Question 39 1.5 pts Savings, Investment, and Deficits Suppose a country has a closed economy, and it has the following macroeconomic data: Real GDP = $800 per year Consumption = $560 per year Tax revenue = $80 per year Government spending: $120 per year $80 per year Now suppose that the country's government spending falls to $80 per year, while real GDP, consumption, and tax revenue stay unchanged. Based on this new information, what is the government's budget deficit or surplus equal to (public saving)? Enter your answer in the space below. (If your answer is negative, be sure to include the minus sign in the answer you enter.)

Answers

Answer 1

The government's budget surplus is $40 per year (public saving).

To find the government's budget deficit or surplus (public saving), we need to use the given macroeconomic data for the closed economy:
Real GDP = $800 per year
Consumption = $560 per year
Tax revenue = $80 per year
Government spending (initially) = $120 per year Government spending (after reduction) = $80 per year
First, we need to find the private saving by using the formula:
Private Saving = Real GDP - Consumption - Tax revenue
Private Saving = $800 - $560 - $80 = $160 per year
Now, we need to find the public saving after the reduction in government spending:
Public Saving = Tax revenue - Government spending (after reduction)
Public Saving = $80 - $80 = $0 per year
Based on this new information, the government's budget deficit or surplus (public saving) is equal to $0 per year.

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Related Questions

In how much time will the simple interest of ₱3,500 at the rate of 9% per annum be the same as the simple interest of ₱4,000 at 10.5% per annum for 4 years?
A. 5 years
B. 4.5 years
C. 5.33 years
D. 6.3 years

Answers

the time required for the simple interest of ₱3,500 at 9% per annum to be the same as the simple interest of ₱4,000 at 10.5% per annum for 4 years is approximately 5.33 years.Hence, the correct answer is C. 5.33 years

To solve this problem, we can set up an equation based on the concept of simple interest.

Let's assume the time required for the two amounts to be equal is "t" years.

The formula for simple interest is: I = P * R * T, where I is the interest, P is the principal amount, R is the interest rate, and T is the time in years.

For the first amount:
Interest1 = 3500 * 0.09 * t

For the second amount:
Interest2 = 4000 * 0.105 * 4

Since we want the two interest amounts to be equal, we can set up the equation:

3500 * 0.09 * t = 4000 * 0.105 * 4

Simplifying the equation, we get:
315t = 1680

Dividing both sides by 315:
t = 1680 / 315

t ≈ 5.33

Therefore, the time required for the simple interest of ₱3,500 at 9% per annum to be the same as the simple interest of ₱4,000 at 10.5% per annum for 4 years is approximately 5.33 years.

Hence, the correct answer is C. 5.33 years.

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The owner of Firewood To Go is considering buying a hydraulic wood splitter which sells for $50,000. He figures it will cost an additional $100 per cord to purchase and split wood with this machine, while he can sell each cord of split wood for $125. How many cords of wood would he have to split with this machine to break even

Answers

Answer:

The correct answer is "2000 units".

Explanation:

Given:

Fixed cost,

F = $50,000

Variable cost,

VC = $100 per unit

Price,

P = $125 per unit

Let the units to be sold be "x".

Throughout the case of breakeven,

⇒ \(Total \ revenue=Total \ cost\)

⇒                \(125x=50000+100x\)

On subtracting "100x" from both sides,

⇒    \(125x-100x=50000+100x-125x\)

⇒                  \(25x=50000\)

⇒                      \(x=\frac{50000}{25}\)

⇒                         \(=2000 \ units\)

Slogan for voice notes it’s a notebook that’s writes for u when u speak

Answers

how much does it cost?

Which statement is TRUE about insurance coverage on customer brokerage accounts maintained at banks registered solely as municipal securities dealers

Answers

Answer: D. No insurance protection is offered on customer municipal accounts maintained at bank broker-dealers

Explanation:

Broker-Dealer are required to register their customers for insurance under the Securities Investor Protection Corporation (SIPC).

Broker-Dealers who however handle only tax-exempt securities such as municipal bonds are not required to be registered under the SIPC.

