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- What are the key taxes levied which can be collected by state, territory, and local government in Australia? How is GST revenue shared with the states and territories?31 - What is the difference between foreign sales revenues and foreign purchase expenses called?A) ExportB) Budget deficitC) Current Account DeficitD) foreign trade deficitE) Net exports2. Personal income and expenditures data There are various categories people spend their personal income on which include goods, services, and taxes. Specifically, in the United States, the second largest category personal income is spent on is
- Please sir provide the answer of last part of the question (part-d)Within the circular flow of income, withdrawals are composed ofA) saving, net taxes and import expenditure.B) consumption, net taxes and import expenditure.C) saving, net taxes and export expenditure.D) saving, investment and import expenditure.Jse the following information to answer the next 5 questions. Year 2008 2018 Nominal Debt 150 500 Nominal GDP 1,000 2,500 Price Level/GDP Deflator 150 200 Assuming that the interest rate on the debt is 5%, what is the annual interest payment on the debt in 2018? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a 15 b -5 C 10 d 25
- What are the differences between national income, personal income, and disposable personal income? Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.Question 4Select the information you need from the following figures and calculate the nationalincome for the year shown:Government Spending R18 000Depreciation R6 000Investment spending R35 000Net foreign spending R12 000Indirect taxes R14 500Net factor payments (R4 000)Consumer spending R30 000Subsidies R4 00016) If households pay $1,000 in interest payments and receive $1,200 in interest, wages equal S8,000, rental receipts on land are $200, total business profits before taxes are $2,200, depreciation is $1,750, and indirect business taxes are $1,000, then gross domestic income is A) S15,350. B) S13,350. C) $13,150. D) S11,400.
- 4) Mitsven Surfboard Inc. is a company in San Diego that shapes and sells surfboards. In 2018 their accounts were as follows: total revenues $150,000; cost of inputs $75,000; wages paid to employees $35,000; profits to owner $25,000, taxes paid by company $5,000. The building and the equipment used for production are property of the company, and no new building or new equipment was purchased in 2018. The value added produced by Mitsven Surfboard Inc. in 2018 was A. $150,000 B. $75,000 C. $65,000 D. $10,000 Answer: 5) Consider the accounts of Mitsven Surfboard Inc. described in question 4). Applying the income approach to GDP that we have studied in class, the depreciation (or consumption) of fixed capital for the company in 2018 was A. Zero. B. $10,000 C. $65,000. D. $75,000 Answer:Jse the following information to answer the next 5 questions. Year 2008 2018 Nominal Debt 150 500 Nominal GDP 1,000 2,500 Price Level/GDP Deflator 150 200 The debt-to-GDP ratio in 2008 was_ and in 2018 was Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. 0.15 ; 0.20 a b 0.30 ; 0.40 0.19; 0.38 d 0.10 ; 0.30A lumber company purchased a tract of timber for $70,000. The value of the 25,000 trees on the tract was established to be $50,000. The value of the land was established to be $20,000. In the first year of operation, the lumber company cut down 5,000 trees. What was the depletion allowance for this year?
