Based on the Hockey Stick of Human Prosperity, two changes to economies include:
- Reduction in child mortality.
- Increase in life expectancy.
<h3>What is the Hockey Stick of Human Prosperity?</h3>
- Refers to the fact that since the industrial age, humans have become richer and more prosperous.
- This is in contrast to the time before the industrial age where most people were poor and suffered from diseases.
As a result of the rise in human prosperity, there is less child mortality than before, and people can now live to be significantly older than they used to in the past.
In conclusion, humans are more prosperous now.
Find out more about the Industrial Age at brainly.com/question/13323062.
Answer:
i dont know if it is right but i think it is D
Explanation:
The MARGINAL tax rate is the percentage of additional earnings that goes to taxes.
Marginal tax rate stands for the amount of tax paid on any additional income. It is based on progressive tax system that increases with the increase of an individual's income. Thus, it varis with the income of an individual.
Entry to close the income summary account at the end of the year:
At the time of closing the Income Summary account, the Income Summary account is debited and Retained earnings account is credit with the amount of Net Income. Net Income can be calculated as follows:
Net income = Revenue – Expenses = 201,000-111,700 = $89,300
Hence the entry to close the income summary account at the end of the year shall be as follows;
Income Summary Debit $89,300
Retained earnings Credit $89,300
