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3 years ago

If the federal government spends more than it collects in revenue, then

Social Studies

2 answers:

Viefleur [7K]3 years ago

8 0

Answer:

It’s running a deflict

Explanation:

pychu [463]3 years ago

4 0

The government could be running a deficit more when it spends more than the amount it collects from tax revenue. It is the opposite of a budget surplus wherein the national debt of the government would continue to increase unless there would be a balance in their spending with respect to the tax revenue collected.

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The Delbouef illusion explains what observation:_________.

slamgirl [31]

The correct answer is letter C

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3 years ago

You work for a lender that requires a 20% down payment and uses the standard debt-to-income ratio to determine

ratelena [41]

According to the standard debt-to-income ratio, the person who would be rated as highest in respect of eligibility for a home loan is person C.

A home loan is an amount that has been lent for the acquisition or purchase of any house. or apartment for living.

Given values:

Persons Monthly Incomes Recurring debts

Person A $4,250 ($51,000 / 12) $350

Person B $4,833 ($58,000 / 12) $250

Person C $5,250 ($63,000 / 12) $200

Person D $5,583 ($67,000 / 12) $450

Step-1 Computation of debt-to-income ratio of person A:

$\rm\ Debt \rm\ to \rm\ Income \rm\ ratio=\frac{\rm\ Recurring \rm\ debt}{\rm\ Income}\\ \rm\ Debt \rm\ to \rm\ Income \rm\ ratio=\frac{\$350}{\$4,250}\\\rm\ Debt \rm\ to \rm\ Income \rm\ ratio=8.23\%$

Step-2 Computation of debt-to-income ratio of person B:

$\rm\ Debt \rm\ to \rm\ Income \rm\ ratio=\frac{\rm\ Recurring \rm\ debt}{\rm\ Income}\\ \rm\ Debt \rm\ to \rm\ Income \rm\ ratio=\frac{\$250}{\$4,833}\\\rm\ Debt \rm\ to \rm\ Income \rm\ ratio=5.18\%$

Step-3 Computation of debt-to-income ratio of person C:

$\rm\ Debt \rm\ to \rm\ Income \rm\ ratio=\frac{\rm\ Recurring \rm\ debt}{\rm\ Income}\\ \rm\ Debt \rm\ to \rm\ Income \rm\ ratio=\frac{\$200}{\$5,250}\\\rm\ Debt \rm\ to \rm\ Income \rm\ ratio=3.80\%$

Step-4 Computation of debt-to-income ratio of person D:

$\rm\ Debt \rm\ to \rm\ Income \rm\ ratio=\frac{\rm\ Recurring \rm\ debt}{\rm\ Income}\\ \rm\ Debt \rm\ to \rm\ Income \rm\ ratio=\frac{\$450}{\$5,583}\\\rm\ Debt \rm\ to \rm\ Income \rm\ ratio=8.06\%$

Therefore, after finding debt to income ratios of all persons, the lowest ratio comes out to be of Person C at 3.80% which ranked to be the highest.

Learn more about the debt ratio in the related link:

brainly.com/question/14553933

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8 0

2 years ago

Read 2 more answers

When a citizen goes to vote in a country ruled by a Totalitarian government, they are most likely to find -

34kurt

The anwser is A
Yea

3 0

3 years ago

What was the first type of Brazilian government after independence?

Vilka [71]

Answer:

dictatorship i think. don't quote me on that tho.

Explanation:

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3 years ago

There are 500 people who will each pay $8 for a ticket to see a new superhero movie. Each

Masja [62]

Answer:The answer is 500 tickets

Explanation:

They try to trick you by telling you the limit of people the theater can hold and the cost of the tickets, if discussing just the amount of tickets and not how they cost you would simply just see how many people want tickets and how many tickets each person buys which in this case is only 1 per person.

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3 years ago