Q: What is the procedure for calculating net income?
A: The net income is also known as net profit. The net income implies the amount which is left over…
Q: What is the effect of a rise in the income tax on interest income? A rise in the income tax on…
A: Income tax is a sort of tax levied by governments on the earnings of enterprises and persons within…
Q: Write 3 difference between revenue expenditure and capital expenditure
A: The 3 difference between revenue expenditure and capital expenditure are as follows:-
Q: It is the increase in the prices for goods and services from one year to another, thus decreasing…
A: Inflation rate is the rate at which the prices of goods and services in an economy rise over time.…
Q: The tables show the spending and revenue for Littleland in 2010. Use the tables and other…
A: Little land Borrow:Little land Borrow can be calculated as follows:
Q: how much tax does Serena pay on her gain
A:
Q: Explain under the Income Tax Act 1967 instances whereby interest income is deemed to be derived from…
A: Income Tax: It is an expense you pay to the public authority in view of your pay (and benefit, on…
Q: transfer payments 355 Indirect taxes 315 Wages 2335 social security deductions 125 personal…
A: The national savings rate is the Gross Domestic Product that is saved rather than an expenditure of…
Q: Study the following information and then answer the questions that follow $1,250 per week $1,100 per…
A: The gross monthly income is the total income received in a month by the individual. It excludes all…
Q: The government of Rwanda eliminates taxes interest income. What happens in their market for loanable…
A: In the loanable funds market, it can be seen that the demand side participants are Businesses and…
Q: In national income accounting, government purchases include: purchases by the Federal government…
A: Government purchase includes government spending on goods and services, by federal, state and local…
Q: explain the impact of a low interest rate on gross domestic product(not less than a page)
A: We can determine the impact of low interest rate on gross domestic product by taking IS-LM model. IS…
Q: Circular flow of income. Explain: 1. Household 2. Leakages. 3. MPC
A: The circular flow of income, also known as circular flow, is an economic model in which important…
Q: How would you describe the relationship between corporate taxes and the GDP of a country?
A: In an economy, the corporate tax refers to the tax imposed by the government on the income of…
Q: What would be the value of income if consumption is $600 and APC is 0.77
A: According to the above mentioned question, the values are:- Consumption expenditure = $600 Average…
Q: d. Calculate 2013 government purchases of goods and services and government investment spending. e.…
A: => Government purchases of goods and services and investment spending are $3125.5 = $1245.9 +…
Q: B. Name THREE (3) monetary transactions that are excluded from the National Income measurement.
A: NOTE:.We’ll answer the first question since the exact one wasn’t specified. Please submit a new…
Q: If the gross investment in a year is $1000 and depreciation in a year is $50 then what is the value…
A: Net investment = Gross investment - Depreciation Gross investment = $1000 Depreciation = $50
Q: Calculate : a. GDI b. GNI c. NNI d. NI e. Personal income f. Disposable income
A: Income from employment & self employment = 25000 Income from rent, dividend & interest =…
Q: A consumption tax that replaces an income tax a) only taxes a household on the money it spends.…
A: Consumption Tax is the tax which is imposed on the consumption spending that a consumer does on…
Q: Explain the difference between government purchases and transfer payments.
A: In an economy, the government makes different types of activities such as government spending money…
Q: The withdrawal of income from circular flow of income example saving is known as _______
A: According to the given question The circular flow of income in an economy is a concept in the…
Q: (a) Tangible items that can be bought and sold are called (b) intangible items that can be bought…
A: # First we must understand what are tangible and intangible assets. Tangible is anything which is…
Q: What role taxes policy plays in determining the GDP or national income in an economy? Explain with…
A: Taxes play a crucial role in determining GDP or national income. It helps the government finance…
Q: Government expenditures = 500 national units. Taxes = 0,4Y, government transfers = 0,2Y. National…
A: When payment surpasses receipts, a deficit happens, and it indicates a country's monetary health.…
Q: The following table shows the national income data for an economy in year 2020. ITEMS RM (Million)…
A: The measure that depicts the final value of goods and services produced in an economy during a given…
Q: 17. Which of the following is used as a remedial measure during inflation in an economy? a.…
A: Meaning of Inflation: The term inflation refers to the situation under which there is an excessive…
Q: You have the following information: employee compensation $3.5 trillion net interest $1.3 trillion…
A: Use the below formula for the calculation: Net National product= Employee compensation + Net…
Q: Assume that you are employed by the government of Tanzania in 1964, a new nation recently…
A: In the year 1, the government spends more on education and health sectors and it is given that…
Q: Based on the IRS table, Jake calculates that his marginal tax rate is _ when his annual taxable…
A: Answer; The marginal tax rate is the tax rate corresponding to the tax bracket in which the income…
Q: What is the distinction between government purchases and transfer payments? What is the relative…
A: If we consider the gross domestic product (GDP) formula then it can be written as: GDP =…
Q: F. (i) (ii) (iii) (iv) Distinguish between Intermediate goods and final goods Stock and flow…
A: Introduction We have given some macroeconomic terms. 1 Final goods vs intermediate goods: Final…
Q: The nominal interest rate is: A not adjusted by inflation. B less than the real rate of interest…
A: Option (A).
Q: how are consumption taxes different from income and property taxes?
A: Taxes are compulsory payments to governments without expectation of direct return or benefit to the…
Q: 32 trillion.
A:
Q: Discuss the important features of the public budget and the relationshipbetween revenues and…
A: Public budget: It is a monetary arrangement that assesses the consumptions and incomes of a state…
Q: What is the relationship between taxes and government transfers? (Hint: Why are transfers considered…
A: A transfer payment (sometimes known as a government transfer or just a transfer) is a method of…
Q: According to the above table, Gross Domestic Product is Part 2 A. $12,115 B.
A: * Solution :- From the given information the calculations are as follows.
Q: This expenditure (formerly general government consumption) includes all current government…
A: Introduction Government spending or expenditure refers to money spent by the public sector on the…
Q: Family Flowers employs 17 people, of whom 14 earn gross pay of $640.00 each and 3 earn gross pay of…
A: Given that, Family Flowers employs 17 people, of whom 14 earn gross pay of $640.00 each and 3 earn…
Explain the difference between government purchases and transfer payments.
Step by step
Solved in 2 steps
