The government’s budget surplus in denin has risen consistently over the past five years. two government policy makers disagree as to why this has happened. one argues that a rising budget surplus indicates a growing economy; the other argues that it shows that the government is using contractionary fiscal policy. can you determine which policy maker is correct? if not, why not?
in a partnership, loans taken out by the general partners aren't binding on the limited partners. if a general partner takes out a loan, it effects all general partners no matter who took out the loan. a limited partner means they have limited liability therefor they are not responsible for the debts and obligations that the general partners are.
the annual percentage rate is the interest rate charged per period multiplied by the number of periods. the annual percentage rate is also known as the apr and is what credit cards promote their interest rates by. for example, if a credit card states their apr is 20%, that is the percentage over the year to find the actual monthly interest rate you would need to divide that by 12 periods/months.