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3 years ago

Inflation is 20 percent. Debt is $2 trillion. The nominal deficit is $300 billion. What is the real deficit or surplus

Business

1 answer:

algol133 years ago

4 0

Answer:

Real deficit is -$100 billion.

Explanation:

Since we have a nominal deficit in the question, what we are to calculate is the real deficit.

The real deficit can be described as the actual or nominal deficit that has been adjusted for the effect of inflation on the debt. Therefore, the real deficit can be calculated using the following formula:

Real deficit = Nominal deficit - (Debt * Inflation rate) ................. (1)

From the question, we have:

Inflation rate = 20%

Debt = $2 trillion = $2,000,000,000,000

Nominal deficit = $300 billion = $300,000,000,000

Substituting the values into equation (1), we have:

Real deficit = $300,000,000,000 - ($2,000,000,000,000 * 20%)

Real deficit = $300,000,000,000 - $400,000,000,000 = -$100,000,000,000 = -$100 billion

Therefore, real deficit is -$100 billion.

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3 years ago

Which term refers to the ethics you follow at the workplace?

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<u>Explanation:</u>

Ethics is literally defined as the behavior of an individual concerning one's work, personal life and one's dealing with others. These are the set of values and conduct of an individual while performing his or her duty at work or home or anywhere. Its the way one deal with others in his or her personal and professional life.

Workplace ethics of-late has become extremely imperative and sensitive term with the growing complexities and scope of business and commerce. Even government agencies and organisations have started implementing workplace ethics in a big way. Workplace ethics talks bout one's integrity, uprightness and honesty in transacting business and official dealings at work. Its the behavior of an employee shows while performing his or her duties. Its not secluded to just employees even employers in the changing business scenario has to follow and adhere by certain standards and meet certain guidelines.

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A cross-functional work team is having difficulties in operating smoothly, and friction has developed among some of the members.

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Cross-functional Work Team

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Learn more on cross-functional team here: brainly.com/question/1490525

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