1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Gennadij [26K]
3 years ago
8

Suppose we have the following information for 2008: Potential output: $17 trillion Actual output: $16 trillion Actual Deficit: $

500 billion Tax Rate: 15% What is the structural deficit in 2008
Business
1 answer:
Step2247 [10]3 years ago
4 0

Answer:

The structural budget in 2008 is $350 billion

Explanation:

Actual deficit = Government spending - Tax Revenue Collection

i.e Actual deficit = G-T

T = (Tax rate) (Actual output)

$500 billion = G - (0.15)($16 trillion)

$500 billion = G - 2400 billion

G =  $500 billion + 2400 billion

G =  $2900 billion

Thus, Government spending is $2900 billion

Structural deficit = G - T'

T' = (Tax rate)(Potential output)

T' = (0.15)(17000 billion)

T' = $2550 billion

Structural deficit = G - T'

Structural deficit = $2900 billion - $2550 billion

Structural deficit = $350 billion

Thus, the structural budget in 2008 is $350 billion

You might be interested in
Stephanie bought a package of pencils for $1.75 and some erasers that cost $0.25 each. She paid a total of $4.25 for these items
Sonbull [250]

Answer:

the dogs

Explanation:

8 0
3 years ago
Samson Company reported total manufacturing costs of $320,000, manufacturing overhead totaling $52,000, and direct materials use
Artemon [7]

Answer:

$204,000

Explanation:

Given that

Total manufacturing costs = $320,000

Manufacturing overhead = $52,000

Direct materials = $64,000

The computation of direct labor cost is shown below:-

Direct labor cost = Total manufacturing costs + Manufacturing overhead + direct materials

= $320,000 - $52,000 - $64,000

= $204,000

Therefore for computing the direct labor cost we simply applied the above formula.

3 0
3 years ago
A shareholder invested in a mutual fund and has signed a letter of intent to invest $25,000. Her original investment was $13,000
Delvig [45]

Based on the information given for her to complete her letter, she must deposit D) $12,000.

<h3>Deposit:</h3>

Using this formula

Deposited amount=Amount invested-Original investment

Where:

Amount invested=$25,000

Original investment=$13,000

Let plug in the formula

Deposited amount=$25,000-$13,000

Deposited amount=$12,000

Inconclusion for her to complete her letter, she must deposit D) $12,000.

Learn more deposit here:brainly.com/question/1752098

5 0
3 years ago
Give an example of 3 wants of businesses and describe WHY they are wants
Lemur [1.5K]
A want is something which we would like but do not need to survive. Humans have five basic needs: food, water, shelter, warmth, and clothing. ... Products are launched to fulfill the needs and wants of the consumers in the business's target market. A market is defined as a place where buyers and sellers meet.
7 0
3 years ago
Shane's buyers learned during the inspection that there was water damage around the fireplace and that the chimney needed new fl
MAVERICK [17]

Shane should just call the steeplejack.

  • Flashing serves as an additional layer of water protection; however, if you notice leaks, your flashing is damaged. You may experience water damage if you find rust, holes, or areas where the flashing has worn down. However, it would still be best to replace it.
  • Repointing your chimney brick mortar would be your first step. Repointing is the process of taking out the crumbly mortar, then replacing it with a new batch of mortar.
  • your chimney crown and flue serve as your extra protection against water. However, gaps may eventually appear after some time, allowing water to enter.
  • As a result of the water seeping in, it will damage not only the crown but also the flue. And caulking would be the answer to this chimney problem. Caulking is the process of sealing a gap using a sealant or a waterproof filler

learn more about water leaks here : brainly.com/question/681061

#SPJ4

8 0
1 year ago
Other questions:
  • Assume Royal Palm Corp., an equipment distributor, sells a piece of machinery with a list price of $800,000 to Arch Inc. Arch In
    10·1 answer
  • The Aluminum Company of America (Alcoa) formerly controlled all U.S. sources of bauxite, a key component in the production of al
    11·1 answer
  • Consider two markets: the market for coffee and the market for hot cocoa·The initial equilibrium for both markets is the same, t
    7·1 answer
  • In the context of sequencing, the _____ minimizes the average lateness of a set of jobs.
    15·1 answer
  • Steve goes to Tri-State University and pays $40,000 in tuition. Steve works to pay for his schooling and has an AGI of $37,000.
    11·1 answer
  • Ratio analysis A company reports accounting data in its financial statements. This data is used for financial analyses that prov
    8·1 answer
  • A T-bill quote sheet has 120-day T-bill quotes with a 5.07 ask and a 5.01 bid. If the bill has a $10,000 face value, an investor
    13·1 answer
  • Suppose the Digby company expands to other markets with good designs, high awareness and easy accessibility, what strategy would
    8·1 answer
  • Samsung innovations have proven to be successful supported by statistical data.
    6·1 answer
  • What is considered gross proceeds paid to an attorney.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!