If the marginal propensity to consume is 0.9, what is the maximum amount that the equilibrium gross domestic product could chang
1 answer:
Answer: There is change of $0.9 billion in government expenditures.
Step-by-step explanation:
Since we know that
Marginal propensity to consume tells that the rate at which there is change in consumption due to change in income.
According to our situation, MPC is the change in amount of gross domestic product due to change in government expenditure.
So, it becomes,
Hence, there is change of $0.9 billion in government expenditures.
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Answer:
Step-by-step explanation:
<u>Equation of a circle</u>
where:
- (a, b) is the center
- r is the radius
From inspection of the diagram, the center of the circle <em>appears</em> to be at point (-3, 2), although this is not very clear. Therefore, a = -3 and b = 2.
Substitute these values into the general form of the equation of a circle:
Again, from inspection of the diagram, the <u>maximum vertical point</u> of the circle appears to be at y = 5. Therefore, to calculate the radius, subtract the y-value of the center point from the y-value of the maximum vertical point:
⇒ radius (r) = 5 - 2 = 3
Substitute the found value of r into the equation:
Therefore, the final equation of the given circle is:
Answer:
Approximately radians, which is approximately
.
Step-by-step explanation:
Dot product between the two vectors:
.
Magnitude of the two vectors:
.
.
Let denote the angle between these two vectors. By the property of dot products:
.
Apply the inverse cosine function to find the value of this angle:
.