Answer:
C) Households may save part of the additional income from the tax cut
Explanation:
When we consider the total household income there is always a major part that is spent, this is called propensity to consume. It is defined as the proportion of total income that consumers are willing to spend.
But propensity to consume doesn't include 100% of household income, there also exists the propensity to save. That is the exact opposite, is the proportion of our income that we will save for future use.
Luckily for us all, the propensity to spend is usually much higher than the propensity to save. We have to remember that private consumption represents nearly 70% of the nation's GDP.
What households save goes to investment in GDP. Investment is always needed but it represents future growth of the GDP while consumption represents current growth of the GDP.
Answer:
Knowing the projected growth trends of your desired future career can help you map out a career trajectory
Find out who the big players are in your desired industry.
Interacting and networking with others can keep you in the loop when it comes to your future career.
Explanation:
Opportunity costs. If this is a grade school question.
Answer:
To stop criminal activity.
Explanation:
Answer:
The journal entry is shown below:
Explanation:
The journal entry for the sale of the goods using the system of perpetual inventory is shown below:
Cost of Goods sold A/c.............................Dr XXXX
Inventory A/c........................................Cr XXXX
Being record the sale using perpetual inventory system
Under the system of perpetual inventory, the sale or the purchase of inventory is recorded immediately using the point of sale system.
So, account of Cost of goods sold (COGS) is debited against the inventory which is sold through the business and that is credited.
