Answer: c). a decrease in the government's budget surplus or an increase in its budget deficit.
Explanation: Budget surplus refers to the excess of government revenue from taxes and other sources over its expenditure. While, budget deficit refers to the excess of government expenditures over its revenue.
BS= T>G
BD= G>T
A decrease in the government's budget surplus or an increase in its budget deficit leads to an increase in the interest rate in the economy. Thus the correct option is c.
Answer:
0.75
4
Explanation:
Marginal propensity to consume is the proportion of income that is consumed.
It is assumed that deposable income is either saved or spent.
So if 25% of income is saved, (100% - 25%) 75% is spent.
Spending multiplier = 1 / marginal propensity to save = 1 / 0.25 = 4
Answer: a. $680,000
Explanation:
Gross profit to be recognized from entire project;
= Value of building - cost
= 22,800,000 - 20,800,000
= $2,000,000
In 2021, a cost of $7,072,000 was incurred out of the total cost of $20,800,000.
Percentage complete is therefore;
= 7,072,000/20,800,000
= 34%
The gross profit recognized is therefore;
= 34% * Total gross profit
= 34% * 2,000,000
= $680,000
Answer:
$13,496.93
Explanation:
At the end of 2017, plan had a balance of 220,000
Life expectancy factor at the age of 71 is <u>16.3</u> as per single life Expectancy table
So, Distribution amount = $220,000 / 16.3
= 13496.93251533742
= $13,496.93
So, the amount Mark must take as a distribution from the pension plan no later than April 1, 2018 is $13,496.93
1750-1800 are the dates commonly assigned to the Classical period.