There seems to be an error in your question. Budget deficit is when the government spending exceeds its revenue, yet your question makes no mention of expenses. However, it seems to be referring to something we call the "negative output gap", where actual output is lower than potential output. If this is the case, then the output gap is $100. (I suspect you omitted the million as no country, not even fictional, only produces $500.)
Answer:
A)
Explanation:
Research studies indicate that U.S. producers gain more from tariffs than U.S. consumers lose. This is mostly because many intermediaries must pay various different tariffs including the consumer which all go to the producers, and therefore allowing the producers to gain more from the tariffs that the U.S. consumers will spend paying them.
Answer:
MRPL= $200 = wage rate when there are 5 workers
and MRPL = $1,200 = wage rate when there are 2 workers.
Explanation:
The computation of unionized is shown below:-
Marginal revenue product of labor = Marginal product × Price per unit
Workers Total Production Marginal Product MRPL
(per day)
a b b × $8
0 0
1 200 200 $1,600
2 350 150 $1,200
(350 - 200)
3 450 100 $800
(450 - 350)
4 500 50 $40
(500 - 450)
5 525 25 $200
(525 - 500)
6 510 -15 -$120
(510 - 525)
From the above table MRPL = $200 = wage rate when there are 5 workers
and MRPL = $1,200 = wage rate when there are 2 workers.
The Date sheet is a statement for daily business transactions. it includes the list of checks and balances for the office for a specific date of service.
A business transaction is an economic event involving a third party that is documented in the accounting system of a company.
Such a transaction needs to have a monetary value. Business transactions include, for example:
In a specific diary, such as a purchasing journal or sales journal, high-volume commercial transactions may be documented.
These journals are used to record business transactions, which are then regularly compiled and submitted to the general ledger.
Transactions with a lower volume are submitted straight to the general ledger. The financial accounts of the company eventually include a summary of these transactions.
A source document must always be used to back up a business transaction. A purchase order, for instance, might be used to facilitate the purchase of items from a supplier and the payment of wages to an employee.
Learn more about business transactions here
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Answer:
C) $ 80,000 $ 70,000
Explanation:
R = ($48,000/$120,000) x $200,000
=0.4×$200,000
= $80,000
S = $200,000-$50,000-$80,000
= $70,000
Therefore the sales value at split-off for products R is $80,000 and S $70,000
