Because of the principles of Keynesianism, the entire new deal was founded on the concept of deficit spending to stimulate the economy and end the depression.
Keynesians contend that because prices are somewhat rigid, changes in any aspect of spending, including government, investment, or consumer spending, affect output. According to Keynesian economics, a healthy economy spends or invests more than it saves and that demand drives supply. Keynes believed that governments should increase spending even if it means going into debt in order to generate jobs and increase consumer purchasing power during a recession. Deficit spending is when the federal budget deficit for a given year is calculated as the difference between the federal government's outlays (also known as outlays) and its tax revenue (also known as revenue). An annual surplus rather than a deficit occurs when the government raises more money than it spends.
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A Limited Liability Company (LLC) is a type of business organization that is very similar to a partnership, but is usually formed for one particular event or purpose, instead of an ongoing concern.
An LLC is a business entity with all the protection of a corporation plus the ability to pass through any business profits and losses to your personal income tax return. An LLC is a hybrid type of business structure where the owners of the LLC are called “members,” and all enjoy the advantages that an LLC has to offer.
A Limited liability company (LLC) is a business structure that offers limited liability protection and pass-through taxation. As with corporations, the LLC legally exists as a separate entity from its owners. Therefore, owners cannot typically be held personally responsible for the business debts and liabilities.
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In 2007, Petra spent <u>$2,340</u> on wages for her employees each week, and Petra increased her annual wage budget from 2008 by <u>$14,56</u>0.
<h3>
Calculation of wages</h3>
Note: This question is not complete. The complete question is therefore provided before answering the question as follows:
Petra owns a coffee shop. She has ten employees. In 2007, she paid her employees minimum wage ($5.85 an hour). In 2008, the minimum wage increased to $6.55 an hour. In 2009, the minimum wage increased to $7.25 an hour. Petra is paying her ten employees for 40 hours a week 52 weeks each year. In 2007 Petra spent___ on wages for her employees each week. When the minimum wage rose in 2009, Petra had to increase her annual budget for wage from 2008 by___
We can now proceed as follows:
Weekly wage spent Petra in 2007 = 2007 minimum wage per hour * Number of employees * Number of hours per week = $5.85 * 10 * 40 = $2,340
Amount of increase in minimum wage per hour between 2008 and 2009 = $7.25 - 6.55 = $0.7/hour
Petra’s increase in annual budget for wages in 2009 = Amount of increase in minimum wage per hour between 2008 and 2009 * Number of employees * Number of hours per week * Number of weeks = $0.7 * 10 * 40 * 52 = $14,560
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Answer: perfect
Explanation:
A perfect competitive industry is characterised by:
1. Plenty buyers and sellers of identical goods.
2. Firms that are price takers. Market prices are set by market forces.
3. Free entry and exist of firms
4. Little need for advertising because goods are all identical.
Because wheat is identical with all other wheat, there's little need for advertising and no need for a pricing strategy, wheat is been sold in a perfectly competitive market.
I hope my answer helps you.
Answer:
d.
The 2006 payment is included in 2006 GDP as government purchases, but the 2007 payment is not included in 2007 GDP.
Explanation:
The 2006 salary was of that year's service provided by the Economist. So it is included in 2006 GDP.
The retirement benefits in 2007 is a transfer payment by government where benefits are paid without any service to be received in return. Transfer payments are not included in GDP
