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What else can I help you with?
What two quantities does a budget balance?
Income and expenditure.
According to the Multiplier Equation equilibrium income will be equal to the multiplier divided by autonomous expenditures?
Actually it is the change in the equilibrium expenditure divided by the change in autonomous expenditure. That will equal the expenditure multiplier.
What is the aggregate expenditure function in terms of income?
the function that represents total spending in an economy at a given level of real disposable income.
A family spends 85 percent of its monthly income and saves the balance If the family saves 360 dollars per month what is its monthly income?
If the family saves $360, that represents 15 percent of their monthly income (since they spend 85 percent). To find the monthly income, you can set up the equation: 0.15 * Monthly Income = $360. By dividing $360 by 0.15, the monthly income is calculated to be $2,400.
If 85 percent of a monthly income is spent if and 360 dollars remains what was the monthly income?
2,400
Income and Expenditure Account Meaning?
Income - is any money being paid into the business. Expenditure is anything paid out - from a paper-clip to a company car
Is credit income or expenditure?
Credit is neither an income or an expenditure. It becomes an expenditure when you use it. expenditure
What do you mean by income over expenditure or expenditure over income?
income over expenditure is profitexpenditure over income is loss
Why aggregate income is equal to aggregate expenditure?
One man's income is another man's expenditure. The expenditure of buyers on products is, by the rule of accounting, income to the sellers of those products. Every transaction that affects income must affect expenditure. If, for example, a company produces and sells one extra loaf of bread. This transaction will raise total expenditure on bread, but it also has an equal effect on income. If the company produces the extra loaf without hiring any more labour (such as making the production process more efficient), then profit increases. If the company produces the loaf by hiring more labour, then wages increase. In both cases, expenditure and income increase equally.
Why GDP equals aggregate expenditure and aggregate income?
GDP would be the amount of gross income a person or company receives. This would be the amount of income minus the amount of expenditure on things like bills.
What is life assurance fund?
It is the excess revenue income over revenue expenditure for an insurance company.
What is double booking?
Double cash book is a financial book where both the income and expenditure of a company is maintained.
What is the difference between income and expenditure incurred?
Inflow of money is income . Outflow of money is expenditure
What does the income-expenditure identity say about the relationship between income and expenditure?
The income-expenditure identity states that in an economy, total income equals total expenditure. This means that the amount of money earned by individuals and businesses is equal to the amount of money spent on goods and services.
What is between revenue and expenditure?
revenue is income and expenditure is an expense
What is double cash book?
Double cash book is a financial book where both the income and expenditure of a company is maintained.
What is income expenditure?
A statement that records the income and expenditure of an organization such as a charity,whose main purpose is not the generation of profit.
