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Ksenya-84 [330]
3 years ago
10

Please list and explain the three principles that describe how the economy as a whole works.

Business
1 answer:
STatiana [176]3 years ago
6 0

Answer:

The standard of living from country to country is affected by their level of productivity. The more productive a Country is, the more goods and ser- vices they have available, etc.lnflation occurs when the government prints a surplus of money.There is a trade-off between inflation and unemployment. Increase in price can happen from higher demand, which in turn causes firms to higher more workers to produce more goods/services.

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The government decides to increase its spending by $6 billion. Over time the real GDP increased by $9 billion. The expenditure m
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c. Equals to 1.5

Explanation:

Options are <em>"a. -lower than  b. -higher than  c. -equal to "</em>

Expenditure multiplier = Change in real GDP / Change in spending

Expenditure multiplier = 9/6

Expenditure multiplier = 1.5

Thus, the expenditure multiplier is equal to 1.5

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This is an example of <u>Competitor Analysis</u>

  • An evaluation of the advantages and disadvantages of present and future rivals is known as competitive analysis in marketing and strategic management. In order to recognize possibilities and risks, this analysis gives both an offensive and a defensive strategic perspective.
<h3><u>What information should a competitor analysis contain?</u></h3>
  • A competitive study should look at the attributes, market share, prices, marketing, differentiators, strengths, and weaknesses of your rivals as well as their locations, cultures, and consumer feedback.
  • This article is for small company owners, both new and experienced, who wish to research their rivals to enhance their goods or services.

To learn more about Competitor Analysis, Click the Links.

brainly.com/question/28090263

brainly.com/question/18685357

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An example of a possible marketing problem due to political relations between countries is American firms may be disliked in par
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