In 2020, the government's tax revenue fell sharply as a result of the pandemic, and the government authorized trillions of dollars in new spending to provide pandemic relief. As a result, what happened to the federal budget deficit and the national debt in 2020? Choose the best answer. A. The federal budget deficit and the national debt both became more negative. B. The federal budget defcit grew larger (more negative), so the national debt fell in 2020. C. The federal budget deficit grew much larger (more negative), and the national debt also grew much larger. D. The federal budget deficit and the national debt both became smaller (but both were still positive).

Answers

Answer 1

In 2020, the government's tax revenue fell sharply as a result of the pandemic, and the government authorized trillions of dollars in new spending to provide pandemic relief.

As a result, the federal budget deficit grew much larger (more negative), and the national debt also grew much larger. The federal budget deficit grew much larger (more negative), and the national debt also grew much larger in 2020. The government's tax revenue fell sharply due to the pandemic, and the government authorized trillions of dollars in new spending to provide pandemic relief. This caused the federal budget deficit to grow much larger, as the government was spending more money than it was receiving in revenue. As a result, the national debt also grew much larger, as the government had to borrow more money to finance the deficit.

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Related Questions

Why don't more people save for the future?
Which reasons can be fixed by having a money plan?

Answers

Answer:

Explanation:

Lots of people like to focus in today, which is fun but can mean bad things in the future. If you save for the future you can be prepared or not overwelled if a surprise bill or extra money is needed.

Elizabeth and Niko are very organized and do an excellent job organizing their personal financial records. How will this BEST help them when they file their taxes?

Answers

Answer:

They will get faster responses.

shop its made by me clothing! 25% off every purchase for limited time!! shop now!

Answers

Ok I will shop there

Elizabeth works for a local restaurant at the end of her shift she is required to write in the time that you arrive in the time she is leaving so that she can be paid appropriately today Elizabeth was 15 minutes late for work what would be the most ethical thing for Elizabeth to do

Answers

Answer:

Elizabeth would have to write the time she came in. If she lies, she's indirectly robbing the restaurant of it's money.

Explanation:

Discuss the best way to receive constructive criticism from a superior.

Answers

Answer:

Stop Your First Reaction. ... Remember the Benefit of Getting Feedback. ... Listen for Understanding. ... Say Thank You. ...

Explanation:

When comparing a Variable Rate Demand Obligation (VRDO) to an Auction Rate Security (ARS), which statement is FALSE?

Answers

Answer:

Both have tender options.

Explanation:

Variable rate demand obligation and Auction rate securities both are long term bonds which have interest rate that reset weekly or monthly.  This advantages the issuer with lower short term rates despite of long term security. Both of these securities are subject to credit risk of the issuer and they are marketed by broker dealers.

supporters of globalization believe that tougher environmental regulations and stricter labor standards are a natural aspect of economic progress. t or f

Answers

True, supporters of globalization believe that tougher environmental regulations and stricter labor standards are a natural aspect of economic progress.

What kind of economic globalization is it?

Economic globalization is the term used to describe the rising interdependence of world economies as a result of the expanding size of cross-border trade in goods and services, the movement of capital internationally, and the wide-spread and quick adoption of technology.

What impact is globalization having on the current economic climate?

Globalization generally lowers the cost of manufacturing. This enables businesses to provide consumers with items at a lesser cost.

                             Increases in the level of life are largely influenced by the average cost of commodities. The range of products available to consumers has likewise increased.

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Faiz would like to illustrate the commission savings delivered by a payment app compared with a credit card. He decides to use a company that has a monthly sales volume of $50,000 delivered over 100 equal transactions. From the information available, what is the difference between the payment app with the lowest charge, compared with a credit card charge?


(A) $575

(B) $1200

(C) $1050

(D) $480

(E) $1237

Answers

Full question(find attached) :

Faiz would like to illustrate the commission savings delivered by a payment app compared with a credit card. He decides to use a company that has a monthly sales volume of $50,000 delivered over 100 equal transactions.

From the information available, what is the difference between the payment app with the lowest charge, compared with a credit card charge?

