The correct option is (A) Budget deficit.
A budget deficit is created each time the federal government spends more than it collects in taxes in a given year.
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What is budget deficit?</h3>
- A budget deficit is created when expenditure exceeds income, therefore it can be a positive indicator for a country's finances.
- The government often refers to spending as a "budget deficit" rather than income from businesses or individuals. Accumulated deficits are the basis of the national debt.
- The two main causes of budget deficits are excessive government expenditure and a lack of sufficient revenue.
- Tax reductions can result in a reduction in tax revenue, which can cause a budget deficit, or they might raise government expenditure above and above what it already receives in tax revenue.
- Consider a simple example where the government earns $10 billion in revenue one year but spends $12 billion, resulting in a $2 billion deficit.
Learn more about the budget deficit with the help of the given link:
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helps you become a team player
because in order to work with other people you must have a flexible mind.
Answer:
first of all over priced those better be some good a** chairs the total cost for 3 chairs would be 6000.00
Explanation:
3 times 2 is 6.
3 times 20 is 60.
3 times 200 is 600.
3 times 2000 would be 6000
Answer:
7.54 %
Explanation:
Year 0 = - $220
Year 1 = $80
Year 2 = $70
Year 3 = $50
Year 4 = $60
I /yr = 5%
Internal Rate of Return for this project is 7.54 %
Answer:
a. purchases journal; expenditure cycle
Explanation:
When a business recieves inventory from a vendor they already have a credit line with, it will be recorded in the purchases journal. A purchases journal is a prime book of entry or day book which is used to keep track of items that are accounts payable.
The cycle involved in this scenario is the expenditure cycle which involves the activities that a business goes through in the acquisition and payment for goods and services.
The reciept of inventory from the vendor is in the expenditure cycle.