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Rainbow [258]
3 years ago
8

The cyclical surplus is $450 billion, potential output is $10 trillion and tax rate is 15 percent. With this information, we can

infer that the actual output of this economy is:________.
Business
1 answer:
Nitella [24]3 years ago
4 0

Answer:

$13 trillion.

Explanation:

The actual output of economy can be calculated using the following mentioned formula:

Cyclical deficit=tax rate in question(potential output - actual output)

-$450 billion=0.15($10 trillion-actual output)

-$450 billion=$1.5 trillion-0.15*actual output

0.15*actual output=$1.5 trillion+$450 billion

0.15*actual output=$1.95 trillion

Actual output=$13 trillion.

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Answer:

C) has no effect on Carr's earnings and profits for federal income tax purposes.

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A stock dividend means that the corporation issues its existing shareholders more stock.

In essence, the corporation is merely diluting the proportional ownership interest of existing shares.

This has no effect on the corporation's earnings and profits for federal income tax purposes.

Therefore, the dividend has no effect on Carr's earnings and profits for federal income tax purposes.

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2 years ago
Carol is a vice president for sales and marketing at her company. She conducts a survey asking customers their impressions of th
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3 years ago
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