A) $575

B) $1200

C) $1050

D) $480

E) $1237

Answer and Explanation:

Credit card processing firms charge an average of 3.5% and a flat fee of about 20 cents so we would make our comparison on this basis:

Since Faiz decides to use a company that has a monthly sales volume of $50,000 delivered over 100 equal transactions

The customer would pay $50000/100= $500 per instalment

Given the information I'm the table from question Instant wallet charges 3.5% +$0.20 for transactions lower than $1500

= 0.035*$500+$0.20=17.5+0.20=$17.7

An average credit card processing firms would charge :

0.035*500+$0.35=17.5+0.35= $17.85

Therefore instant wallet is cheaper and would save a customer =$17.85-17.7= $0.15

Faiz would like to illustrate the commission savings delivered by a payment app compared with a credit

to ________, lance, an hr manager, shares his company’s job openings on social media and online job postings.

Answers

Answer: Recruit from outside the organization

Explanation:

To Recruit from outside the organization, lance, a hr manager, shares his company’s job openings on social media and online job postings.

What is online job postings?


Job posts, also referred to as job advertising, are the main way that businesses find new employees to fill open positions. Historically, newspaper classifieds were a common place for employment advertisements. Nowadays, job advertisements are frequently posted online.

An external advertisement of your open position with the goal of attracting candidates is known as a job posting. It is written in an enticing style and includes details about the employment opportunity as well as your business and the perks you provide.

Therefore, it's crucial to quickly locate and hire the ideal candidates if you want your organization to succeed. Employers who know how to attract top talent understand the importance of the job advertisement. If candidates aren't compelled to apply by your job posting,

Thus, To Recruit from outside the organization

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Proshopper, a sportswear store, held an average sportswear inventory of $10 million last year and reported an inventory turnover of 5 times per year. what was its cost of goods sold

Answers

The inventory turnover formula is about dividing the cost of goods sold by the average inventory. In this case, we have to find the cost of goods sold is calculated as $50.

What is the Inventory turnover ratio?

Inventory turnover suggests the rate at which an organization sells and replaces its inventory of products throughout a specific period. The stock turnover ratio method is the value of products offered divided via way of means of the average stock for the identical period.

As per the information, the Average inventory is $10

Inventory turnover ratio - 5 times

As per the formula of inventory turnover ratio,

\(\rm\,Inventory\, Turnover \,Ratio = \dfrac{Cost \, of \, Goods\, Sold }{Average\, Inventory}\\\\ \\ 5 = \dfrac{Cost \, of \, Goods\, Sold }{\$10}\\\\\\Cost \, of \, Goods\, Sold = \$50\)

Hence, the cost of goods sold with the help of the inventory turnover ratio is equal to $50.

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1. What is the attitude banks have toward being required to become members of the Federal Reserve System?

Answers

Answer:

The attitude banks have toward being required to become members of the Federal Reserve System is explained below in details.

Explanation:

Any country chartered bank (mutual or stock-formed) may enhance a segment of the Federal Reserve System. The twelve geographical Reserve Banks conduct state affiliate banks as members of the Federal Reserve System's commission to guarantee strength and endurance in the nation's indigenous businesses and banking system.

china has been accused of prohibiting u.s. companies that offer cloud computing from offering their services in china. which argument best explains this? multiple choice china would like to develop a superior technology to cloud computing. chinese firms in the cloud computing industry are more competitive than u.s. companies. china wants to protect its firms from their more competitive u.s. rivals. china is hoping to limit the use of cloud computing in china. chinese firms in cloud computing offer more services than american firms.

Answers

The answer is China wants to protect its firms from U.S. rivals, This argument  best explains of Why China has been accused of prohibiting U.S. companies that offer cloud computing from offering their services in China.

What is a succinct definition of a company?

A company is a type of business organization that exists independently of its owners in law. It is a sophisticated organizational structure with higher setup and administrative costs because to increased reporting requirements.

What separates a firm from a business?

A "company" is another term for a firm. It is a blanket phrase that covers all different types of commercial enterprises. Having said that, enterprises comprise essential elements that, in contrast to firms, aren't thought of as separate legal entities. For instance, a sole proprietorship is not a separate legal entity.

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The answer is China wants to protect its firms from U.S. rivals, This argument  best explains of Why China has been accused of prohibiting U.S. companies that offer cloud computing from offering their services in China.

What is a succinct definition of a company?

A company is a type of business organization that exists independently of its owners in law. It is a sophisticated organizational structure with higher setup and administrative costs because to increased reporting requirements.

What separates a firm from a business?

A "company" is another term for a firm. It is a blanket phrase that covers all different types of commercial enterprises. Having said that, enterprises comprise essential elements that, in contrast to firms, aren't thought of as separate legal entities. For instance, a sole proprietorship is not a separate legal entity.

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Jill wants to start her own business, but knows little about how to set up an accounting system or interpret financial information. "I'm not worried about accounting," she tells her friends. "I'll just hire a part-time bookkeeper to handle all that type of stuff, and focus my attention on what I like—finding ways to satisfy my customers." Which of the following is the best response to Jill's comments?A. Fine. Just make sure the bookkeeper you hire knows how to use a database, since this type of software is the heart of any efficient accounting system. B. Although you can hire someone to keep your books, you'll still need to know how to read, understand, and interpret basic accounting reports in order to make good business decisions. C. Most entrepreneurs would agree with your opinion. The work done by accountants is mainly clerical in nature, so time spent by business owners on accounting tends to take them away from more important tasks. D. You have a good plan. Only managers of large firms require knowledge of accounting. Owners and managers of small businesses can easily get by with just a part-time bookkeeper.

Answers

Answer:

B. Although you can hire someone to keep your books, you'll still need to know how to read, understand, and interpret basic accounting reports in order to make good business decisions

Explanation:

You may employ someone to manage the accounts, but you do need to know how to read, understand, and interpret simple reports of accounting to make sound business decisions, as well as understanding whether someone is committing fraud with you. A simple knowledge can help with all of this.

The smooth operation of a company is practically impossible without being able to interpret, comprehend and evaluate accounting reports and financial statements.

Therefore according to the given situation, the correct answer is b

Why would anyone in their right mind buy a brand new car in the spring when they know that the new car models will appear in late summer and early fall and the dealers will use

Answers

Answer:

Hehehe LOL I don't know! Is that like a question is is that just a question that you were windering? LOL

To determine living standards for the average person, we calculate a. the inflation rate. b. the unemployment rate.c. the average level of prices. d. real per capita gross domestic product (GDP). e. GDP deflator

Answers

To determine living standards for the average person, we calculate the real per capita gross domestic product (GDP). Living standards refer to the quality of life experienced by individuals in a society, which can be influenced by factors such as income, access to goods and services, and overall economic wellbeing. Real per capita GDP is a measure of the average economic output per person, adjusted for inflation. By using real per capita GDP, we can assess how economic growth is translating into improved living conditions for individuals.

Inflation rate and unemployment rate are important indicators of economic health, but they do not directly measure living standards. The inflation rate refers to the rate at which the general level of prices for goods and services is rising, which can affect purchasing power and the cost of living. A high inflation rate may reduce living standards if wages do not keep pace with increasing prices.

The unemployment rate measures the percentage of the labor force that is unemployed and actively seeking work. A high unemployment rate can have negative effects on living standards, as it may lead to reduced income, lower consumption, and diminished economic opportunities. However, it is important to consider other factors, such as underemployment and job quality, when assessing the impact of unemployment on living standards.

In conclusion, to determine living standards for the average person, we calculate real per capita GDP, which provides a more comprehensive view of individual wellbeing in an economy compared to the inflation rate or unemployment rate alone.

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I need help with all those questions

I need help with all those questions

Answers

I can’t read that try typing them all out:)

risk that is common to all assets of a certain type is referred to as question content area bottom part 1 a. unsystematic risk b. idiosyncratic risk

Answers

Question content region bottom part: Systematic risk is risk that is common to all assets of a specific sort.

What do you mean assets?

A resource having economic worth that a person, business, or nation holds or administers with the hope that it will a day be valuable is known as an asset. The balance sheet of a business contains a list of assets. They are divided into four categories: tangible, present, fixed, and financial. If you can sell your possessions for money, they are your assets. In accounting, every resource that a corporation controls or owns is referred to as an asset. Everything that can be sold for money is acceptable. The assets and liabilities listed on a balance sheet can be used to calculate the equity value.

Why are assets important in accounting?

In other words, the ability to create income or transform an item into cash makes it value. They could be tangible items like machinery or intangible items like intellectual property. One of a company's most important financial statements, the balance sheet, lists assets. Assets generate value and increase equity while liabilities lower both in your company. The better your company's financial condition, the more assets you have in comparison to liabilities.

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The complete question is:

Risk that is common to all assets of a certain type is referred to as

A.unsystematic risk. B.structural risk. C. idiosyncratic risk. D. systematic risk.

What should a consumer consider when deciding whether to purchase a new insurance policy?

A. Whether it has the highest possible deductible compared to other policies

B. Whether it has the highest possible premiums compared to other policies

C. Whether its premiums are worth more than its potential benefits over time

D. Whether its potential benefits are worth more than its premiums over time

Answers

A customer should examine if the prospective benefits outweigh the premiums.

Option D. is correct.

Define insurance.

An insurance policy is a contract in which a person pays a firm money in exchange for the company promising to pay cash if the individual is harmed or dies, or to compensate for the worth of lost or damaged property.

Over time, a customer should examine if the prospective benefits outweigh the premiums.

Option D. is correct.

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If the normalization of trade relations between the U.S. and Cuba legalizes the sale of Cuban cigars in our country, it would:
a. increase equilibrium price and decrease equilibrium quantity for Cuban cigars.
b. decrease equilibrium price and increase equilibrium quantity for Cuban cigars.
c. increase both the equilibrium price and quantity for Cuban cigars.
d. decrease both the equilibrium price and quantity for Cuban cigars.

Answers

If the normalization of trade relations between the U.S. and Cuba legalizes the sale of Cuban cigars in the U.S., it would:
b. decrease equilibrium price and increase equilibrium quantity for Cuban cigars.
This is because the supply of Cuban cigars would increase as they become legally available, leading to a lower price and higher quantity demanded by consumers in the U.S. market.

If the normalization of trade relations between the U.S. and Cuba legalizes the sale of Cuban cigars in our country, it would likely result in an increase in equilibrium quantity for Cuban cigars, but the effect on equilibrium price is less clear. Initially, the removal of the U.S. embargo on Cuban cigars would increase demand for them, which could drive up prices. However, over time, increased competition and greater supply could lead to lower prices. Therefore, it is possible that both options a and b could be valid depending on the specific market conditions that develop. However, it is unlikely that legalization would result in a decrease in both equilibrium price and quantity for Cuban cigars.

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Which of the following describes business-to-business (B2B) e-commerce purchases? Group of answer choices Customers bid on items being sold by other customers. Pricing can vary for each customer. Customers can pick up the purchased item in a physical store. The consumer is the decision maker.

Answers

Answer:

Pricing can vary for each customer.

Explanation:

Under the B2B, the manufacturer sells its products directly to other businesses such as wholesalers or retailers and not the end consumers.

Hence, pricing can vary for each customer in a business-to-business (B2B) e-commerce purchases because companies that are engaged in B2B are able to improve their performance and cut down the costs of procurement for goods and services.

Business to business (B2B) markets differ from Business to consumers (B2C) markets because salespeople personally call on business customers to a far greater extent than they do consumers.

which statement is most true? which statement is most true? no difference exists between products and services services are intangible quality is more important in service marketing than in product marketing settings service are knowledge-based all of the above

Answers

There is no distinction between goods and services. Since services are immaterial, service marketing environments place a greater emphasis on quality than those that promote products. All of the aforementioned are knowledge-based services. Everything said is true.

There is no distinction between goods and services: Although services and products are frequently conceived of as being separate, there is frequently a substantial overlap between the two.

Intangible services include: Services are ethereal and cannot be held or felt, in contrast to physical items, which have a tangible form that can be handled and seen. Because of this, evaluating and comparing them to other possibilities may be more challenging.

In comparison to product marketing, service marketing places a greater emphasis on quality: The quality of the service is frequently more significant to the client than it is for a physical product since services are intangible and cannot be assessed prior to being consumed.

Knowledge-based settings exist in services: Numerous services are offered in a particular physical setting, such as a restaurant, hotel, or retail space. Because they are the locations where the service is created and used, these locations are sometimes referred to as "service factories."

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Explain how a consumer’s place of residence has an especially large impact on their purchase of sports and entertainment commodities.

please and thank you :)

Answers

Answer:

Concept: Business digression

Lets assume you live in Los Angeles CALA houses the Lakers, dodgers, and so many more big brand teams.A consumer which is defined as any person in a free and open market to openly trade their wealth and income in return for an item or service.Residence defined as the area that surrounded the immediate perimeter of the said consumer.Hence, by the principle of socialization people are more inclined to buy sports gear to represent their teams and inclined to participate in consumer purchases based on their peers.It becomes the "lifestyle" and "ideal" personalities in a place such as LA and this inherently drives up sales of sports and entertainment commodities.The location, or residence directly exposes the consumer to the products in a market where it "hot" and in style/demand.Rate brainlist & give positive feedback.

Businesses are usually interested in promoting growth because it:
A. expands the frontier on their production possibilities curves.
B. weakens productivity for competing businesses.
C. reduces their need to pay a large staff of employees.
D. creates additional marketing value without extra investment.

Answers

Answer: A - expands the frontier on their production possibilities curves

Explanation:

It was correct when checked

Businesses are usually interested in promoting growth because it expands the frontier on their production possibilities curve. Hence, option A holds true regarding business growth.

What is business growth?

An expansion in the scope of business, which gives business an opportunity to improve the productivity and increase the sales exponentially, ultimately leading to increased profitability, is known as business growth.

Increased productivity at a constant rate enables a business to assume expanding its production capacities on the production possibilities curve, which can be determined through graphical representation.

Hence, option A holds true regarding the business growth.

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Which best describes inserting a table using the Table Gallery?

The user can click on Insert Table.
There are many options on how to include a table.
The user can make a quick selection of the number of rows and columns present.
The user can click to use an Excel spreadsheet.

Answers

Answer:

2

Explanation:

1. The company reported LIFO cost of goods sold of $31,049 million. Calculate the amount that would be reported for cost of goods sold had Caterpillar used the FIFO inventory method for all of its inventory during 2017. 2. Using the cost of goods sold calculated in requirement 1, how much higher (lower) would income before taxes be, if Caterpillar had used the FIFO inventory method for all of its inventory?

Answers

Answer:

Note: The full question is attached as picture below

1. Cost of goods sold = Beginning inventory + Purchase - Ending inventory

If FIFO method is used,then beginning and ending inventory will increase. Increase in beginning inventory will increase the cost of goods sold. Increase in ending inventory will decrease the cost of goods sold.

Cost of goods sold under FIFO = $31049 + $2139 - $1934 = $31,254

2. Cost of goods sold under LIFO = $31049

Cost of goods sold under FIFO = $31254

Increase in cost of goods sold = $31254 - $31049 = $205

Increase in cost of goods sold will decrease the income before taxes

Decrease in income before taxes = $205

1. The company reported LIFO cost of goods sold of $31,049 million. Calculate the amount that would be

What is a disadvantage of using a checking account instead of other types of
accounts?
A. You will likely not have federal protection for your money.
B. You will pay a fee if you make too many transactions.
C. You will generally not receive interest.
D. You will pay a penalty if you withdraw your money.

Answers

B. You will pay fee if you make to many transactions.

Answer:

you will generally not receive interest

Explanation:

took the quiz

All taxpayers can make tax payments using a direct debit from their bank account.

True
False

Answers

Answer:

false

Explanation:

How could government – sponsored grants for the private development of new technologies result in a lower national debt?

Answers

Answer: Making initial development private saves the government from funding all of the research.

Explanation:

A grant refers to an amount of money that is financial assistance thats given by the government or an organization to an individual or firm for a specific purpose. A grant is different from a loan as it isn't meant to be paid back.

Government award grants for the development of technologies, community projects, home insulation etc.

With regards to the question, a government – sponsored grants for the private development of new technologies may result in a lower national debt when the government makes the initial development private thereby saving the government from funding all of the research.

Which describes an individual's net income? (1 point)
O all salaries
O all wages, salaries, and other earnings
O all wages and other earnings minus FICA
O all wages minus all taxes and deductions

Answers

The ideal decision is (b). The total of a person's wages, salaries, and other earnings is their net income.

Tell me about your net income.

Net income for an individual is the amount that they really receive from their paycheck each month as opposed to the gross amount they are paid before payroll deductions. Your net income may be increased by other income sources like Social Security payments, side jobs, or investment income.

What is another name for net income?

Sales are subtracted from cost of products sold, selling, general and administrative expenditures, operating expenses, depreciation, interest, taxes, and other expenses to arrive at net income (NI), also known as net earnings.

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Answer:

1. take-home pay

2. an IRS form used to determine how much federal tax to withhold

3. all wages minus all taxes and deductions

4. -retirement plan contribution

-health insurance

5. all wages, payments, and other earnings

Explanation: Took the test

which of the following is a positive externality

•household waste
•litter on the road
•noise pollution
•bus rides to school

Answers

Answer:

D . BUS RIDES TO SCHOOL

Explanation:

All the others listed are negative externalities.

Bus rides to school is a positive externality

A good or service generates positive externality if it gives benefits that is greater than its cost to third parties that are not involved in its production.

Bus rides to school generates positive externality. This is because it reduces traffic on the roads. This benefits other road users (third parties).

Another example of a product that generates positive externality is research and development. Discovery of a new treatment for a disease benefits the general public.

Household waste, litter on the road  and noise pollution generate a negative externality.

A good has negative externality if the costs to third parties not involved in the activity is greater than the benefits.

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