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kvv77 [185]
1 year ago
6

An increase in government spending by $100 would, if the mpc = 0. 90, result in an increase in real gdp by?

Business
1 answer:
bixtya [17]1 year ago
5 0

The answer is $1000

As Change in real GDP= Change in gov. spending/(1-MPC)

So

100/(1-0.90)=1000

Gross domestic product is the monetary fee of all finished goods and services made inside a country during a selected duration. GDP affords an economic snapshot of a rustic, used to estimate the scale of a financial system and growth charge. GDP can be calculated in 3 methods, the use of fees, production, or earning.

In economics, the marginal propensity to consume (MPC) is defined as the percentage of a mixture enhance in pay that a consumer spends on the consumption of goods and offerings, instead of saving it.

Learn more about Gross domestic product here

brainly.com/question/1383956

#SPJ4

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Answer:

The correct answer is option b.

Explanation:

In an open economy, domestic firms have to face competition from the foreign producers. If firms face losses in the long run, because of import competition, these firms will leave the industry.

As the number of domestic firms get reduced, the demand curve of the other firms will become flatter. This happens because of the foreign firms that bring in a large variety of goods in the domestic market.

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3 years ago
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Answer:

Absolute reference

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In other words ,Ellen will absolutely reference her income ,as the income is the same month-on-month.

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3 years ago
Your team leader puts a suggestion box in the break room. At team meetings, he lists all the reasons why the suggestions can't b
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3 years ago
A company is offering to pay a stadium for naming rights. If the administrative costs for this sponsorship are $78,000, and thes
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Answer:

The amount of $71,760  , is offered by the company for the stadium naming rights.

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3 years ago
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The type of business best for Juanita to start as a sole proprietorship. This type of business is to purchase or rent the required equipment for the business. For becoming a sole proprietorship it also needs to set up some statements registering that Juanita is starting a business.

She also requires to obtain a consent or license from the local government regarding the business she is willing to start. There are many advantages Juanita would have when starting her own set up which may include being her own boss, retention on the company's entire profit and no special taxes to be paid.  

8 0
3 years ago
Read 2 more answers
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