Northwest magazine sells subscriptions for $36 for 12 issues. the company collects cash in advance and then mails out the magazines to subscribers each month. 1. apply the revenue recognition principle to determine a. when northwest magazine should record revenue for this situation. b. the amount of revenue northwest magazine should record for three issues.

Suppose the government enacts a stimulus program composed of $600 billion of new government spending and $300 billion of tax cuts for an economy currently producing a gdp of $14 comma 000 billion. if all of the new spending occurs in the current year and the government expenditure multiplier is 1.5, the expenditure portion of the stimulus package will add nothing percentage points of extra growth to the economy. (round your response to two decimal places.)