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bagirrra123 [75]
3 years ago
12

If an economy consumes 68 percent of any increase in disposable income, then an increase in autonomous investment of $1 billion

would result in an increase in total spending of as much as
Business
1 answer:
madreJ [45]3 years ago
4 0

Answer: The answer is $3,125,000,000

Explanation:

Since autonomous investment is government investment in the economy

68% of the increase in disposable income was consumed

Using the equation

Since Y = yd , spending in the economy is represented by

Equation C = 0.68yd, investment = $1,000,000,000

Y = C + I

Y = 0.68Y + 1,000,000,000

Y - 0.68 = 1,000,000,000

Factor out the variable Y

Y ( 1 - 0.68) = 1,000,000,000

0.32Y = 1,000,000,000

Divide both sides by 0.32

0.32Y/ 0.32 = 1,000,000,000 / 0.32

Y = 3,125,000,000

Therefore the increase in total spending will be $3,125,000,000

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The items that will require journal entries to update the balance in the Cash account of the Rental Company are <u>items 1, 2, and 4</u>, as follows:

<h3>Adjusting Journal Entries:</h3>

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8 0
2 years ago
Explain the hipp of the primary sources below source: letter written by john rolfe
Leno4ka [110]

Hi, you've asked an incomplete question. The attached image shows the full text.

<u>Explanation:</u>

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3 years ago
suppose the absolute values of the intercept and slope of the demand function are approximated to be 10 and 3 respectively. if t
egoroff_w [7]

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From the Demand data that we have in this question,

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The supply data

Slope = 5

Intercept  = 6

Supply equation

S = 6 + 5p

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This is because at equilibrium, <u>supply = demand</u>

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collect like terms

10-6 = 3p+5p

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3 0
3 years ago
While setting up their corporation, ming and jie implement a system of governing their organization so that the interests of cor
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A customer places an order on January 1, 2019. Fifteen days later, that order is received by the manufacturing department. Twent
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