Answer: primarily cyclical deficit
Explanation:
Budget deficit occurs when the government expenditure for a certain year is more than the revenue the government makes.
Since the the United States economy was operating close to potential. The budget deficit experienced by the United States in 1969 was primarily cyclical deficit.
Answer:
Constant
8.80%
Explanation:
The growing annuities refers to the series of payments that grow at a constant rate
And, the expected real rate of return is
As we know that
Real rate of return = {( 1 + nominal rate of return) ÷ ( 1+ inflation rate)} - 1
= {( 1 + 19.08%) ÷ ( 1 + 9.45%)} - 1
= (1.1908 ÷ 1.0945) - 1
= 8.80%
Simply we applied the above formula to determine the expected real rate of return
Answer:
The opportunity cost is $7.
Explanation:
The opportunity cost involved in a decision is the cost of sacrificing its second-best alternative.
A college student could babysit her professor's child at an hourly wage of $7; she could work at the college library at a wage of $6; or she could finish her economics homework assignment.
If she decides to finish her assignment she is letting go wage of $7 and $6. Here, the second-best alternative is $7, so it is the opportunity cost.
Answer:
-$144,000
Explanation:
Cash flow from financing activities
Payment to retire bonds payable -$361,500
Proceeds from borrowing at bank (note payable) $217,500
Net cash used by financing activities -$144,000
The payment made to retired bond payable reflects the outflow of cash so we deducted it and the borrowing at bank is a cash inflow so we added it
And, the rest items are not relevant. Hence, ignored it
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