Important source of revenue and major type of expenditure
What is the most important source of revenue and the major type of expenditure at the Federal level?
Expert
At the Federal level, the most important source of revenue is the personal income tax. The main expenditure is for income security.
Is transfer income involved in national income? Explain Why? Answer: No, since transfer income does not effect in the production of services and goods.
Elucidate types of unemployment?
Illustrations of opportunity costs which you might or will have incurred would comprise: (i) severe injuries suffered within an accident since you failed to buckle up. (ii) the income you could earn when you were not in school. (iii) time spent studyi
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By the perspective of nowadays academic standards, Adam Smith must have more evidently acknowledged that several the analyses and insights for that he took credit within his Wealth of Nations had really been gleaned from the writings
9. The following table shows annual sales data for Stuff Happens, Inc., over the ten-year 1998-2008 period: Year Sales ($ Millions) 1998 $2.0 1999 2.2 2000 2.4 2001 2.6 2002 2.8 2003 3.0 2004 3.2 2005 3.5 2006 3.8 2007 4.1 2008 4.3 A. Calculate the 1998-2008 growth rate in sales using
Give a brief introduction of the term Risk factor?
Explain determining the types of the various products that will be produced?
Elucidate the various trade which enacted by governments?
Describe four important areas to emphasize Expenditures?
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