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3 years ago

Automatic stabilizers allow the government budget to ?

1 answer:

8 0

Automatic stabilizers allow the government budget to slow down the rate of decrease in aggregate demand when the economy slows down and restrains aggregate demand when the economy speeds up, without making changes in legislation.

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We describe the flow of costs in a process costing system and prepare appropriate journal entries to record costs. A process cos

slava [35]

Answer:

Indication of which account to be debited and credited:

Transaction Debit Credit

1. Work in Process - Cutting Raw materials

2. Work in Process - Shaping Manufacturing overhead

3. Work in Process - Shaping Work in Process - Cutting

4. Finished Goods Inventory Work in Process - Shaping

5. Cost of Goods Sold Finished Goods Inventory

Explanation:

a) Transaction Analysis:

1. Work in Process - Cutting Department $12,000 Raw materials $12,000

2. Work in Process - Shaping Department $10,000 Manufacturing overhead $10,000

3. Work in Process - Shaping Department $90,000 Work in Process - Cutting $90,000

4. Finished Goods Inventory $80,000 Work in Process - Shaping Department $80,000

5. Cost of Goods Sold $100,000 Finished Goods Inventory $100,000

5 0

3 years ago

Which of the following is an example of a content management system (CMS)?

Grace [21]

Some examples of a content management system (CMS) are:

WordPress,
Joomla,
Drupal,
Wix,
Ghost.

<h3>What is content management system?</h3>

This refers to the software that helps users create, manage, and modify content on a website without having to code.

Hence, we can see that Some examples of a content management system (CMS) are:

WordPress,
Joomla,
Drupal,
Wix,
Ghost.

Read more about content management system here:

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4 0

2 years ago

During a recession, median income falls by 15%. if the demand for grapes falls by 12%, grapes are a(n) _____ good with an income

IgorLugansk [536]

<span>Grapes are a(n) "normal good" with an income elasticity of demand of "0.8". A normal good is a good for which an increase in income results in increased demand, while decreased income results in decreased demand. Thus, we know that the first blank is "normal good" by the definition of a normal good becuase median income fell and demand for grapes fell. The X elasticity of demand is given by (%change in Demand)/(%change in X), where x is any economic variable (income in this case). Thus, to find the elasticity, we divide 12% by 15%. 12%/15%=.08.</span>

7 0

3 years ago

(Advanced analysis) The accompanying equations are for a mixed open economy. The letters Y, Ca, Ig, Xn, G, and T stand for GDP,

spayn [35]

Answer:

Equilibrium GDP = C+ I+ G+ X

Where: Y = GDP

C = Ca = a+bYd

I = Ig

G = G

X = Xn

Yd = Y-T

T = 0.2Y

Y = C+ I+ G+ X

Y = a + bYd + I +G + X

Y = a + b(Y-T) + I +G + X

Y = a + bY - bT + I +G + X

Y = a + by - b(0.2Y) + I +G + X

Y = a + bY - 0.2Yb + I +G + X

Y = a + 0.8Yb + I +G + X

Y - 0.8Yb = a + I +G + X

Y(1 - 0.8b) = a + I +G + X

Y = (a + I +G + X)/(1 - 0.8b)

That is the equilibrium GDP is Y = (a + I +G + X)/(1 - 0.8b)

Explanation:

Equilibrium GDP is also called equilibrium level of national income. This is the condition that must prevail for planned expenditure to exactly equals planned income or output in an economy. this is represented by the general equation of Y = C+ I+ G+ X-M but for the purpose of this question M which represent import was not introduced.

The consumption function of C = Ca = a+bYd is a Keynesian consumption function, it shows aggregate planned expenditure by household

Ig represents investment expenditure of the firm

Xn represents export while

G represents government expenditure on goods and services

T represents tax which varies with income level

3 0

3 years ago

Gross pay minus deductions is known as

AveGali [126]

<span>The correct answer is net pay. Gross pay is the sum that you receive overall. This does not account for any taxes or automatic withdrawals for retirement funds. Once these deductions occur, you will receive the net pay.</span>

4 0

3 years ago

Read 2 more answers