As this bank handles only municipal securities, they is not required to be registered under the SIPC which means that no insurance protection is offered on customer municipal accounts maintained by them.

A random variable follows a binomial distribution with a probability of success equal to 0.59. Find:
For a sample size of n=6, find: The probability of exactly 4 success
The expected value(mean)
The expected variance

Answers

If a random variable follows a binomial distribution with a probability of success equal to 0.59 then the expected variance is approximately equal to 1.468.

Given that a random variable follows a binomial distribution with a probability of success equal to 0.59.

We need to find the following values:

For a sample size of n = 6, find: The probability of exactly 4 successes The expected value(mean)The expected variance

The probability of exactly 4 successes

The probability of exactly 4 successes can be calculated by using the following formula:

P(X = k) = nCk * p^k * (1 - p)^(n - k)

Where, P = Probability of success

n = sample size

nCk = combination of k successes in n trials

Therefore, the probability of exactly 4 successes can be calculated as

P(X = 4) = 6C4 * 0.59^4 * (1 - 0.59)^(6 - 4) = 0.2676

The probability of exactly 4 successes is 0.2676.

The expected value (mean) The expected value (mean) of a binomial distribution is given by the formula: μ = np

where, μ = mean of the binomial distribution n = sample size p = probability of success

Therefore, the expected value is: μ = 6 * 0.59 = 3.54 The expected value (mean) is 3.54.

The expected variance of a binomial distribution is given by the formula: σ^2 = np(1 - p) where σ^2 = variance of the binomial distribution = sample size p = probability of success

Therefore, the expected variance is:σ^2 = 6 * 0.59 * (1 - 0.59)≈ 1.468

The expected variance is approximately equal to 1.468.

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______ Is a market in which a large number of suppliers compete with each other to satisfy the needs and wants of a large numbers of consumers at a competitive price.???

Answers

Answer : Monopolistic competition

Answer:

Monopolistic Competition

Explanation:

In a monopolistic competitive market, there are large numbers of sellers who do not sell identical products instead they sell differential products. They compete with each other at a competitive price. The products could be differentiated in many ways including quality, style, location and even brand name. Since they compete at a competitive price, if there is a substantial rise in the price of any of the products, the buyers could quickly shift from one product to another. The most crucial factor behind product differentiation is because of geographical factors. Under a monopolistic competitive market, the sellers do not have any influence over customer loyalty and limited control over the price.

Which of these is an example of an inelastic good?
A. Medicine
B. Jordans
C. Cell Phone
D. Big Zax Snack

Answers

Answer:

A. Medicine

Explanation:

Inelastic good is a product whose demand does not fluctuate with price changes. It means the demand for the good remains constant even if prices increase or decrease. The term inelastic symbolizes the demand for the good is static.

Medicine has an inelastic demand. Patients need medication regardless of prevailing prices. An increase or decrease in prices of medicines does not influence the demand. The term inelastic contrast elastic demand, which is the demand that varies with changes in prices.

Assume that by continuing your education, you increased your yearly
earning potential from $21,484 to $39,746. If the additional education
costs $36,000, in about how many years will it pay for itself?

Answers

Answer:

2 years

Explanation:

The increase in yearly earnings is

= $39,746 - $21,484

=$18,262

Every year, extra earning is $18,262

the cost of education is $36,000

It will take =$36,000/$18,262 years to repay

=1.971 years

=2 years

Question: By continuing my education I increased my earning potential from $21,484 to $39,746 a year. That's a difference of $18262 a year.

Answer: 1 year

In some countries a surgeon can earn 250000 or more each year. A nurse may earn just 40000 in comparison. Suggest three reasons for this differential in earnings.

In some countries a surgeon can earn 250000 or more each year. A nurse may earn just 40000 in comparison.

Answers

Answer: See explanation

Explanation:

The reasons for the difference in wages include:

1. Education and training: A nurse uses about 4-5 years to train to become a nurse while a surgeon uses about 15 years both at medical school and for further training and examination before he or she qualifies as a surgeon. This is a reason for the higher earning of the surgeon.

