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harkovskaia [24]
3 years ago
8

Apply Concepts Describe a hypothetical government budget that employs an expansionary policy.

Business
1 answer:
anzhelika [568]3 years ago
5 0

Answer:

There will be cut in taxes and increased spending.

Explanation:

Expansionary policies are those in which government takes decisions to increase the spending on infrastructure, health, education and other development projects and reduces the taxes. This strategy is used to boost the economy. The increased spending creates more opportunities and there will be lesser unemployment in the country.

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Is this counted in the GDP of a country ?The services of a mechanic in fixing the radiator on his own car.
Aleonysh [2.5K]

Answer:

Yes this could be counted as GDP

Explanation:

6 0
2 years ago
Wilturner Company incurs $88,000 of labor related directly to the product in the Assembly Department, $37,000 of labor related t
Kazeer [188]

Answer:

Explanation:

The journal entry that would include is shown below:

Work in Progress inventory A/c Dr           $125,000

Factory overhead A/c   Dr                         $24,000

(Being labor cost is recorded)

The computation is shown below:

Work in progress = Labor expenses + whole labor expenses

                             =$88,000 + $37,000

                             = $125,000

The labor expenses are directly related to the product which means it is a direct cost

And, the whole labor expense is considered to be the overhead cost as it is not directly related to the product

And, the $24,000 is also considered as an overhead cost because it is used in both the departments so it is come under the factory overhead account

4 0
3 years ago
Party a has agreed to exchange $1 million u.s. for $1.02 million canadian. what is this agreement called?
Mrrafil [7]

Party A has agreed to exchange $1 million U.S. dollars for1.21 million Canadian dollars. This agreement is called a swap.

<h3>What is swap?</h3>

An agreement for a financial exchange known as a "swap" calls for one of the two parties to commit to making a given number of payments at a specified frequency in exchange for the other party making a different set of payments. These flows often react to interest payments based on the swap's nominal amount.

<h3>What is the advantage of swap contract?</h3>

Through the use of swap, one can gain access to new financial markets for funding by analyzing the comparative advantage that the other party has in that market. As a result, exchange fully utilizes the comparative advantage that parties possess. As a result, money can be collected at a lower cost from the best source available.

Learn more about Swap: brainly.com/question/14990076

#SPJ4

3 0
1 year ago
What would symphony report as total shareholders' equity?
leva [86]
$485 + $380 + $15 + $48 - $120 = $808

Have a great night!
6 0
3 years ago
Responsible renters should plan on spending on rent a portion of their net individual or family income that is no greater than w
Reptile [31]
It has to be 30 percent

4 0
3 years ago
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