The law is Mello-Roos Community Facilities Act of 1982.
Senator Henry Mello and the Assemblyman Mike Roos worked together in order to enact the "Mello-Roos Community Facilities Act of 1982," which authorized local governments and the developers to form Community Facilities Districts (CFDs) to issue tax-exempt bonds to fund public works.
The Mello-Roos Community Facilities Act of 1982 is a statute that is used to finance public services in newly built regions, such as waste treatment facilities, parks, and schools. This might result in additional taxes on top of the regular property taxes and must be disclosed to any buyer prior to the acquisition.
Therefore, the answer is Mello-Roos Community Facilities Act of 1982.
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Answer: C. occurs when aggregate planned expenditure exceeds real GDP, so firms increase production and real GDP increases
Explanation:
When the Aggregate expenditure which is also known as Aggregate demand, exceeds the real GDP, it means that there is more demand for goods in the economy than the economy has currently produced.
Producers would therefore increase their production level in order to meet up with the new demand and return to a level of inventory that they are comfortable with. This increased production was not planned so any inventory it yields is unplanned as well.
Answer:
When an economy produces at full employment, but consumers, government, there is a recessionary gap - Option B.
Explanation:
According to the Keynesian perspective, firms produce output only if they expect it to sell.
While the availability of the factors of production determines a nation’s potential gross domestic product (GDP), the amount of goods and services actually being sold, known as real GDP depends on how much demand exists across the economy.
Keynes termed a fall in the aggregate demand as a recessionary gap.
A recessionary gap refers to an economy operating at a level below its full-employment equilibrium. Under this condition, the level of real gross domestic product (GDP) is lower than the level of full employment, which puts downward pressure on prices in the long run.
Thus, when an economy produces at full employment, but consumers, government, there is a recessionary gap - Option B.
Answer:
The correct answer is letter "B": Information is based on estimates and is bounded by relevance and timeliness.
Explanation:
Managerial Accounting is an in-house accounting that lets managers assess their decision impact. One common managerial accounting method is to calculate the profit margin on the goods produced. This information helps managers to set product prices and ensure that they make appropriate profit margins.
<em>The information managerial accounting uses are estimates of the operations of the firm and only important current data is considered. Though, previous periods information may be required for reference.</em>
Answer:
The correct answer is option B.
Explanation:
The rate of interest is given at 7%.
The rate of inflation is given at 3%.
This implies that the purchasing power is decreasing by 3% due to inflation. But it is also rising by 7% due to interest rate.
Since the increase in purchasing power is greater than decrease. After repayment the lender will have more purchasing power than he/she loaned out.