2. Also, due to the low barriers to entry, there are numerous nurses than surgeons who are few. This affects earnings as well as there are more supply of nurses which brings about a lower income than surgeons who are scarce and highly priced.

3. The skills and experience matters as well and the risks involved in their jobs results in wage difference too.

2. What do you think Alana's goals should be?








Answers

I think Alana's goal should be to create a budget that will make her save enough money to pay for all expenses.

What's plutocrat? Plutocrat is any item or empirical record that's generally accepted as payment for goods and services and prepayment of debts, similar as levies, in a particular country or socio- profitable environment.The primary functions which distinguish plutocrat are as a medium of exchange, a unit of account, a store of value and occasionally, a standard of remitted payment. What's significance of plutocrat? Plutocrat can not buy happiness, but it can buy security and safety for you and your loved bones. Mortal beings need plutocrat to pay for all the effects that make your life possible, similar as sanctum, food, healthcare bills, and a good education

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When companies predict labor shortage, they need to increase the number of their employees or to find ways to get rid of such shortage. Explain FIVE (5) effective strategies that companies use, in order to reduce expected labor shortage

Answers

Five effective strategies to reduce expected labor shortage include recruitment and retention programs, training and development initiatives, automation and technology adoption, outsourcing, and flexible work arrangements.

1. Recruitment and Retention Programs: Companies can implement strategies to attract and retain skilled workers, such as offering competitive salaries, benefits packages, career development opportunities, and creating a positive work culture.

2. Training and Development Initiatives: Investing in training programs and continuous learning opportunities can enhance the skills of existing employees, enabling them to take on additional responsibilities and fill critical roles.

3. Automation and Technology Adoption: Companies can implement technology solutions and automation processes to streamline operations and reduce the need for manual labor. This can increase efficiency and productivity, offsetting the labor shortage.

4. Outsourcing: Companies may choose to outsource certain tasks or functions to external service providers, either domestically or internationally, to fill gaps in their workforce and access specialized skills.

5. Flexible Work Arrangements: Offering flexible work options, such as remote work or flexible scheduling, can attract a wider pool of talent and provide a work-life balance, making the company more appealing to potential employees.

By adopting these strategies, companies can mitigate labor shortages, maintain operational efficiency, and attract and retain talented individuals to meet their business needs.

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what do you think when will the lookdown open in nepal and india ?
and do not report, and why will you report if u have a specific reason then i will think, but this is my doubt.

Answers

Answer:

maybe August

Explanation:

school opens in August, so, maybe then?

Hope you have a great day

list out the tasks of an overseer.​

Answers

Answer:

Mentor, coach, monitor and supervise communities throughout the shelter construction process. Provide technical assistance to households involved in shelter construction. Coordinate with counterparts in other PIN's areas of operation, ensuring exchange of lessons learnt and good practices

Explanation:

PLEASE help im stuck


What management principle caused the cost per bushel to change? Explain how the principles applied to this example.

PLEASE help im stuckWhat management principle caused the cost per bushel to change? Explain how the principles
PLEASE help im stuckWhat management principle caused the cost per bushel to change? Explain how the principles
PLEASE help im stuckWhat management principle caused the cost per bushel to change? Explain how the principles

Answers

Answer:

Microeconomics uses a set of fundamental principles to make predictions about how individuals behave in certain situations involving economic or financial transactions. These principles include the law of supply and demand, opportunity costs, and utility maximization. Microeconomics also applies to businesses.

A savings account is a good choice for:
A. a high return on your investment.
B. retirement planning.
C. when you need easy access to your funds. .
о
D. basic savings and as an emergency fund.

Answers

Answer:

B. Basic savings and as an emergency fund

Explanation:

Which of the following assigns a value to the hourlyWage member of employee[2]?
A) employee[2]->hourlyWage = 50.00;
B) employee2.hourlyWage = 7.50;
C) hourlyWage[2].employee = 29.75
D) employee[2].hourlyWage = 100.00;
E) None of these

Answers

Employee[2].hourly Wage = 100.00 is the correct value in this case.

