Homework Answers
The correct answer is Do not burden the generations that must make them.
Debt services is the amount of money required to make payments on the principal and interest on outstanding loans which is taken by previous generation. So it means that debt services payment are the burden for next/ future generations.
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Debt service payments by the government: Multiple Choice are used to purchase goods and services. are...
1. Government transfer payments are: Multiple Choice a. included in GDP under the personal consumption of...
1. Government transfer payments are: Multiple Choice a. included in GDP under the personal consumption of the recipient. b. not included in GDP since the recipient will use the funds to purchase final goods and services. c. included in GDP to account for the tax revenue that is generated to pay for them. d. included in GDP under government spending. 2. The purchase of a new television produced in Japan will be included in GDP as: Multiple Choice a. an...
The four components of aggregate expenditure are Multiple Choice spending on domestic goods, domestic services, foreign...
The four components of aggregate expenditure are Multiple Choice spending on domestic goods, domestic services, foreign goods, and foreign services. spending on durable goods, inventory investment, government debt, and net exports. consumption, investment, government transfers, and net interest. consumption, investment, government purchases, and net exports.
Debt service expenditures for interest are: Multiple Choice Accrued. Recorded when due but may be accrued...
Debt service expenditures for interest are: Multiple Choice Accrued. Recorded when due but may be accrued at year end if the debt service due date is less than 60 days after year. Recorded when due but may be accrued at year end if the debt service due date is less than 30 days after year end. Reported only in the government-wide statements.
Which of the following is correct with respect to Debt Service Funds? Multiple Choice Debt service...
Which of the following is correct with respect to Debt Service Funds? Multiple Choice Debt service funds account for and report finencial resources that are restricted, committed or assigned to expenditure for principle and interest for al governmental long-term debt Debt service funds must acerue interest on long term debt at yeer end. Debt service funds account for end repon finencial resources that are restricted, commimed or assigned to expenditure for principle and interest for governmental debts except debt of...
Cash flows from investing activities do not include cash payments to: Multiple Choice purchase securities of...
Cash flows from investing activities do not include cash payments to: Multiple Choice purchase securities of another company. buy land. repay debt. acquire equipment. Which of the following causes a change in cash? Multiple Choice Accrual of interest payable. Write-off of an uncollectible account. Payment of a cash dividend declared in the previous fiscal year. Recording of depreciation expense.
The income approach to measuring GDP Multiple Choice uses the payments paid to the four resources...
The income approach to measuring GDP Multiple Choice uses the payments paid to the four resources used to produce goods and services to estimate GDP focuses on how income is spent Oo oo adds up all household expenditures to calculate aggregate income and GDP ignores how income is earned and focuses instead on how it is used
19. Which of the following is included in government expenditures when measuring GDP? A) Social Security...
19. Which of the following is included in government expenditures when measuring GDP? A) Social Security payments B) unemployment compensation payments C) pension payment made to past presidents D) the current president's salary 20. Transfer payments A) are included in the government expenditure category in gross domestic product. B) refer to all payments made to households by governments. C) refer to payments made by the government that are not made to purchase a good or service. D) are made by...
Time Remaining: 1:49:44 Hide Show Time Remaining Part 1 of 2 - Multiple Choice Select the...
Time Remaining: 1:49:44 Hide Show Time Remaining Part 1 of 2 - Multiple Choice Select the ONE alternative that best completes the statement or answers the question Question 9 of 30 1 Points Which of the following statements regarding the Harmonized Sales Tax (HST) is true? A. The net HST Collected (HST Payable less HST Recoverable) is remitted to the federal government on a yearly, quarterly, or monthly basis. B. Sellers of HST taxable goods & services can claim an...
[Para. 4-a-10]Invoices for some of goods and services ordered in transaction 4-a-3 were received and vouchered...
[Para. 4-a-10]Invoices for some of goods and services ordered in transaction 4-a-3 were received and vouchered for later payment. (Select “Elimination” in the drop down [Transaction Description] menu in the Detail Journal): Actual Estimated General Government $ 395,940 $ 394,060 Public Safety 1,086,650 1,088,600 Public Works 922,300 927,620 Health and Welfare 661,200 663,600 Culture and Recreation 593,750 597,000 Miscellaneous 138,000 138,000 ...
In the expenditures approach of national income accounting, C, Ig and G include expenditures for Multiple...
In the expenditures approach of national income accounting, C, Ig and G include expenditures for Multiple Choice domestically produced goods and services only. exported goods and services. domestically produced as well as imported goods and services the private sector of the economy only. <Prev 14 of 50 Ned> 000 FA @ $ A & 3 4 5 E R T Y U O CO Value added by a firm is the market value of the firm's output minus the Multiple...
The four components of aggregate expenditure are Multiple Choice spending on domestic goods, domestic services, foreign goods, and foreign services. spending on durable goods, inventory investment, government debt, and net exports. consumption, investment, government transfers, and net interest. consumption, investment, government purchases, and net exports.
Which of the following is correct with respect to Debt Service Funds? Multiple Choice Debt service funds account for and report finencial resources that are restricted, committed or assigned to expenditure for principle and interest for al governmental long-term debt Debt service funds must acerue interest on long term debt at yeer end. Debt service funds account for end repon finencial resources that are restricted, commimed or assigned to expenditure for principle and interest for governmental debts except debt of...
The income approach to measuring GDP Multiple Choice uses the payments paid to the four resources used to produce goods and services to estimate GDP focuses on how income is spent Oo oo adds up all household expenditures to calculate aggregate income and GDP ignores how income is earned and focuses instead on how it is used
19. Which of the following is included in government expenditures when measuring GDP? A) Social Security payments B) unemployment compensation payments C) pension payment made to past presidents D) the current president's salary 20. Transfer payments A) are included in the government expenditure category in gross domestic product. B) refer to all payments made to households by governments. C) refer to payments made by the government that are not made to purchase a good or service. D) are made by...
Time Remaining: 1:49:44 Hide Show Time Remaining Part 1 of 2 - Multiple Choice Select the ONE alternative that best completes the statement or answers the question Question 9 of 30 1 Points Which of the following statements regarding the Harmonized Sales Tax (HST) is true? A. The net HST Collected (HST Payable less HST Recoverable) is remitted to the federal government on a yearly, quarterly, or monthly basis. B. Sellers of HST taxable goods & services can claim an...
In the expenditures approach of national income accounting, C, Ig and G include expenditures for Multiple Choice domestically produced goods and services only. exported goods and services. domestically produced as well as imported goods and services the private sector of the economy only. <Prev 14 of 50 Ned> 000 FA @ $ A & 3 4 5 E R T Y U O CO Value added by a firm is the market value of the firm's output minus the Multiple...
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