Based on the marginal propensity to consume and the change in income, the change in consumption was $7.2 billion.
<h3>What was the change in consumption?</h3>
The change in consumption can be found as:
= Change in income x Marginal propensity to consume
Solving gives:
= 12 billion x 0.6
= $7.2 billion.
Find out more on marginal propensity to consume at brainly.com/question/17930875.
Answer:
$4,598
Explanation:
As we know that
The inventory should be recognized at lower of cost or market value and the same is to be shown in the balance sheet
Total cost of all products
= $1,540 + $1,818 + $1,240
= $4,598
And, the total market value of all products
= $2,420 + $1,515 + $1,426
= $5,361
Based on this, as we can see that the total cost contains the lower value so the same is to be recorded i.e $,4598
Answer: The correct answer is "A. consumer expenditures, planned investment spending, government spending, and net exports.".
Explanation: Aggregate demand is the sum of goods and services that consumers, businesses and the State are determined to buy at a certain price level. So The total demand for domestic production consists of the sum of the following four components: Consumption, Investment, government spending and net exports.
A float plan lets your family and friends know your whereabouts and, should a trip come to grief, the plan will give the searchers a valuable head start locating your boat.
a. Indicating the cost of a good.