A higher level of national income is bad from a current account point of view Select one : True Or False

Q: What do you think is the reason why governments grants "exclusion from the gross income

A: Possible reasons why government grants exclusions from gross income can be as follows.  1) To…

Q: Explain the multiplier effect by analysing how a typical consumer would react to this  tax cut and…

A: Fiscal multipliers measure the impact of discretionary fiscal policy on output of the economy.They…

Q: Which of the following historical reasons for accounting diversity could explain why accounting…

A: Reasons For Accounting Diversity Legal System.  Taxation. Inflation.  Providers of Accounting and…

Q: A Higher business tax will (Please select the best choice) (A) increase inflation (B) decrease…

A: Inflation refers to the rise in price levels of products or services. It generally happens if the…

Q: Explain very briefly what you understand from income effect and substitution effects of change in…

A: The effect of income tax rates in terms of income effect and substitution effect is explained as…

Q: Why do U.S. companies keep using LIFO while IFRS prohibits it? a. LIFO provides a more realistic…

A: Last in, first-out (LIFO) seems to be an inventory accounting system that registers the most recent…

Q: The primary financial market does not ensure the collection of saved income from holders of…

A: Fresh stocks and bonds are issued to the public for the first time on the primary market. Investors…

Q: 4. What is the net effect of the above errors in the 2021 net income? (If understated, put a…

A: Income statement shows the net income or loss that is calculated by deducting the expenses from the…

Q: Consider the economic debates about either 1) the effects of immigration on wages in receiving areas…

A: Economic theory predicts impacts on local worker employment and wages, United States deal with other…

Q: Which of the following is not an income for income tax purposes?

A: Assuming the question related to tax in Phillipines ---…

Q: Financial thought turned to the theory of social solidarity - due to the failure of the social…

A: The given statement is True

Q: Tax experts believes that tax planning tools puts the control of when to pay in the hands of…

A: Introduction Tax Planning is an act of arranging and managing transactions in such a way that, tax…

Q: 1. Which of the following is not considered a purpose of taxation? a. To regulate inflation b. To…

A: Hi student Since there are multiple questions, we will answer only first question. Taxes are the…

Q: Property and income taxes are more popular than sales taxes and user charges? True or False

A: Taxes are the fees charged by the government to collect revenue and run the country. The money…

Q: Which of the following historical reasons for accounting diversity could explain why accounting…

A: Accounting diversity: Countries across the world use different financial reporting practices. The…

Q: Short run vs. Long Run a.Why on the long run, fiscal and monetary policies are not effective?

A: Short Run: This refers to the factor of production where capital is fixed. The time period in such a…

Q: Suppose the Tax Code is "Percetage Tax - 3% of Sales", the presented income statement is correct.…

A: False, with regard to date, since December 31, 2022 has not yet arrived, so income statement upto…

Q: The Gini coefficient is a measure of the distribution of income across a population. The Gini…

A: Gini coefficient: Gini coefficients can be utilized to quantify the convergence of any conveyance,…

Q: What does the Miller model with personal and corporate taxes implyabout value relative to the MM…

A: Answer: The Modigliani and miller approach states that, aside from the risk inherent in the project,…

Q: EBITD is equivalent to profits after taxes. true or false?

A: EBITDA is the earnings before interest tax depreciation and amortization.

Q: Based on the information in the tables , which one is the correct Gini coefficient of income…

A: Representing the degree of income inequality in a country graphically is called Lorenz curve. Gini…

Q: What are the important key points of income taxes PAS 12, Earning Per Share PAS 33 and Reporting in…

A: International Accounting Standards are the accounting standards which are issued by the…

Q: Wealth maximization does not take into account the timing of earnings, while Profit maximization…

A: Wealth maximization means maximization of market price of share whereas profit maximization is…

Q: ries which has low rate of tax collection, what will be its e

A: Tax collection are the important source of income for any government and government spending depends…

Q: Is it a good strategy to tax Lower income groups more as compared to higher income groups to remove…

A: Income distribution refers to the term which is defined as how the aggregate income of nation is…

Q: What are two monetary policies that could be implemented by the central bank which would have the…

A: Federal bank achieve of economic growth by monetary policy by increasing or decreasing money supply.

Q: Are there unofficial measurements of income earning

A: In the accounting world, non-GAAP (Generally Accepted Accounting Principles) measurements are called…

Q: The Modified Accelerated Cost Recovery System (MACRS) is part of the U.S. federal income tax laws…

A: MACRS stands for Modified Accelerated Cost Recovery System. For the purpose of tax, MACRS…

Q: fiscal

A: Introduction: Tax can be defined as mandatory levy by the government on the citizens of the country.…

Q: Which of the following historical reasons for accounting diversity could explain why accounting…

A: Definition:   Accounting diversity: Countries across the world use different financial reporting…

Q: National Income measures are not good measures of development." What are your opinions about this…

A: There are certain limitations that is associated with measurement of National income as National…

Q: We tax net income? What economic distortions would occur if we taxed gross receipts?

A: Gross income is the income to the company or an individual after operating activities or providing…

Q: Country differences, such as differences in the risk-free interest rate and differences in risk…

A: Risk-Free Rate of Return: The theoretical rate of return on investment with zero risk is known as…

Q: EBIT is equivalent to profits after taxes. true or false?

A: EBIT is the earnings before interest and tax.

Q: Which of the following statements about the GINI index is FALSE? O a. Ranges from 0 to 100 O b. Is…

A: GINI index implies that the higher the GINI index, the higher would be the inequality. So, 100…

Q: Briefly describe the income impact and substitution effect of changes in income tax rates (you do…

A: The question describes the income impact and substitution effect of changes in income tax rates:

Q: RUE OR FALSE? In computing for the comprehensive income, the translation loss on foreign operation…

A: solution concept Other comprehensive income The following shall form part of other comprehensive…

Q: hich of the following is leakages from the circular flow in a closed economy?   a. household…

A: Leakage is usually used in relation to a particular depiction of the flow of income within a system,…

Q: True/ False. The International Fisher effect states that the real rates are equal across countries.…

A: The assumption of the International Fisher effect is the real rates are equal across the countries.…

Q: What is the difference between tax rates and tax rate structures? How does this notion of…

A: Income tax payable is an obligation for the tax payers to the government on the taxable income.…

Q: Which of the following is true about Accumulated Other Comprehensive Income (AOCI)? (check all that…

A: AOCI: It consists of the items which do not form part of the incomes or expenses and those not…

Balance of Payments

BOP is categorized into the following three components: