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guajiro [1.7K]
4 years ago
12

Suppose that we have the following information concerning the government's finances and the macroeconomy for a given year: Gover

nment Debt: $12 trillion Inflation: 10% Nominal Deficit: $1.5 trillion What is the real deficit for the year
Business
1 answer:
tresset_1 [31]4 years ago
3 0

Answer: $300 billion

Explanation:

The real deficit that a Government has is one that has been adjusted for inflationary effects. It is calculated by subtracting the inflation rate times the total debt from the nominal deficit.

= Nominal deficit - (Inflation rate * Total debt)

= 1.5 trillion - ( 10% * 12 trillion)

= 1.5 trillion - 1.2 trillion

= $300 billion

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Professor Hanoi's research efforts focus on how the use of heuristics influences the way people think about and assess financial
Luda [366]

Answer:

Cognitive psychology

Explanation:

Cognitive psychology has to do with the scientific study of how the mind processes data, information, creativity and also reasoning. Examples of this processes can be seen in thinking, reasoning, making judgements, being able to recognize numbers, memory etc. From this explanation above, we can see that this professors area o specialization is cognitive psychology.

3 0
3 years ago
If a check correctly written and paid by the bank for $749 is incorrectly recorded in the company's books for $794, how should t
sertanlavr [38]

Answer:

To treat this in the bank reconciliation, the difference of $45 is deducted from the balance per bank.

Explanation:

Based on the information given;

The amount recorded (as a deduction) in the books was in excess of $45 being the difference between the actual amount $749 and the erroneous amount recorded $794.

As such, to reconcile the bank statement balance to the balance in the books, the difference $45 is deducted from the balance per bank.

However, in the computation of the book balance the excess amount $45 is added to the book balance to correct the error.

3 0
4 years ago
In your opinion, why is training vital to the success of any organization? What is the potential impact of lack of effective tra
katen-ka-za [31]

Answer/Explanation

Training allows the organization members to grow their knowledge base and improve their job skills to become more effective. Without training, there will be despondent employees, higher employment turnovers, low production rates, an unsafe working environment, abortive staff management, increased expenses, and loss of customers.

I hope this helps

8 0
3 years ago
Conley Company has fixed costs of $20,445,000. The unit selling price, variable cost per unit, and contribution margin per unit
Free_Kalibri [48]

Answer:

                                         Yankee                Zoro

Break-even units               47000                 188000

Explanation:

Break even for multiple products = Total fixed costs/ (weighted average selling price- weighted average variable cost)

weighted average selling price = ($295 * 20%) + ( $215 *80%) = 59+172=$231

Weighted average variable cost = ($160 * 20%) +( $140*80%)=32+112=$144

weighted average contribution = $231-$144 = $87

breakeven = $20,445,000/$87= 235000 units

for Yankee = 235000*20%= 47000

for Zoro      = 235000*80%= 188000

8 0
3 years ago
Marketing Solutions Inc. promises to employ Niki as a software engineer. In reliance on the promise, Nikiquits her job with Onli
Simora [160]

Answer:

B) liable to Niki under the doctrine of promissory estoppel.

Explanation:

In contract law, promissory estoppel refers to a theory that when you make a reasonable promise but later you decide to back down, the other party may sue you in order to force you to fulfill your promise.

This theory has been upheld by the Supreme Court in Cohen v. Cowles Media Co. 501 US 663 (1991). So a reasonable promise will have the same binding effect as a contract.

7 0
3 years ago
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