Answer:
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Explanation:
Answer:
D. decreasing returns to scale.
The answer and procedures of the exercise are attached in the image below.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
Answer:
a. Increase in Net Exports, Increase in AD, real GDP will stay same
b. Excess Demand
c. Appropriate Contractionary Fiscal Policy : decrease tax & or increase government expenditure
d. Actions smooth business cycle by brining actual real GDP towards full employment
Explanation:
Aggregate Demand is the total value of goods & services all the sectors of an economy are planning to buy during a given period of time
Aggregate Demand [AD] = Consumption [C] + Investment [I] + Government Expenditure [G] + Net Exports [NX = Exports (X) - Imports (M)]
Aggregate Demand > Aggregate Supply at full employment level is Excess Demand. Aggregate Demand < Aggregate Supply at full employment level is Deficit Demand
Decrease in Investment leads to fall in Aggregate Demand. It creates Deficit Demand & decreases real GDP. It can be corrected through demand expansionary fiscal policy of decreasing taxes & increasing govt. expenditure.
Increase in exports leads to increase in net exports & in turn increase in aggregate demand. This causes Excess demand problem & real GDP will remain same (economy already at full equilibrium, GDP cant be increased more). Appropriate Fiscal Policy [Contractionary Fiscal Policy] includes decreasing taxes & or increasing govt. purchase.
These actions will smooth out business cycle by bringing actual real GDP back to full employment level.
I believe the lowest tier is District Court.
Answer:
The preparation of the multiple-step income statement is presented below:
Explanation:
The preparation of the multiple-step income statement is presented below:
Beasley, Inc
Multiple-step income statement
December 31, 2021
Sales revenue $330,000
Less: Cost of goods sold -$129,000
Gross profit $201,000
Less: Operating expenses
Salaries expense $38,000
Advertising expense $21,000
Utilities expense $43,000
Total operating expenses -$102,000
Operating income $99,000
Non operating income or others
Less: Interest expense $10,000
Total non operating income $10,000
Income before taxes $89,000
Less: income tax expense -$35,000
Net income $54,000