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Why do the demand and marginal revenue curves coincide?
Because in Pure Competition, Demand equals Price, and Price equals Marginal Revenue;hence, Demand equals Marginal revenue.
What is an example of state spending?
Hospitals, Intergovermental revenue, welfare.
What is the yearly amount by which federal spending exceeds revenue?
budget deficit.
What is theDifference between fiscal deficit and revenue deficit?
when the expenditure is more then the revenue.it means that your spending is more then the amount which you have[revenue]
Marginal revenue equals?
marginal cost of production
Why do the demand and marginal revenue curves coincide?
Because in Pure Competition, Demand equals Price, and Price equals Marginal Revenue;hence, Demand equals Marginal revenue.
What differentiates capital expenditure from revenue expenditure?
Capital expenditure is spending from your savings (eg buying a house), Revenue expenditure is spending from your wages (eg buying a beer).
What is an example of state spending?
Hospitals, Intergovermental revenue, welfare.
What is revenue spending?
It's a day to day spending of the entity. (e. g. rent, wages in case of a companie)
Is it true that a loss occurs when your revenue exceeds your expenses?
False, revenue is gain
What is the revenue-net income?
Net income equals revenue minus expenses minus taxes So, revenue minus net income equals expenses plus taxes
What is the yearly amount by which federal spending exceeds revenue?
budget deficit.
What is theDifference between fiscal deficit and revenue deficit?
when the expenditure is more then the revenue.it means that your spending is more then the amount which you have[revenue]
What is a sentence for revenue?
The government's tax revenue must increase each year to keep up with spending. The revenue from the bond sale was used to improve several bridges in the city.
Which of the following describes a situation in which government spending exceeds its revenue?
budget deficit
Who approves the spending of money in the legislative branch?
Bill of revenue start in the house.
What happens when the government spends more than its annual revenue?
Deficit Spending
