Answer:
The correct answer is option c.
Explanation:
The aggregate production function shows the relationship between the total economic output and the amount of inputs used.
Keeping other things constant, an increase in the stock of capital will cause the the production function to move upwards. This shows that the economy will be able to produce more output.
<span>Illuminated manuscripts were primarily used to communicate christian teachings.
Before the printing press and even for sometime after, religious material had to be printed by hand. There were those who had a talent for illustrative and artistic penmanship, or, creating pain text in to illuminated text which is a word for the illustrative and artistic lettering.</span>
Answer:
$5,220
Explanation:
The computation of the bad debt expense for the period end adjustment is shown below:
= Allowance of bad debts + credit balance of Allowance for Doubtful Accounts
where,
Allowance of bad debts = 2% × $249,000 = $4,980
And, the credit balance of Allowance for Doubtful Accounts is $240
Now put these values to the above formula
So, the value would equal to
= $4,980 + $240
= $5,220
The journal entry is shown below:
Bad debt expense A/c Dr $5,220
To Allowance for Doubtful Accounts $5,220
(Being bad debt is recorded)
To strengthen requirements from basel ll on the bank’s minimum capitol ratios.
Answer:
b. are changes in taxes or government spending that increase aggregate demand without requiring policy makers to act when the economy goes into recession.
Explanation:
Automatic stabilizers are changes in taxes or government spending that increase aggregate demand without requiring policy makers to act when the economy goes into recession.
In Economics, it is also referred to as built-in stability and this means that with given tax rates and expenditures policies such as fiscal and monetary policy; an increase in domestic income will reduce a budget deficit or produce a budget surplus, while a decline in income will result in a deficit or a lower budget surplus.
Hence, an automatic stabilizer is an economic system or policies that automatically shore up or strengthen the Gross Domestic Products (GDP) without specific government intervention for sustenance or creation of stability in the economic cycle of a country.
For example, personal and corporate income tax usually decline in the event of recession in a country because individuals and business owners or entities make less, thus leading to unemployment and an increase in social security funds or welfare.