Answer:
<u>The correct answer is B. Government</u>
Explanation:
There is no doubt that the simple circular flow model explains supply and demand in an elemental economic perspective, however this model doesn’t take into account at least five other key factors of the economic systems. Those factors are:
1. Government sector.
2. Government spending.
3. The taxation system.
4. The financial institutions.
5. Imports and exports.
<u>The correct answer is B. Government.</u>
Answer:
$874
Explanation:
Calculation for Simon's additional Medicare tax
Based on the information given we were told Simon has a MAGI of the amount of $223,000 in which part of it is for wages income of the amount of $185,000 ($223,000 -$38,000)
while the amount of $38,000 is the net investment income which means that Samson MAGI is below the threshold limit of the amount of $200,000, therefore tax rate of 3.8% tax will be applied.
Now let calculate the additional Medicare tax
Additional Medicare tax = ($38,000-$15,000)*3.8%
Additional Medicare tax =$23,000*3.8%
Additional Medicare tax = $874
Therefore Simon's additional Medicare tax is:874
Answer:
If a = 4 it would be 4 x 2 = 8
Explanation:
Have a nice dayy/nightt
Answer:
The correct answer is: microeconomics concentrates on the behavior of individual consumers and firms while macroeconomics focuses on the performance of the entire economy.
Explanation:
Economics is divided into two different categories: microeconomics and macroeconomics. <u>Microeconomics </u>is the study of individuals and business decisions, while <u>macroeconomics </u>looks at the decisions of countries and governments. They are interdependent and complement one another since there are many overlapping concerns between the two fields.
<u>Microeconomics </u>is the study of decisions made by people and businesses. Microeconomics focuses on supply and demand and other forces that determine the price levels in the economy. Microeconomics tries to understand human choices and resource allocation.
<u>Macroeconomics</u>, on the other hand, studies the behavior of a country and how its policies affect the economy as a whole. It analyzes entire industries and economies. Macroeconomics focuses on aggregates and econometric correlations.
