High taxes in theory would slow the economy because they redirect money from the private sector to the government and reduce consumption.
<h3>How do high taxes slow the economy?</h3>
The economy grows when the private sector produces more and grows. High taxes will take money from this sector which would leave less cash for growth investment.
High taxes also reduce the amount that people have for consumption which would reduce Aggregate demand.
Find out more on Aggregate Demand at brainly.com/question/1490249.
#SPJ12
Answer:
C) services.
Explanation:
This is easily explained to be the stepping in to a tertiary stage. As it is explained that economic development analysis stages consists of different phases and levels. This services that is been denoted in this growth in the US plays a key role in financial services, humanity, health and other visible relevant parts which help in the building and aiding of economic growth of a country's economy.
Information technology and educational services in a product offering. These services are seen to boost different parts of an economy especially in developing countries is mostly concentrated in financial services, hospitality, retail, health and human services.
Answer:
1) The correct answer is letter "C": spending on goods to be used in future production.
2) The correct answer is letter "B": is considered unsold inventory and counted as a part of investment in current GDP.
Explanation:
1) The Gross Domestic Product (GDP) considers four (4) components: <em>Consumption, Investment, Government, </em>and <em>Net Exports</em> (exports-imports). Investments refer to all goods that are purchased to produce other goods in the future. Final goods to be used or to replace others do not fall into this category.
2) The output of a company is computed within the GDP. Even if the output is not sold after production but it is recorded as part of an organization's inventory, it will be considered in the calculation of the GDP of the year when the production of the good took place.
Answer:
The answer is "Option b".
Explanation:
In this scenario, the second option, which would be the percentage within each transaction that's also interest instead of the full amount, would've been lower if the rate of interest were lower because interest-related transactions would have been higher at lower rates and conversely, as opposed to the main refunds.
An easy-to-use decision support system that specifically supports strategic decision making is called executive support system.
A decision support system is one software that helps to make effective decisions with providing various alternatives of the solution to the problems addressed.
Strategic decision making is a process that provide an overall decision over the edge gaining an extra advantage for the firm analysing the decisions taken and the impact over the organisation. Wrong decisions taken at the wrong time may result in specifically driven decisions.
To learn more about decision support system here,
brainly.com/question/14279526
#SPJ4
