Answer:
buyer; seller
Explanation:
A "debit memorandum" is also known as a "debit memo." It is often a notification to the buyer or customer that <em>debit adjustments</em> were made to their bank accounts.
However, if the buyer returns the goods to the seller due to any reasons (such as damaged goods or incorrect goods), the buyer issues the debit memo. This will notify the seller that a debit has been made to his account in the buyer's records. It also means that <em>the buyer is requesting for a return of funds from the seller.</em>
So, this explains the answer.
Lorenz curve shows income distribution, hence the correct answer is (D).
Explanation: Lorenz curve is the graphical distribution of the income distribution or wealth distribution. It is also known as probability plot. It has a line of equality (always 45 degrees) which depicts the fair means of income distribution and data when plotted on the curve tells that how much inequality prevails. Horizontal axis shows the increasing share of population and vertical axis shows the increasing percentage of total income received.
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Explanation:
Fiscal policy can be defined as the use of government spending and taxation to affect the economic variables such as inflation, unemployment, aggregate demand, etc.
The following measures are example of fiscal policy:
- An increase in federal income tax rates.
- The federal estate tax is repealed.
- An increase in military spending
- The federal government builds a high-speed train that connects Los Angeles and Las Vegas.
Answer:
The correct answer is option c.
Explanation:
Inflation implies an increase in the general price level. It reduces the purchasing power of consumers.
If the wages are increasing slower than the rate as inflation it means that the disposable income is increasing at a slower rate than the increase in prices. It implies that purchasing power is declining.
If wages are increasing at the same rate as inflation, it means that the purchasing power is constant. If wages are increasing at a faster rate than the increase in the inflation rate, it means that the purchasing power is increasing.