Hence, Option D is correct

First, calculate the total number of hours worked by multiplying the number of weeks in a year by 52. Divide this figure by the annual salary. For example, if an employee earns $50,000 per year and works 40 hours per week, his or her hourly rate is $50,000/2,080 (40 x 52) = $24.04.The hourly rate. noun [C] WORKPLACE, HUMAN RESOURCES. the sum of money charged, paid, or earned for each hour worked: Rather than paying for the products that the advisers sell you, you pay a fixed or hourly rate for their time. Salaries are fixed payments that are usually calculated on an annual basis. Hourly pay is based on an agreed-upon hourly rate.

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(this is not a question but Im just saying this because it may be important)

Im part of this group and I ask question when I need help with my homework but today I ask some questions and the question that I ask were all wrong ya'll are not smart ya'll are wrong I got a 40% on my homework ya'll are lying with the answers some of ya'll put ''I took the quiz" and I always read that and I said oh that's the correct answer and that's not true if you want to help other people do it correctly and Im really mad at this ya'll better change.

Answers

Answer:

instead of asking just search it  up this is what i do

Explanation:

Answer:

You are just asking the wrong people

how do you gain market power in a given market?

Answers

Answer:

Product differentiation. If a company offers differentiated products and services or holds an extensive market share, it can, to some extent, dictate the pricing of its products and meet the inelastic demand from customers. A high degree of pricing power helps a company achieve market power.

Explanation:

hope it help

A new company has started to become very competitive in your geographic areas. The first step they took was to slash prices. The second was stealing some of your best sales and manufacturing personnel. As a result, they have been able to go down the learning curve a lot faster, thus increasing their overall revenue. In a meeting with some of your people, the idea is brought up that you could increase the competition's costs by tying them up through litigation and state administrative action. Some local government officials owe you favors because your company has made campaign contributions in the past. Some other sources tell you the new company has over extended themselves, meaning their debt/equity ratio is very high. They probably couldn't survive a protracted legal battle or some legislation that's been designed to negatively impact their bottom line and not yours. Many more suggestions are brought up, but the first one is the only one that has a chance of success.
You:__________.

Answers


A new company has started to become very competitive in your geographic areas. The first step they took was to slash prices. The second was stealing some of ...

the two blades of the scissors: performance feedback and intrinsic attributes in organizational risk taking

Answers

The two blades of the scissors in the context of organizational risk-taking refer to performance feedback and intrinsic attributes. The two blades of the scissors, performance feedback, and intrinsic attributes, work together to shape and influence an organization's risk-taking behavior.

By considering both external feedback and internal attributes, organizations can evaluate and adjust their risk-taking strategies for improved performance and growth.


1. Performance feedback: This blade represents the external factors that provide information and guidance on the effectiveness of the organization's risk-taking activities. It involves receiving feedback from various sources such as customers, stakeholders, and performance metrics. For example, if a company takes a risk by launching a new product, performance feedback would come from customer reviews, sales data, and market response. Positive feedback indicates that the risk-taking strategy was successful, while negative feedback suggests the need for adjustments.

2. Intrinsic attributes: This blade represents the internal characteristics or qualities within the organization that influence its risk-taking behavior. These attributes include factors such as the company's culture, leadership style, and employee mindset. For instance, an organization with a culture that encourages innovation and rewards calculated risks is more likely to engage in risk-taking. Additionally, a leadership style that fosters creativity and supports learning from failures can also promote a positive risk-taking environment.

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In the context of organizational risk taking, the two blades of the scissors metaphorically represent performance feedback and intrinsic attributes. Performance feedback refers to the evaluation and assessment of an organization's actions and outcomes in relation to risk-taking.

It provides information on the effectiveness of strategies, the impact of decisions, and the overall performance of the organization. For example, if an organization takes a risk that leads to positive outcomes and achieves its goals, it can use this feedback to reinforce successful behaviors and encourage further risk-taking. On the other hand, if the outcomes are negative, the organization can learn from the feedback and make adjustments to improve future risk-taking strategies.

