True. One would get the regular stated interest rate plus the additional promotional rate. Thus one would recieve a higher income via the savings rate.
Answer:
The incremental revenue of the proposed change = $ 50,000
Answer:
The answer is <u>"$110 billion".</u>
Explanation:
Firms increase their investment by $11 billion
mpc = 0.9
gdp = ?
To find the gdp, first we have to find expenditure multiplier;
we will find that by using the formula;
expenditure multiplier = 1/(1-0.9) = 1/0.1 = 10
Now gdp = 10 x $11 billion
= $110 billion
Thus the <u>gdp is $110 billion.</u>
No more than 15 percent of your speech time.
Hope this helps!!