If real GDP is $200 billion, full employment GDP is $400 billion, and the marginal propensity to consume is 0.75, then Congress should-----
increase government purchases by spending by $50 billion.
What is marginal propensity?
In economics, the marginal propensity to consume (MPC) is defined as the proportion of an aggregate raise in pay that a consumer spends on the consumption of goods and services, as opposed to saving it.
Full employment:
is an economic situation in which all available labor resources are being used in the most efficient way possible. Full employment embodies the highest amount of skilled and unskilled labor that can be employed within an economy at any given time.
Learn more about real GDP:
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Answer:
The amount that the lighting plant be charged from the payroll department for its services is $25,000
Explanation:
Provided data from the question:
Payroll budget = $100,000
number of checks issued per week = 4000
number of employees = 1000
Since, the service department charge rate is calculated as the total service department expense divided by total service department usage, the amount that should be charged from the payroll department for its services;
= $100,000 ÷ 4,000
= $25 × 1,000
= $25,000.
Answer:
In the given scenario, Tyell Corp. uses
b. readiness-based diversity training
Explanation:
Diversity Training:
A type of training in which the audience are trained to accept and understand the diversity of traits and cultural backgrounds of people.
- In this scenario, Tyell Corp. teaches its diversified employees to ask questions stereotypes and change their personal opinion about each other. As this training is encouraging to understand the diversification so the option a and c are not valid.
- The options b is valid as the consulting firm is motivating its employee to ask the questions and understand other people that is preparing the employee to accept the differences. So, they can work in harmony for the progress of the firm
- The option d is not valid in this scenario, as this training is focusing on readiness of the employees to accept the cultural differences but not no skills.
Supply restricted program heavily reduce the amount of products that sold in the market (that mostly came from import) in order to increase the price and income for local business.
But one thing that needed to be considered is, when the price is increased, the demand for that product will decrease at the same time, so eventually the sellers will have to bring the price down again to increase the demand.