Intrinsic attributes, on the other hand, refer to the internal qualities, capabilities, and characteristics of the organization that influence its ability to engage in effective risk-taking. These attributes include factors such as the organization's culture, values, resources, skills, and expertise. For instance, an organization with a strong innovative culture that encourages creativity and experimentation may be more inclined to take risks and explore new opportunities. Similarly, an organization with robust financial resources and a skilled workforce may have the necessary capabilities to manage and mitigate risks effectively.

Together, performance feedback and intrinsic attributes form the two blades of the scissors, representing the interplay between external evaluation and internal qualities that shape organizational risk-taking. By leveraging performance feedback and nurturing intrinsic attributes, organizations can enhance their risk-taking abilities, make informed decisions, and achieve their objectives effectively.

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Why should you notify your bank and credit card companies if you suspect you are a victim of identity theft?
They can freeze your accounts to help prevent loss.
They can freeze your Social Security number for you.
They can prosecute people who have stolen your identity.
They can ensure you get a job after the investigation

Answers

They can freeze your accounts to help prevent the loss, thus Option A is the answer.

as we notify the responsible institutions they will freeze your accounts, to prevent fraudulent activity that could be done with the account in name of the actual account holder, that targets your security as thief could make illegal payments which could be a national threat to your name . so it's important to notify banks to tell about the activities that are done in past days from your bank account.

Identity theft can be so brutal as your information could be transferred to illegal groups that can harm you, and cause you a very high financial loss which is not right.

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You should notify your bank and credit card companies if you suspect you are a victim of identity theft because they can freeze your accounts to help prevent loss. The correct option is A.

What is the difference between a bank and credit card?

Your bank account is connected to your debit card. Unless you have an overdraft, which is a form of credit linked to your account, the money you spend or withdraw is typically yours. With a credit card, you have access to a pre-set credit limit through a separate account.

Your bank or credit card provider can act right away to safeguard your accounts and stop any unauthorized transactions after you report the theft. Your accounts may be frozen, your cards may be canceled, and new cards may be issued. By doing this, individuals can contribute to limiting the harm identity theft causes and stop further monetary loss.

Thus, the ideal selection is option A.

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assuming you already have $20,000 in your account earning 5.000ompounded semi-annually, how much do you have to deposit every 6 months in order to have $100,000 in the account in 10 years?

Answers

You have to deposit $3,224.94 every 6 months in order to have $100,000 in the account in 10 years, if you have $20,000 in your account.

To find out how much you have to deposit every 6 months in order to have $100,000 in the account in 10 years, you can use the formula for the future value of an annuity:

FV = PMT × [(1 + r/n)^(nt) - 1] / (r/n)

Where:
FV = future value of the annuity
PMT = payment amount
r = interest rate
n = number of compounding periods per year
t = number of years

Plugging in the given values:

100,000 = PMT × [(1 + 0.05/2)^(2*10) - 1] / (0.05/2)

Solving for PMT:

PMT = 100,000 × (0.05/2) / [(1 + 0.05/2)^(2*10) - 1]

PMT = 3,224.94

Therefore, the answer would be PMT = $3,224.94

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How much would Software C cost
you in the long run?
80% . $0
$[?]
Satisfaction
Not Satisfied
20%. $20,000
$5,000
Software C
Software D
$8,000
85% $0
Satisfaction
Not Satisfied
15%. $15,000

How much would Software C costyou in the long run?80% . $0$[?]SatisfactionNot Satisfied20%. $20,000$5,000Software

Answers

Answer: $8,000

Explanation:

If you're satisfied, the cost of software C is:

= 5,000 + 0

= $5,000

If you are not satisfied, the cost is:

= 5,000 + 20,000

= $25,000

You can then use the probabilities to calculate the expected total cost:

= (Probability of satisfied * Cost if satisfied) + (Probability of unsatisfied * Cost if unsatisfied)

