Answer:
The government will need to reduce spending by $60 billion
Explanation:
Expansionary gap is defined as a situation where the total output of an economy exceeds its potential output. That is the economy is performing above its long term potential as measured by GDP.
When this occurs the government will need to reduce spending to match output with economic needs.
Marginal propensity to consume is the proportion of an individual's income that is reserved for consumption.
In this case it is 4/5. This means individuals are willing to spend 4/5 of their income on consumption
The amount needed by the economy to meet consumption is:
Amount consumed= (4/5) * 300 billion
Amount consumed= $240 billion
Therefore
Excess cash= 300 billion - 240 billion = $60 billion
The government will need to reduce spending by $60 billion
South Africa reserve bank
Answer:
D) All of these
Explanation:
Social computing is related to Computer Science. It however, looks at the intersection or link that exists between computational systems and social behavior. <u>Social Computing specifically observes human or social behavior and used the data gathered to design systems, software and environments that can interact socially with humans</u>. The objective of this design is to make information on several areas available to people and also allow for adequate interactions.
Social computing is everywhere, from the e-mails to the use of the social media, advertisements and use of blogs among several others. Social computing therefore is not just used by organisations for only a single function but it is now integrated into most if not all the functions of businesses.
For instance, social networks and blogs are currently being used for marketing. Customer needs can be tailored based on their cookies from their browsers and then relevant sales or product information can be sent to individual customers based on preferences. This is Customer Relationship Management. Finally, It is easier to recruit now and check the status of individual employee or potential employee on social sites, send them emails as well as instant messages.
Answer:
7 workers will be required
Explanation:
We will define actual time required to do a job
= Standard time required for producing each unit x Worker efficiency (%)/100
= 11.65 x 115/100
= 13.3975 minutes
Total available minutes in 4 days = 4 days x 8 hours/ day x 60 minutes / day = 1920 minutes
Therefore ,
Number of units which can be produced by 1 worker in 4 days = 1920 /13.3975
Number of units to be produced = 1000 units
Therefore,
Number of workers required
= Number of units to be produced / Number of units which can be produced by 1 worker in 4 days
= 1000 x ( 13.3975 /1920)
= 6.977 ( 7 rounded to nearest whole number )
Answer:
False
Explanation:
On the contrary, high economic growth may lead to high inflation. Economic growth is indicated by an increase in the value of the gross domestic product GDP. The GDP measures economic growth by calculating the values of all the finished goods and services in a country per period.
Economic growth may be a result of an increase in aggregate demand. The government may institute monetary and fiscal stimulus measures that increase the demand for goods and services. Increased demand results in inflation because consumers will have too much cash, but few goods and services are available. When growth is due to an increase in productivity, inflation is minimal. Inflation is a general increase in prices. Prices usually go up with an increase in economic activities.
