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iogann1982 [59]
3 years ago
11

If the tax multiplier is 1. 5 and a $200 billion tax increase is implemented, what is the change in gdp, holding all else consta

nt? (assume the price level stays constant. ).
Business
1 answer:
larisa86 [58]3 years ago
5 0

Based on the information given  the change in GDP, holding all else constant is a $300 billion increase in GDP.

Using this formula

Change in GDP=Tax increase× Tax multiplier

Where:

Tax increase=$200 billion

Tax multiplier=1.5

Let plug in the formula

Change in GDP=$200 billion×1.5

Change in GDP=$300 billion increase

Inconclusion the change in GDP, holding all else constant is a $300 billion increase in GDP.

Learn more here:brainly.com/question/9991208

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Accrued Product Warranty Fosters Manufacturing Co. warrants its products for one year. The estimated product warranty is 4% of s
Finger [1]

Answer:

a.

Date                     Account Title                                          Debit             Credit

Jan. 31                 Product Warranty Expense                 $15,160

                            Product Warranty Payable                                        $15,160

<u>Working:</u>

Product warranty expense = Amount of sales for January * Estimated product warranty

= 379,000 * 4%

= $15,160

b.

Date                     Account Title                                          Debit             Credit

Jan. 31                 Product Warranty Payable                     $355

                            Supplies                                                                     $250

                            Wages payable                                                          $105

The costs of the warranty will be taken from the liability account for warranties  because the warranty payable account represents that the company owes warranty repairs which the customer just came to collect.

5 0
3 years ago
Monthly sales are​ $530,000. Warranty costs are estimated at​ 5% of monthly sales. Warranties are honored with replacement produ
sashaice [31]

Answer:

C. Estimated warranty payable for $26,500.

Explanation:

The monthly sales are $530,000 and the warranty costs are 5% of monthly sales,

Therefore, Warranty costs will be = $530,000*5% = $26,500.

Now, we know that no defective products were returned during the current month, hence the other options in the questions are discarded and Estimated warranty payable is taken at the month end.

Thank buddy.

Good luck and Cheers.

8 0
3 years ago
Do you think Hollywood and record companies have a right to alter or mandate changes to audio/video technology including TV's, T
densk [106]

Answer:

Yes

Explanation:

I think Hollywood and record companies have a right to mandate changes in order to insure or enforce copyright law.

This is because Copyright law sets out to protect ownership of an original creative work by preventing unauthorized usage of the work. The creative work can be in the form of ideas, artwork,  book or other forms of media. hence Hollywood and record companies have a right to enforce copyright laws by mandating changes to audio or video technology .

7 0
3 years ago
For the past 10 years, Tony was an agent for It’s a Wonderful Life Insurance Company. While his career started out strong, Tony
Kay [80]

Answer:

C. The policy is in effect because Tony had the implied authority to issue the policy.

Explanation:

In the situation of Tony, it could be concluded safel that he has the implied authority due to the fact that, most of the company's  forms and logos are still with him. And, also, none of the company's customers were notified about the termination of Tony's contract thereby invalidating him as being one of the staff of the company.

3 0
3 years ago
Mark wants to sell his condo. Jack and Nick are two prospective buyers. Jack is willing to pay the amount quoted by Mark, while
Ghella [55]

Im Pretty sure the Correct answer to this Question is C Market Economy

I Hope this Help

-Dante

5 0
3 years ago
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