= (80% * 5,000) + (20% * 20,000)

= $8,000

a) Explain different types of professions related to financial sector.​

Answers

Answer:

Positions in the commercial banking sector include bank tellers, loan officers, operations, marketing, and branch managers

patrick's retail company is planning a cash budget for the next three months. estimated sales revenue is as follows: month sales revenue month sales revenue january $ 350,000 march $ 250,000 february 300,000 april 200,000 all sales are on credit; 60 percent is collected during the month of sale, and 40 percent is collected during the next month. cost of goods sold is 80 percent of sales. payments for merchandise sold are made in the month following the month of sale. operating expenses total $52,000 per month and are paid during the month incurred. the cash balance on february 1 is estimated to be $35,000. prepare monthly cash budgets for february, march, and april. use negative signs only with beginning and ending cash balances, when appropriate. do not use negative signs with disbursement answers. patrick's retail company cash budgets february, march, and april february march april cash balance, beginning answer answer answer total cash receipts answer answer answer cash available answer answer answer total disbursements answer answer answer cash balance, ending answer answer answer

Answers

To prepare the monthly cash budgets for February, March, and April for Patrick's retail company, we need to calculate the total cash receipts, total disbursements, and ending cash balance for each month.

First, let's calculate the total cash receipts. In January, the sales revenue is $350,000, of which 60% will be collected during January, amounting to $210,000. The remaining 40% will be collected during February, amounting to $140,000. Therefore, the total cash receipts for February will be $210,000 + $140,000 = $350,000.

In February, the sales revenue is $300,000, of which 60% will be collected during February, amounting to $180,000. The remaining 40% will be collected during March, amounting to $120,000. Therefore, the total cash receipts for March will be $180,000 + $120,000 = $300,000.

In March, the sales revenue is $250,000, of which 60% will be collected during March, amounting to $150,000. The remaining 40% will be collected during April, amounting to $100,000. Therefore, the total cash receipts for April will be $150,000 + $100,000 = $250,000.

Next, let's calculate the total disbursements. The cost of goods sold is 80% of sales revenue. In February, the cost of goods sold will be 80% of $300,000, which is $240,000. The operating expenses for February are $52,000. Therefore, the total disbursements for February will be $240,000 + $52,000 = $292,000.

Similarly, the total disbursements for March will be 80% of $250,000 (cost of goods sold) + $52,000 (operating expenses) = $202,000 + $52,000 = $254,000.

The total disbursements for April will be 80% of $200,000 (cost of goods sold) + $52,000 (operating expenses) = $160,000 + $52,000 = $212,000.

Finally, let's calculate the ending cash balance for each month. The cash balance on February 1 is $35,000. Therefore, the ending cash balance for February will be the cash available ($350,000) minus the total disbursements ($292,000), plus the beginning cash balance ($35,000). So, the ending cash balance for February is $350,000 - $292,000 + $35,000 = $93,000.

Similarly, the ending cash balance for March will be the cash available ($300,000) minus the total disbursements ($254,000), plus the beginning cash balance ($93,000). So, the ending cash balance for March is $300,000 - $254,000 + $93,000 = $139,000.

The ending cash balance for April will be the cash available ($250,000) minus the total disbursements ($212,000), plus the beginning cash balance ($139,000). So, the ending cash balance for April is $250,000 - $212,000 + $139,000 = $177,000.

In summary, the cash budgets for February, March, and April for Patrick's retail company are as follows:

February:
- Cash balance, beginning: $35,000
- Total cash receipts: $350,000
- Cash available: $350,000 + $35,000 = $385,000
- Total disbursements: $292,000
- Cash balance, ending: $385,000 - $292,000 + $35,000 = $93,000

March:
- Cash balance, beginning: $93,000
- Total cash receipts: $300,000
- Cash available: $300,000 + $93,000 = $393,000
- Total disbursements: $254,000
- Cash balance, ending: $393,000 - $254,000 + $93,000 = $139,000

April:
- Cash balance, beginning: $139,000
- Total cash receipts: $250,000
- Cash available: $250,000 + $139,000 = $389,000
- Total disbursements: $212,000
- Cash balance, ending: $389,000 - $212,000 + $139,000 = $177,000

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What describes the ovulation phase of the menstrual cycle?

