What is an asset? A. A source of revenue B. An item you want to purchase with a credit card C. A source of funding D. Something
2 answers:
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Answer:
The Coronavirus pandemic took the world by surprise and most people were not ready for the far reaching quarantine measures that were put in place. These measures along with the general fear of the disease meant that Consumers were demanding less of goods and services which had the effect of shifting the Short Run Demand curve to the left.
The world also saw travel restrictions put in place which were a serious blow to international commerce because suppliers found it hard to source goods. This reduced the supply of goods and services which also meant that the Short Run Aggregate Supply Curve shifted to the left as well.
The New Equilibrium led to a way lower output at Y¹ which is shows why GDP growth fell into negative.
As a result of decreased output and quarantine measures, companies could not afford to keep their employees and had to let go of a lot of them. This is why the Unemployment rate went up as well.
Answer:
effective tax rate = 13.54
Explanation:
given data
total income = $83,000
taxable income = $62,000
tax liability = $11,239
to find out
effective tax rate
solution
we get here effective tax rate that is express as
effective tax rate = .................1
put here value and we get
effective tax rate =
effective tax rate = 13.54