Answer:
$189,000
Explanation:
The computation of total expense with regards to this payroll is shown below:-
Total expense = Salaries and wages earned by employees + Employer's portion of FICA taxes
= $180,000 + $9,000
= $189,000
Therefore for computing the total expenses with regards to this payroll we simply applied the above formula and we ignore all other values as they are not relevant.
Answer:
The answer is : People consume the goods they produce
Explanation:
Say's law could also be refereed to as Say's law of markets in Classical economics states that supply itself creates its own demand which is equivalent to people consuming what they produce.
Answer:
B. is equal to the total of frictional and structural unemployment.
Explanation:
The natural rate of unemployment is the sum of frictional and structural unemployment at any given time. Economists estimate that for the United States this rate is around 3.5%.
Unemployment has a natural rate because no matter how good the economy is doing, some people either do not want to work, are in between jobs (frictional unemployemt), or lack the skills necessary to get employed and need to undergo training (structural unemployment).
Answer:
The correct option is A,government spending and taxes that automatically increase or decrease along with the business cycle.
Explanation:
From a U.S perspective, automatic stabilizers are measures built into the country budgets that adjust the taxes to government's coffers and government expenditure when the economy goes into recess.
These measures are not usually approved by the Congress.
If one takes a careful look at the question, one would notice that the question talks about fiscal policy measures, which are government spending and taxes,invariably, option B is wrong because money supply belongs to monetary policy.
Option C is also wrong because taxes is not the only fiscal policy available.
Option D is wrong budget is a fiscal policy tool not a measure.
Answer:
Please see explanation.
Explanation:
a) Jake can determine computer price > vacation price:
Unit of Account
(Money being the standardized unit to measure price of 2 goods)
(b) Jake has $1574 in checking account
Store of Value
(Money is "Stored" in his bank account which can be used later for any purpose)
(c) Jake writes check for $1299
Medium of exchange
(Money is used to be exchanged with the computer)
