What is a check provided to you by a credit card issuer that you can use to access your credit card line of credit called?

15. If, in the economy described, government spending increases by $200 million, what will be the associated change in equilibri

iris [78.8K]

Answer:

$200 (million)

Explanation:

If the government spending increases by $200 million, then associated change in equilibrium income will be $ 200 million, assuming that Marginal Propensity to Consume (MPC) is 1

6 0

2 years ago

On December 30, 2005, Bart, Inc. purchased a machine from Fell Corp. in exchange for a non-interest bearing note requiring eight

Darya [45]

Answer: c. $94,240

Explanation:

On December 31, 2005, one payment has already been made which would mean that only 7 payments are left. As the first of these remaining 7 will be paid the year after, this is an ordinary annuity.

Note payable value = Present value of seven $20,000 payments

= 20,000 * Present value of ordinary annuity of 1 at 11% for 7 years.

= 20,000 * 4.712

= $94,240

5 0

2 years ago

An increase in spending of $25 billion increases real gdp from $600 billion to $700 billion. The marginal propensity to consume

maksim [4K]

An increase in spending of $25 billion increases real gdp from $600 billion to $700 billion. The marginal propensity to consume must be "4".

<h3>What do you mean by Marginal Propensity to consume?</h3>

The marginal propensity to consume is refers to as the proportion of any change in income that is spent on consumption.

In economics, this term is used to refer to the measurement made in order to determine consumption when the rent is increased by one unit. This measurement is nothing more than a mathematical relationship to calculate how people invest in consumption or save the income that is increased.

Calculation:

$MPC=\frac{change in consumption}{change in income} \\MPC=\frac{100}{25} \\MPC=4$

Learn more about Marginal Propensity to consume, refer to the link:

brainly.com/question/19089833

#SPJ4

5 0

1 year ago

The many uses of oxiclean products are shown in a program-length television commercial. this is a(n) _____ form of advertising.

svetlana [45]

Answer:

Infomercial.

Explanation:

An infomercial is a form of advertisement which is aimed at educating the customer about a product or a series of products via television in the form of a program.

7 0

2 years ago

On November 1, year 1, Jamie (who is single) purchased and moved into her principal residence. In the early part of year 2, Jami

Deffense [45]

Answer:

correct option is $31,250

Explanation:

given data

home sold gain = $45,500

to find out

gain may Jamie exclude from gross income in year 2

solution

as given November 1 purchase home February 1 sold

so we know here that Maximum exclusion will be

Maximum exclusion = $250,000 × $\frac{3}{24}$

Maximum exclusion = $31,250

so here $31,250 may Jamie exclude from her gross income in year 2

correct option is $31,250

7 0

2 years ago