Answer:
I'm not sure what this question is about, but the concept of the income expenditures model and its components is the following:
In the income (or aggregate) expenditures model, its author (Keynes) established certain assumptions in order to analyze how the economy works as a whole. His assumptions included that investment, government spending and net exports were all independent from income level.
When the economy is at equilibrium, total expenditures (GDP) = income level = consumption + government + investment + net exports
Another important assumptions are:
- marginal propensity to consume (MPC) + marginal propensity to save (MPS) = 1
- consumption = autonomous consumption + [MPC x (total income level - taxes)]
Savings = investment increase when disposable income increases or real GDP increases.
This model is used to explain the relationship between labor and production levels, and how they are affected by the economy's total expenditures. By increasing expenditures, the demand for labor and products/services will increase.
The green revolution helped increase food production, as well as benefiting wealthy farmers in developing countries.
<h3 /><h3>What was the green revolution?</h3>
It was a process that instituted new technologies in agriculture, modernizing the means of production on a global scale. Some of the contributions were the development of agricultural machinery and genetically modified seeds.
Therefore, some countries such as Mexico and India have benefited from the green revolution, helping in the development of agriculture and economy.
Find out more about green revolution here:
brainly.com/question/1082058
#SPJ1
Answer:
B. Graduates with a professional degree always earn more than others.
Answer:
the correct answer is context
Answer:
C. Cooked hot dogs at a sporting event
Explanation:
Capital goods are tangible assets that businesses use to produce goods and services for sale. Capital goods are not meant for sale but are used to make products that will be sold to generate revenue. Capital goods have a useful life exceeding one year and include buildings, equipment, motor vehicles, and tools.
From the list provided, Cooked hot dogs at a sporting event are not capital goods. All the other items are capital goods. They do not get consumed in the production process.
