Answer: Option (a) is correct.
Explanation:
Correct option: Aggregate demand shifts right.
Aggregate demand = consumption + government spending + Investment + Net Exports
Other things remains constant, if there is an increase in the government spending, as a result aggregate demand curve shifts rightwards. This will lead to increase the price level and level of output.
<span>biotechnology research and support services
</span>
Answer:
Amount paid in;
Bonuses to employees = $5,150
State tax = $5,150
Federal tax = $41,200
Explanation:
The bonus paid to employees, federal tax and state tax are all a percentage of the profit made by the company.
The amount of each of these elements may be computed by applying the applicable percentage on the profit made by the company before any of these deductions.
amounts paid in;
bonuses = 5% * $103,000
= $5,150
state tax = 5% * $103,000
= $5,150
and
federal tax = 40% * $103,000
= $41,200
