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lubasha [3.4K]
4 years ago
5

Social Security is considered to be mandatory spending by the government.

Business
2 answers:
Burka [1]4 years ago
4 0

The statement, "Social Security is considered to be mandatory spending by the government" is true.

<u>Explanation:</u>

The United States government spending plan is separated into three classifications: obligatory spending, optional spending, and enthusiasm on obligation. Otherwise called qualification spending, in US financial strategy, obligatory spending is government spending on specific programs that are ordered by law.

Congress built up obligatory projects under approval laws. Congress enacts spending for required projects outside of the yearly allocations charge process. Congress can just lessen the subsidising for programs by changing the approval law itself.

This requires a 60-vote dominant part in the Senate to pass. Optional spending then again won't happen except if Congress acts every year to give the subsidising through an appointments bill.  

Compulsory spending has taken up a bigger portion of the government spending plan after some time. In financial year 1965, compulsory spending represented 5.7 percent of total national output (GDP). In FY 2016, obligatory spending represented around 60 percent of the government spending plan and more than 13 percent of GDP. Required spending got $2.4 trillion of the complete $3.9 trillion of government spending in 2016.

Mnenie [13.5K]4 years ago
3 0

Answer:

True

Explanation:

Medicare and medicaid are included into the national budget and is a mandatory spending of the government. The important distinction to this social security programs is not all of the population is eligible for using this programs.

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U.S. residents accounted for over 75 percent of cruise ship passengers, and U.S. ports had 8 million passengers leaving on cruis
Elenna [48]

Answer:

e. External opportunity

Explanation:

An  external opportunity is an extension of the market due to some external development outside the industry. In this case, the cruise industry has benefited in a major way due to external developments.

7 0
3 years ago
Joseph is instructed by his employer, Helen, to go to the local donut shop during his lunch break and purchase six-dozen donuts
salantis [7]

Answer:

B. False.

Explanation:

Helen instructed Joseph during his active working hour does not matter if he is on his lunch break or not, so Joseph is entitled to workers compensation.

6 0
4 years ago
If a U.S. citizen could buy £25,000 for $100,000, the rate of exchange for the pound would be
Natalka [10]

Answer:

<u>The rate of exchange for the £ is US$ 4</u>

Explanation:

1. Let's check the information provided to answer the question correctly:

Amount the U.S. citizen want to buy in £ = 25,000

Amount the U.S. citizen will pay in US$ = 100,000

2. Let's calculate the rate of exchange for the British pound £, this way:

Rate of exchange = Amount in US$/Amount in £

Rate of exchange = 100,000/25,000

<u>Rate of exchange = 4 US$ per £</u>

We can also express the rate for the US$, this way:

Rate of exchange = Amount in £/Amount in US$

Rate of exchange =25,000/100,000

Rate of exchange =  £ 0.25 per US$

5 0
4 years ago
The straight-line depreciation method and the double-declining-balance depreciation method: A. Produce the same depreciation exp
Artemon [7]

The relationship between the straight-line and double-declining-balance method is that they D. Produce the same total depreciation over an asset's useful life.

<h3>How are the straight-line and double-declining-balance methods related?</h3>

While they do not produce the same depreciation every year, they will eventually depreciate an asset in the same way overtime.

What this means is that both methods will depreciate an asset by the same amount at the end of the asset's life. However, the depreciation amounts will vary by method on an annual basis.

In conclusion, option D is correct.

Find out more on depreciation methods at brainly.com/question/26948130.

6 0
2 years ago
Suppose you were assigned the task of choosing a price that maximized economic surplus. What price would you​ choose? ​ Why? A.
mote1985 [20]

Answer:

C. Choose the price where the quantity demanded equals the quantity supplied because that is the equilibrium condition.

Explanation:

The equilibrium price is the most ideal because at this price the consume is willing to buy, if price goes above this the consumer may look for an alternative and this will further increase surplus.

Also when there is surplus the suppliers will find a way to sell competitively at the equilibrium price.

8 0
4 years ago
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