Answers

You can only become pregnant during the ovulation phase of your menstrual cycle.

The female reproductive system's uterus and ovaries undergo a series of physiological adjustments during the menstrual cycle that enable conception. The ovarian cycle regulates the cyclical release of progesterone and oestrogen as well as the development and release of eggs. The uterine cycle controls how the lining of the uterus (womb), which will hold an embryo, is prepared and maintained. These cycles, which are contemporaneous and coordinated, typically last 28 days on average but can extend up to 35 days, and they endure for around 30 to 45 years.

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A budget surplus is a financial situation in which the government ___________ more money in taxes than it ______________ in a year. Select the correct answer below: spends, receives plans, receives receives, spends spends, plans
A budget surplus is a financial situation in which the government ___________ more money in taxes than it ______________ in a year.
Select the correct answer below:
spends, receives
plans, receives
receives, spends
spends, plans

Answers

A budget surplus is a financial situation where a government has more revenue than expenses over a given period. The surplus can be utilized to improve the economy by investing in public services, infrastructure, and reducing taxes.

A budget surplus is a financial situation in which the government receives more money in taxes than it spends in a year. It implies that the government has excess revenue compared to expenses. This surplus can be utilized for investment in infrastructure, building reserves, paying off debts, or reduction in taxes.

A budget is a financial plan that outlines expected revenues and expenses over a certain period, usually a year. The budget surplus is a difference between the revenue and expenditure of a government over the fiscal year. It indicates that the government is collecting more money than it needs to fund its activities for a year.The budget surplus can occur for several reasons, including economic growth, fiscal policies, and taxation policies.

An increase in economic growth leads to an increase in revenues. At the same time, a decrease in expenses can result from the implementation of more efficient programs or policies.The government can use the budget surplus to benefit its citizens by investing in infrastructure, improving public services, and reducing taxes. On the other hand, if the government has a budget deficit, it means it has spent more money than it has collected in revenue.

As a result, the government borrows funds to cover its expenses. This debt increases over time and has to be repaid with interest.

In conclusion, a budget surplus is a financial situation where a government has more revenue than expenses over a given period. The surplus can be utilized to improve the economy by investing in public services, infrastructure, and reducing taxes. A budget deficit, on the other hand, means the government has to borrow funds to cover its expenses.

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Consider the following information relating to the 20 -year time period from 1940 to 1959 (inclusive): A representative basket of goods cost $5 at the start of the first year and $12 by the end of the final year. Which of the following is closest to the average annual geometric inflation rate? 4.47% 2.05% 5.65% 7.00%

Answers

The closest option to the average annual geometric inflation rate is 5.65%.

To calculate the average annual geometric inflation rate, we can use the formula:

Inflation Rate = (Ending Value / Starting Value)^(1/Number of Years) - 1

In this case, the starting value is $5, the ending value is $12, and the number of years is 20.

Using the formula, we can calculate the average annual geometric inflation rate:

Inflation Rate = ($12 / $5)^(1/20) - 1

Calculating this expression, we find:

Inflation Rate ≈ 0.0565

Converting this to a percentage, we get:

Inflation Rate ≈ 5.65%

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Which of the following is an internal factor?

A. Interest rates

B. Employment laws.

C. Employee turnover.

D. Economic recession.

Answers

Economic recession is the answer

Answer:

Your answer is: C) Employee turnover

Explanation:

What is the difference between a planned market economy and a mixed market economy?

Answers

Answer:in centrally planned economy market the means of production are predominantly owned by the state while in mixed economy the means of production are owned and controlled by both government and private persons. It is a mixture of planned and free enterprises

Explanation:

mixed economies, the government has some control, while the rest is up to supply and demand. Command economies are characterized by large surpluses and shortages, monopolies, and prices set by the government.
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