Indirect tax is D. Sales tax.
Sales tax is the taxes that is charge or added to the items sold in the markets like hygiene, medicines, water, juices and drink and more.
It is added to the SRP of the item.
The correct answer is production.
Production is the process of taking raw materials and turning them into goods and services.
Answer:
Potential GDP is:
C. Is the maximum output firms are capable of producing.
Explanation:
Potential gross domestic product (GDP) is defined in the OECD's Economic Outlook publication as the level of output that an economy can produce at a constant inflation rate. Potential output occurs when an economy produces what it can using all of its resources. These resources include technology, equipment, natural resources, and employees. Potential output can also be looked at in terms of supply and demand.
Although an economy can temporarily produce more than its potential level of output, that comes at the cost of rising inflation.
The changes in potential GDP are caused by the increase in quantity of physical or human capital So the larger quantity of physical capital and human capital, the greater is potential GDP.
The difference between actual and potential GDP is that potential GDP is the level of production of goods and services that the economy is capable of if its workforce is fully employed and its capital stock is fully utilized. Actual GDP is the actual output of goods and services. Real potential GDP is the CBO's estimate of the output the economy would produce with a high rate of use of its capital and labor resources. The data is adjusted to remove the effects of inflation.
Answer:
1) subsidies as the seller will receive a higher amount that the market price
2) taxes because traslation effect considering demand price-elasticity
3) taxes
4) subsidies will increase the amount recieve by sellers. (for taxes it act as a intermediate it retains the taxes levied and then has to give them to the government thus, aren't an increase in they proceeds
5) taxes, the subsidies are government espending
6) taxes, because traslation effect.
Explanation:
Productive than are u.s. workers. hiring low-wage workers reduces