The President used "very difficult choices" to explains it is difficult to decide what would be funded and what would be cut
<h3>Who used the quote?</h3>
The quote was used by President Barack Obama during the 2012 Budget Message of the President.
Hence, he explained that it was difficult to decide what would be funded and what would be cut.
Therefore, the Option A is correct.
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Answer:
D. deficit of $1 trillion; surplus of $4 trillion
Explanation:
If the economy reaches their potential at 12 trillion the government would run a deficit of 1 trilllon which means there is an structural deficit of 1 trillion
As currently there is a surplus of 3 trillion This mean the economy is in a cycle under which there is a surplus of 4 trillion
current budget - structural budget = cyclical
3 - (-1) = 3 + 1 = 4
Answer:
Project b
Explanation:
The cash payback period calculates how long the amount invested in a project would be recouped from its cummulative cash flows.
Project b should be taken because the amount invested would be recouped in 1.8 years which is less than the 2 years benchmark.
The amount invested in project A would be gotten back in 2.3 years which is greater than the 2 years benchmark. This makes project A unacceptable.
Please find explanations on how this answer was derived in the attached images.
I hope my answer helps you
I think the correct answer is D. The goal of expectation interest is to put the non-breaching party in the same position they would have been in if the contract hadn't been breached. Expectation interest is an interest of a party of having a benefit in a contract by being in a good position in the contract.
Answer:
Gross Income is the answer!
Explanation: