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If government spending is higher than current government revenue, this is known as...
- A. the public debt.
- B. the budget deficit.
- C. good fiscal management.
- D. money financing.
- E. a deficit on the current account of the balance of payments.
Within the mixed economy, _____________.
- A. households and firms depend on each other to generate their income
- B. both households and firms are directly involved in production
- C. firms generate income from the factor market
- D. households produce factors of production
Gross domestic product (GDP) may be defined as ...
- A. total resource income less taxes, savings and spending on exports.
- B. the market value of all final goods and services produced in a country in a specific year.
- C. the economic value of all economic resources used in the production of a year's output.
- D. the monetary value of all goods and services (final, intermediate and non-market) produced in a given year.
What is the total consumption spending Equation if the saving function is S =-4000 + 0,4Y and autonomous investment spending is 8000
A tax such as vat would generally be viewed as
C= a+by, b= 0.8
what is the value of expenditure multiplies then
Jane earns an income of R10 000 a month and pays R1 500 towards income tax, and when her income increases to R24 000 a month, she now pays R4 200 towards income tax. This is an example of a
Paul lends R10 000 to his friend Steven for one year. They agree that Steven would pay the R10 000 back with 5% interest at the end of the year. If the inflation rate is 6% at the end of the year, which of the following would be true for the real value of the amount that Steven pays back ?
Jane earns an income of R10 000 a month and pays R1 500 towards income tax, and when her income increases to R24 000 a month, she now pays R3 600 towards income tax. This is an example of a?
