When the Government Attempts to Improve Equality in an Economy

question 36

Multiple Choice

When the government attempts to improve equality in an economy the result is often

• A)an increase in overall output in the economy.
• B)additional government revenue since overall income will increase.
• C)a reduction in equality.
• D)a reduction in efficiency.

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Definitions:

Bank's Records

Documentation and ledgers maintained by a bank, detailing all transactions and financial activities of the bank's accounts.

Adjusted Balance

The final amount on an account after all debits and credits have been accounted for, including interest and fees if applicable.

Bank Reconciliation

The process of matching and comparing figures from the accounting records against those shown on a bank statement to ensure they agree.

Balance Sheet

A declaration that compiles the resources, obligations, and shareholder's equity of a business at a precise moment in time.