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What is the total amount of money a firm receives by selling goods or services called?
total revenue
The amount of money that a firm pays to buy inputs is called?
Total cost
What is The total amount of money a business takes in during a given period by selling goods and services is called?
Revenue
Why is money made and destroyed?
It's destroyed because it's worn out, and new is made to replace it. The total amount of money that's in the system has to remain about the same, as the value is linked to how much there is. If a government would simply print more money the value of it would decrease.
Is budget deficit a type of budget?
A budget deficit is one element of some budgets but is not a "type" of budget. You may be thinking of a "deficit budget" (see below). To start: a budget is simply a spending plan - how much the government is going to spend over the next budget period (often a year), and on what. This includes interest the government has to spend on money it has previously borrowed (usually through bonds). If the total to be spent is expected to exceed what the government expects to take in (usually through taxes), the difference is the deficit, often called the "budget deficit". On the other hand, if the government expects to take in more money than it spends, the difference is a surplus, called the budget surplus. A budget that has a deficit is a "deficit budget"; one that has a surplus is called a "surplus budget"; and one that has neither (that is, spending and income are equal) is called a "balanced budget". It's worth noting that "deficit" and "debt" are not the same. The deficit is the amount by which the government overspends its income in a single budgetary period, typically a year. The debt is the total amount of money the government owes, and can be calculated by adding up all the budget deficits and surpluses the government has ever run.
What is the interest and the total amount of money that the US government has borrowed known as?
The National Debt
The amount of money borrow is called the?
Principal is the amount of money you borrow. Interest is the fee charged by the lender (or bank) to use their money. The total amount of money you pay back is the principle + interest.
What is the total amount of money a firm receives by selling goods or services called?
total revenue
What is the total amount of money firm receives by selling goods or services called?
total revenue
The amount of money that a firm pays to buy inputs is called?
Total cost
Define national debt?
the total amount of money that a country's central government has borrowed and is not still paid.
What is tax credit?
a sum deducted from the total amount a taxpayer owes to the state ; An amount of money that a taxpayer is able to subtract from the amount of tax that they owe to the government.
What is total earning?
The amount of money earned after subtracting expenses. Also called profit.
If the government is out of money why cant they just print up more?
Because that causes inflation which lowers the value of the money and you end up with the same or lower total amount of value for your money.
The total number of borrowed money the federal government has yet to pay back is called?
national dept
What explains how revenue is determined?
The total amount of money brought in by sales.
The total amount that a nation's government owes is called?
Debt. The amount the government spends, above and beyond incoming revenue is called a deficit. The accumulated annual deficit spending plus interest is the debt.
