Answer:
$45 billion
Explanation:
As per the data given in the question,
Marginal propensity to consume(MPC) = 0.9
Multiplier = 1 ÷ (1-MPC)
= 1 ÷ (1-0.9)
= 1 ÷ 0.1
= 10
Required change in money supply = $450 billion
Investment needed = Expansion ÷ Multiplier
= $450 ÷ 10
= $45 billion
Therefore, Least amount which can be spent by government to overcome the $450 billion gap = $45 billion
<span>Product leadership refers to companies that pride themselves on quality and innovation.
Product leadership refers to the fact that there are some companies which produce great products which are sold everywhere and most people buy them, which makes that company the leader on the market.
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Answer:
Self-interest helps achieve society's economic goals because as consumers and producers exercise their<u> freedom</u> to act in their own self-interest markets will produce the desired goods at the<u> lowest </u>possible cost.
Answer: b. When population exceeds real GDP growth
Explanation:
Gross domestic growth(GDP) is the monetary value of all finished goods and services done within in a country over a period of time. When the population of a country exceeds what it produces there would be record in decline in productivity of the country. This is a serious problem as it could lead to other factors as scarcity(having high demand and low supply), it could lead to poverty as there won't be much jobs as production is not commensurate with population.
Cds are time deposits that you can close before the term ends but might pay early penalty for withdrawing early. Cds vary with the financial institution. I would say a savings account
