Business, 05.10.2019 04:10 SydneyFrank

Last year, while an economy was in a recession, government spending was $595 billion and government revenue was $505 billion. economists estimate that if the economy had been at its full-employment level of gdp last year, government spending would have been $555 billion and government revenue would have been $550 billion. which of the following statements about this government’s fiscal situation are true? lo3 a. the government has a non–cyclically adjusted budget deficit of $595 billion. b. the government has a non–cyclically adjusted budget deficit of $90 billion. c. the government has a non–cyclically adjusted budget surplus of $90 billion. d. the government has a cyclically adjusted budget deficit of $555 billion. e. the government has a cyclically adjusted budget deficit of $5 billion. f. the government has a cyclically adjusted budget surplus of $5 billion

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 07:10

Refer to the payoff matrix. suppose that speedy bike and power bike are the only two bicycle manufacturing firms serving the market. both can choose large or small advertising budgets. is there a nash equilibrium solution to this game?

Answers: 1

Answer

Business, 22.06.2019 09:50

phillips, inc. had the following financial data for the year ended december 31, 2019. cash $ 41,000 cash equivalents 75,000 long term investments 59,000 total current liabilities 149,000 what is the cash ratio as of december 31, 2019, for phillips, inc.? (round your answer to two decimal places.)

Answers: 3

Answer

Business, 22.06.2019 11:10

Yowell company granted a sales discount of $360 to a customer when it collected the amount due on account. yowell uses the perpetual inventory system. which of the following answers reflects the effects on the financial statements of only the discount? assets = liab. + equity rev. − exp. = net inc. cash flow a. (360 ) = na + (360 ) (360 ) − na = (360 ) (360 ) oa b. na = (360 ) + 360 360 − na = 360 na c. (360 ) = na + (360 ) (360 ) − na = (360 ) na d. na = (360 ) + 360 360 − na = 360 na

Answers: 1

Answer

Business, 22.06.2019 12:50

You are working on a bid to build two city parks a year for the next three years. this project requires the purchase of $249,000 of equipment that will be depreciated using straight-line depreciation to a zero book value over the three-year project life. ignore bonus depreciation. the equipment can be sold at the end of the project for $115,000. you will also need $18.000 in net working capital for the duration of the project. the fixed costs will be $37000 a year and the variable costs will be $148,000 per park. your required rate of return is 14 percent and your tax rate is 21 percent. what is the minimal amount you should bid per park? (round your answer to the nearest $100) (a) $214,300 (b) $214,100 (c) $212,500 (d) $208,200 (e) $208,400

Answers: 3

Answer

You know the right answer?

Last year, while an economy was in a recession, government spending was $595 billion and government...

Questions