Breakthrough innovations account for ___% in the golden ratio on innovation

Say the marginal tax rate is 20 percent and that government expenditures do not also that the economy is at potential output and

Readme [11.4K]

Solution and Explanation:

a) The deficit is structural deficit, not cyclical deficit

b) Structural deficit is $450 billion

Revenue less than outlays; the GDP = Potential GDP

cyclical - during a recession , Structural - normal times

This is the budget deficit at potential GDP

Structural deficit = Total Government deficit - Cyclical Deficit

Government expenditures do not change with output

c) the deficit is both structural and cyclical

200 billion below potential; at potential output it will be 200 billion higher

Cyclical deficit = $200 billion

Structural = 450 - 200 = 250

d) Cyclical surplus = $350 billion

Structural deficit = $100 billion

e) Structural as normal stabilization policies will not remove a structural deficit

5 0

3 years ago

Which type of account will typically have the highest interest rates

anyanavicka [17]

The correct answer is Certificate of Deposit

4 0

3 years ago

oss Music Inc. reported the following selected information at March 31. 2022 Total current assets $262,787 Total assets 439,832

Alexxandr [17]

Answer:

Please see below

Explanation:

a. Current ratio

= Total current assets / Total current liabilities

= $262,787 / $293,625

= 0.89

b. Debt to assets ratio

= Total current liabilities / Total assets

= $293,625 / $439,832

= 0.67

c. Free cash flow

= Net cash provided by operating activities - Dividends - Capital expenditure

= $62,300 - $12,000 - $24,787

= $15,685

5 0

3 years ago

Each statement below is part of an economic model. Indicate whether the statement is a prediction of cause and effect or an assu

aivan3 [116]

Answer:

(a) Assumption

(b) Cause and Effect

(c) Cause and effect

(d) Assumption

Explanation:

(a) People behave rationally: Assumption

Rational behavior refers to a decision-making process that is based on making assumptions that result in an optimal level of benefit or utility.

(b) Cause and Effect

If a price of goods falls that is a cause and the effect is that people will consume more of the good.

(c) Cause and effect

As the population grows faster than food supply (cause), mass starvation is predicted to occur which is the resultant effect.

(d) Assumption

The maximization of profit is based on the assumption of theory of production and costs.

4 0

3 years ago

Read 2 more answers

Lupine Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. T

Anna [14]

Answer:

Allocated MOH= $420

Explanation:

First, we need to calculate the predetermined overhead rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= (253,600/31,700) + 6

Predetermined manufacturing overhead rate= $14 per machine hour

Now, we can allocate overhead to Job L716:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 14*30

Allocated MOH= $420

5 0

3 years ago