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Anna007 [38]
4 years ago
13

You are given the following information about aggregate demand at the existing price level for an economy: (1) consumption = $50

0 billion, (2) investment = $50 billion, (3) government purchases = $100 billion, and (4) net exports = $20 billion. If the full-employment level of GDP for this economy is $620 billion, then what combination of actions would be most consistent with closing the GDP-gap here?
Business
1 answer:
kolbaska11 [484]4 years ago
3 0

Answer: C. Decrease government spending and increase taxes

Explanation:

The current GDP of this economy is $670 billion and this figure is higher than the $620 billion that the economy should be at.

This means that the economy is in danger of overheating and needs to be adjusted.

To do this one can use option C.

By REDUCING Government Expenditure, government purchases will drop which will aid in reducing the GDP.

By also INCREASING Taxes, the amount of money left for people to consume after they pay their taxes is less so that REDUCES Consumption as well leading to a smaller GDP.

Doing this is known as a CONTRACTIONARY FISCAL POLICY.

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You contacted your stock broker this morning and placed an order to sell 300 shares of a stock that trades on the nyse. this sal
Zarrin [17]

Answer:

Secondary Market

Explanation:

Secondary market are referred to as stock market. All major stock exchanges are secondary market like New York Stock Exchange. In secondary market you can buy previously issued securities. Like in this question, these 300 shares will be sold to another investor in NYSE which is secondary market.

7 0
3 years ago
When an employee works in year 1 but is paid in year 2, the company must recognize an expense in years) ______.
Ivanshal [37]

When an employee works in year 1 but is paid in year 2, the company must recognize an expense in years 1 only.

An expense is the monetary value of tasks that an organization causes to create income. As the well-known saying goes, "it costs cash to bring in cash.

Normal expenses incorporate installments to providers, worker compensation, manufacturing plant leases, and hardware devaluation.

Organizations are permitted to discount charge deductible costs on their annual government forms to bring down their available pay and hence their assessment obligation.

To learn more about Expenses.

brainly.com/question/24803457

#SPJ4

4 0
1 year ago
Fresh Dairy, Inc., is the offeror and Gelato Ice Cream Company is the offeree under a unilateral sales contract in whichHector’s
OLEGan [10]
Answer c. Must contact fresh dairy
6 0
4 years ago
Imagine that you're a dental hygienist. While cleaning a client's teeth you ask what flavor toothpaste to use and they say "oran
Snowcat [4.5K]

Answer:

A letter.

Explanation:

7 0
3 years ago
Look at the following data: durable goods = $200 billion; nondurable goods = $350 billion; services = $600 billion; fixed invest
Jet001 [13]

Answer:

The answer is $1,701 billion

Explanation:

Gross Domestic Product (GDP) is the cumulative (total) market value of the final outputs (goods and services) produced within an economy(country) during a given period of time usually a year.

GDP = C + I + G + (X - M)

where C - expenditure by households or consumers

I - investments by businesses or firms

G - expenditure from the government

X - exports from the country

M - imports into the country

Total consumers' expenditure is:

durable goods = $200 billion;

nondurable goods = $350 billion; services = $600 billion

Total. $1,150 billion

Total business investment is $200billion

Therefore, GDP is

$1,150 + $200 + $400 + ($30 - $79)

=$1750 - $49

= $1,701 billion

6 0
3 years ago
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