Answer:
a $1 rise in government spending will raise both total spending and Real GDP (assuming prices are constant) by $2.70.
Explanation:
The tax multiplier is generally used to show the multiple at which there is either a decrease or an increase in gross domestic product when there is either an increase or decrease in tax. Therefore, if the tax multiplier is equivalent to '$n' and assuming there is no change in price, there will be an increase of '$n' on the GDP and total spending for every dollar increase in the spending of government.
Balance Sheet occurs immediately after he prepares the income statement.
Balance Sheet:
- The balance sheet is one of the three main financial statements used when evaluating a business. It offers a snapshot of the assets and liabilities of a corporation as of the publication date.
- A balance sheet provides you with a quick overview of your company's financial situation at any given time. A balance sheet, along with an income statement and a cash flow statement, can aid business leaders in assessing the financial health of their organization.
- The balance sheet is a vital instrument used by executives, investors, analysts, and regulators to understand the present financial situation of a firm. The other two types of financial statements, the income statement and the cash flow statement, frequently cohabit with it.
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<span>Costs that differ directly with the level of production are known as variable cost</span>
Answer:
Th answer is: Marginal tax rate for Family A is 20%, average tax rate is 12%. There is no Family B in the question.
Explanation:
Family A's tax rate are as follows:
Income Tax rate
up to $10,000 0%
$10,000 to $30,000 10%
$30,000 to $50,000 20%
$50,000 to $80,000 30%
over $80,000 40%
Since Family A's income is $50,000, their marginal tax rate is 20%, and its average tax rate is = [($20,000 x 10%) + ($20,000 x 20%) / $50,000] = ($2,000 + $4,000) / $50,000 = $6,000 / $50,000 = 12%
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