Federal government income comes from the sales tax

Assignment Help Business Economics
Reference no: EM131097925

a) True, False, or uncertain. Explain why: Government expenditure and investment has remained fairly constant as a fraction of GDP since 1950, even as transfers have risen.

b)True, False, or uncertain. Explain why: Most of state government revenue comes from the income tax, and most Federal government income comes from the sales tax.

Reference no: EM131097925

Questions Cloud

Investors expectation of the price : If the stock is perceived to be fairly priced today, what must be investors' expectation of the price of the stock at the end of the year? (Do not round intermediate calculations. Round your answer to 3 decimal places.)
Market is served by profit-maximizing monopoly : Consider a market demand curve that can be expressed as P = 300 - 3 Q. Each of the firms currently serving the market has a total cost function of the form C = 40 q so MC = ATC = 40. There are no fixed costs. If the market is served by a (short-run) ..
Current consumption expenditures : Look up the difference between “current consumption expenditures,” “current transfer payments,” and “interest payments.” What has been happening to each (and both together) as a fraction of GDP from 1950-present? Do they differ (conceptually) from “G..
Write paper on legal and ethical issues concerning learning : Compose a research paper on the legal and ethical issues concerning online learning. The paper needs to address/include legal and ethical issues from teachers perspective as well as a student's perspective.
Federal government income comes from the sales tax : Explain why: Government expenditure and investment has remained fairly constant as a fraction of GDP since 1950, even as transfers have risen. Explain why: Most of state government revenue comes from the income tax, and most Federal government income..
What is the target variable cost per unit : A company thinks it can sell 30,000 of its proposed satellite radio at a price of $350 each. There will be annual fixed costs associated with developing, marketing, and manufacturing the radio of $6,000,000. If Yoste desires to make a profit of 18..
In exploring response to unexplainable monsters : In exploring response to unexplainable monsters: Compare Van Helsing in the novel Dracula and Gregor's father in the novel Metamorphosis and their reactions to the monsters to state what the authors had to say about the value of community. Be sure..
Incremental revenues associated with the special order : a. How much are the incremental revenues associated with the special order? b. How much are the incremental costs associated with the special order? c. How much additional profit or loss will be incurred if the order is accepted AND should it accept ..
Find the supply curve for your firm : Your firm is one of 100 identical firms operating in the short run in a perfectly competitive market. Your total cost function (short run and long run) is C = 500 + 20 q + q2, and your marginal cost function is MC = 20 + 2q. Find the supply curve for..

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd