ago
Suppose there is a fiscal contraction. Which of the following is a complete list of the variables that must decrease? A) consump
Neko [114]

Answer:

C) consumption and output

Explanation:

A fiscal contraction refers to decreasing a government's deficit. A government has a deficit when it spends more than the revenue it gets from taxes. Therefore if the government wants to reduce its deficit, it will decrease public expenditure and/or increase taxes. Any of those actions will also lead to a decrease in public consumption and total economic output.

5 0
3 years ago
Texas Instruments produces electronic chips used in a variety of devices, from cell phones to hand calculators. The specificatio
frez [133]

Answer:

Customer segmentation

Explanation:

Customer segmentation involves dividing customers into groups and segments.

8 0
4 years ago
Answer the question on the basis of the following data for the hypothetical nations of Alpha and Beta. Qs is domestic quantity s
bezimeni [28]

Question Completion:

Domestic Market for Steel, Alpha

Qs P Qd

60 5 10

40 4 20

30 3 30

20 2 40

10 1 50

Domestic Market for Steel, Beta

Qs P Qd

80 5 20

70 4 30

60 3 40

50 2 50

40 1 60

Answer:

Assuming that Alpha and Beta are the only two nations in the world, at the equilibrium world price:

Beta will export steel and Alpha will import steel.

Explanation:

a) Data and Calculations:

Domestic and World Market for Steel

Alpha                   Beta           World Market

Qs    P      Qd       Qs    P      Qd       Qs    P       Qd  

60    5        10       80    5       20      140    5       30

40    4       20       70    4       30       110     4       50

30    3       30       60    3       40       90     3       70

25   2.50  35       55    2.50  45       80    2.50  80

20   2       40       50    2       50        70    2       90

10   1       50        40    1        60       50     1       110

b) In the world market, equilibrium will occur at a price of $2.50, when the quantity supplied and demanded will be 80.  At this equilibrium price of $2.50, Alpha will supply 25 units, and Beta will supply 55 units.  Alpha will demand 35 units, and Beta will demand 45 units.  This implies that Beta will supply more than its demand for steel, while Alpha will supply less.  Therefore, Beta will export steel and Alpha will import steel.

4 0
3 years ago
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