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yulyashka [42]
2 years ago
6

If the economy is producing a level of output $45 billion above full-employment real GDP, the most viable option to shift the ou

tput to full-employment GDP would be a
Business
1 answer:
lakkis [162]2 years ago
5 0

Answer: c. tax increase of some amount less than $45 billion

Explanation:

Increasing taxes will have the effect of reducing the Consumption in the Economy as it will reduce the disposable income that people have to spend on goods and services. It is therefore an option to bring the Economy back down to fill employment.

However, when the Taxes are increased, they should be increased by an amount less than the $45 billion because Taxes have a Multiplier effect meaning that an increase in taxes will slow down the economy more than the increase itself. This is why it should be an amount less than 45 billion especially having taken the Multiplier into account so that a good estimate of the amount needed will be ascertained.

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klemol [59]
Knowledge , pride and wisdom
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2 years ago
_______ is not considered to be a "developing" nation. A. Brazil B. India C. China D. Japan E. Mexico
PIT_PIT [208]

Answer:

A. Brazil

Explanation:

6 0
3 years ago
Derby Inc. manufactures a product which contains a small part. The company has always purchased this motor from a supplier for $
skad [1K]

Answer:

Income will be higher by $16 per unit

Explanation:

As per the data given in the question,

Direct material = $38

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Total variable cost = $38 + $50 + $21

= $109

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Income increased per unit = cost of supply - total variable cost  

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8 0
3 years ago
The following income statements were drawn from the annual report of The Western Sales Company. Year 2 Year 1 Sales 40,000 40,00
aniked [119]

Answer:

$9,555

Explanation:

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Cost of goods sold will be $25,000

gross margin = $15,000

Operating expenses are decreasing with time by \frac{9,000 - 7,000}{9,000} = 0.22

Thus, it will decrease with the same trend = $7,000 - 22.22% = $5,445

Rounded off

Therefore, net income = $15,000 - $5,445 = $9,555

Note: Gain on sale of land is one time event and not permanent, thus it will not be considered as part of trend.

3 0
2 years ago
George is 73 years old and retired. He was told that he should withdraw $15,000 from his 401(k) to meet his required minimum dis
dusya [7]

Answer:

D : George will have to pay $7,500, which is the 50% tax on the amount that he should have taken for his required minimum distribution.

Explanation:

Currently, Required Minimum Distributions (RMDs) have been suspended for the entire 2020 due to CARES Act. But under normal circumstances, Roger would be penalized and 50% of the RMD not retired would be withheld by the IRS. That is why people generally withdraw the RMDs even if they do not need them.

8 0
3 years ago
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