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when the federal government's expenditures for a year are greater than its revenue for that year, the difference is known as wha

Lera25 [3.4K]

Answer:

A budget deficit

Explanation:

A budget deficit arises when the governments spend more than it has collected. The government 's main source of revenue is taxes and levies it imposes on businesses and individuals. Its expenses include salaries for public employees, social welfare, and expenditures on public goods and infrastructure development projects.

A budget deficit contrasts a budget surplus, which occurs when a government intends to spend less than it has collected. Budget deficits result in government borrowing from either the domestic or foreign markets. A balanced budget is when the collected revenues match the planned expenditures.

8 0

3 years ago

suppose that an initial $40 billion increase in investment spending expands gdp by $40 billion in the first round of the multipl

max2010maxim [7]

The multiplier size is 1 / 0.2, which equals 5, and the MPC in this economy is $32 / $40, which equals 0.8. In the second round, $32 billion, the multiplier is five, and the MPC is 0.8.

Gross domestic product, also known as GDP, is a gauge of the size and health of a nation's economy over time (usually one quarter or one year). The size of various economies at various times is also compared using this method.

<u>Calculation:</u>

A. Change in consumption / Change in income equals marginal propensity to consume.

Marginal Consumption Propensity = 24/40

0.6 is the marginal propensity to consume.

B. The factor is 1 divided by (1 - MPC)

The factor equals 1 / 1 - 0.6.

The factor is 2.5.

C. Instead, if after the $40 billion increase GDP and consumption rise by $32 billion, the MPC is equal to $32 / $40 = 0.8.

The Multiplier = 1 / 1 - 0.8 = 5

Learn more about GDP with the help of the given link:

brainly.com/question/26261960

#SPJ4

8 0

2 years ago

What strategies involve taking time to think carefully about a problem by breaking it up into parts, or looking at it in a more

katovenus [111]

Answer:

Analytical Strategies.

Explanation:

Analytical strategies involve taking time to think carefully about a problem by breaking it up into parts, or looking at it in a more general way in order to generate ideas about how certain products or services can be improved or made more innovative. These strategies are basically used for analyzing problem, fact or status. These methods are usually task limited and time bounded. For such methods, most of the time, it is sufficient to just take a paper-pencil and start analyzing the required data on hand. There are some specialized techniques are also present for the same purpose of braking down the bigger problems and issues into smaller ones in order to solve them in a more effective and efficient way. Following are some of the very useful analytical strategies:

Brainstorming Method.

SWOT (Strength, Weakness, Opportunities, Threat) Analysis.

BCG matrix.

Gap Analysis.

PESTLE Analysis.

Pareto Principle.

Benchmarking etc.

6 0

4 years ago

QUESTION 1

Klio2033 [76]

The format button is used to format a table's text to make it more interesting in PowerPoint.

<h3>What is the work of the Format button?</h3>

As the name suggests, the Format button is used to format the text, table, size, etc. And make more interesting in the PowerPoint, MA word, MS Excel.

The formatting button is used to make the more interesting and attractive texts, tables, pictures, etc.

Therefore, the formatting button is used to make more interesting the text of the table.

Learn more bout the format button, refer to:

brainly.com/question/8517487

4 0

2 years ago

Read 2 more answers

Focusing on customers has not always been the hallmark of strategic planning. In fact, in the early 20th century, firms tended t

Natalija [7]

Answer:

The correct answer is letter "A": efficiency and quality.

Explanation:

Efficiency and quality were the main focuses to drive companies to the maximization of productivity during the 20th century. This movement was spread among the U.S. and Britain based on the idea that all organizations' efforts should be driven to eliminate corporate waste and inefficiency.

One of the most recognized characters of this idea was American economist Frederick Winslow Taylor (1856-1915) father of "<em>Scientific Management</em>" who looked for increasing productivity by increasing employee prosperity.

5 0

3 years ago