Suppose the federal government cuts taxes and increases spending, raising the budget deficit to 11 percent of GDP. If nominal GDP is rising 4 percent per year, such budget deficits sustainable forever. True or False: If budget deficits of this size are maintained for 20 years, future generations will likely pay roughly equal taxes. True False

What would happen to the equilibrium price and quantity of lattés if the cost to produce steamed milk

For the year ended december 31, a company has revenues of $323,000 and expenses of $199,000. the company paid $52,400 in dividends during the year. the balance in the retained earnings account before closing is $87,000. which of the following entries would be used to close the dividends account?

Sauer food company has decided to buy a new computer system with an expected life of three years. the cost is $440,000. the company can borrow $440,000 for three years at 14 percent annual interest or for one year at 12 percent annual interest. assume interest is paid in full at the end of each year. a. how much would sauer food company save in interest over the three-year life of the computer system if the one-year loan is utilized and the loan is rolled over (reborrowed) each year at the same 12 percent rate? compare this to the 14 percent three-year loan.