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
Stella [2.4K]
3 years ago
10

As you’re checking out the online edition of your local newspaper, you quickly Scan a report in the business section that says g

overnment spending’s will again exceed tax revenues in current year. what does this mean for the economy?
Business
1 answer:
Tom [10]3 years ago
6 0

Answer:

people may not be able to get their tax money they are owed due to government spending

You might be interested in
Indicate whether each of the following descriptions represents saving or investment, as defined by a macroeconomist. Description
bogdanovich [222]

Answer:

Your family takes out a mortgage and buys a new house. - Invesment

When a household purchases a new house, it is considered an investment according to macroeconomic theory.

You use your $200 paycheck to buy stock in AT&T. - Investment.

Stock is a form of capital because it is bought with the expectation of getting a return. Buying stock is a form of investment.

Your roommate earns $100 and deposits it in his account at a bank. - Saving.

Your roommate does not need the $100 to pay for his daily expenses, and instead, saves that money at the bank. It is a form of saving as the name of the transaction implies.

You borrow $1,000 from a bank to buy a car to use in your pizza delivery business. - Investment.

You are borrowing to buy a car because you feel the car will provide you economic benefits in the future. Thus, the car is a capital asset, and a form of investment.

6 0
3 years ago
Billion of Dollars
Oksi-84 [34.3K]

Answer:

GDP by expenditure method=C+I+G+X-M

=6300+2300+4521+3120-200

=$16,041 billions

GDP at MP by income method= wages+ rent+ interest+ Corporate profit+ Proprietor income+ Depreciation+ indirect business tax

=8174+365+903+1895+1343+1987+1341

=$16,008 billions

Statistical discrepancy= GDP by expenditure method - GDP by income method

=16,008-16041

=$33 billions

5 0
3 years ago
Portia Grant is an employee who is paid monthly. For the month of January of the current year, she earned a total of $8,838. The
Setler79 [48]

Answer:

$2142.57

Explanation:

-The first step is to calculate the security tax and Medicare tax

If the total earning of Portia grant for the month of January is $8,838 then the security tax and FICA Medicare tax can be calculated as follows

Security tax= 6.2/100×8,838

= 0.062×8,838

= 547.95%

Medicare tax= 1.45/100×8,838

= 0.0145×8,838

= 128.15%

-The next step is to calculate the total amount of taxes

The SUTA and FUTA taxes is the amount of tax that is paid by the owner of the organization and as such they are not included in Portia's earning

If the Federal income tax withheld is $1,466.47 then, the total amount of tax withheld from Portia's earning can be calculated as follows

= 547.95+128.15+1,466.47

= $2142.57

Hence the total amount of taxes withheld from Portia's earning is $2142.57

7 0
4 years ago
An investment project is expected to generate earnings before taxes (EBT) of $60,000 per year. Annual depreciation from the proj
Masja [62]

Answer:

Net cash flow= $66,000

Explanation:

Giving the following information:

An investment project is expected to generate earnings before taxes (EBT) of $60,000 per year. Annual depreciation from the project is $30,000 and the firm’s tax rate is 40 percent.

Net cash flow= EBT - Tax + Depreciation

Net cash flow= 60,000 - (60,000*0.4) + 30,000= $66,000

6 0
3 years ago
Imagine that there are two economies in the​ world: Bostonia and New Yorkland.​ Bostonia's currency is the sock and New​ Yorklan
BigorU [14]

Answer:

Yank appreciates in relation to Sock

Explanation:

A contractionary monetary policy either results in increased interest rates in New Yorkland or reduced money supply or both.

Increased interest rated would mean that people would save more to take advantage of an increased saving rate. This would cause people to save money and thus reduce the supply of money. The law of demand and supply suggests that lesser supply would up the price that is it would appreciate. This is also true as people in Bostonia may also want to save in New Yorkland thus reducing the supply further as they demand more Yank.

Reducing the money supply any other way would mean as both countries are trade partners there will be demand for Yank but as supply is constricted, it would again appreciate.

Hope that helps.

3 0
3 years ago
Other questions:
  • When planning for college you should consider everfi answers?
    15·1 answer
  • Suppose tables employee and customer both store address information, and you want to send a letter to all employees and customer
    6·1 answer
  • What is the name of the economic system where the government regulates the prices and the supply of the goods?
    12·1 answer
  • An investor does not need to constantly modify their portfolio make-up, but wishes to have a certain level of freedom to make ad
    6·1 answer
  • Branch Corporation issued $12 million of commercial paper on March 1 on a nine-month note. Interest was discounted at issuance a
    6·1 answer
  • The Pink Peonies Law Firm prepays for advertising in the local newspaper. On January​ 1, the law firm paid $ 3 comma 000 for 10
    11·2 answers
  • Your grandmother tells you a dollar doesn't go as far as it used to. She says the " purchasing power" of a dollar is much less t
    11·1 answer
  • Settings According to the interest parity​ condition, if the domestic interest rate is 10 percent and the foreign interest rate
    11·1 answer
  • Who watches Riverdale ? if you do can we be friends(pLEASE DON'T DELETE) and also who is your fav character from Riverdale
    9·2 answers
  • What is a “work point”?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!