Answer:
a) -4
b) -12 billion
Explanation:
Question 1) Calculate the Tax Multiplier
FIrst, we know that the Marginal Propensity to Consume = 0.8
Based on this, the formula is as follows:
Multipier = -Marginal Propensity to Consume/ (1-Marginal Propensity to Consume)
Multiplier = -0.8/ (1-0.8) = -0.8/ 0.2 = -4
The Tax Multiplier = -4
Question 2) The resulting change in the equilibrium quantity of real GDP demanded
Change in Demand = Change in Tax x The Tax Multiplier
Change in Demand = $3 billion x -4
= -12
This means that the equilibrium quantity of the real GDP is -12 billion
Answer:
HUD sales contract
Explanation:
An HUD sales contract is a form that is filled by a broker concerning the sale of a property or properties. Filling an HUD sales contract is a very important knowledge that a sales agent must possess as it could either impress or discourage a buyer from purchasing a property. An HUD sales contract is also called HUD-9548.
I hope this helps.
Answer:
c.credit to Wages Payable for $6,300.
Explanation:
The journal entry to record the wages expense is shown below;
Wages expense dr ($10,500 × 3 ÷ 5) $6,300
To Wages payable $6,300
(being the wages expense is recorded)
Here the wages expense is debited as it increased the expense and credited the wages payable as it increased the liabilities
Increasing ,increasing
the reason is that when the economy is
growing more money is flowing ,unemployment is decreasing so more goods
and services are produced ,as a result of low unemployment ,more
consumption and total output increasing total income is increasing
Answer:
No, he should <u>not</u> pick up the $100 bill
Explanation:
If his salary were those $20 billion (20,000,000,000) by a year. Let's find out how much this is by a second.
First let's find out how much is that salary by <em>a day</em>, then by <em>an hour</em>, then by <em>a minute</em> and finally by <em>a second</em>.
So he would be losing money if he picks up the $100 bill, because he would be missing 634 dollars per second.
