No 0.75 is greater because it ends in a 5 when 0.73 ends in a 3. 5>3
Answer:
cost of goods purchased= $950
Explanation:
Giving the following information:
Larkspur Co. had cost of goods sold of $3,100.
Beginning inventory was $3,200
Ending inventory was $1,050
<u>To calculate the purchases, we need to use the following formula:</u>
COGS= beginning finished inventory + cost of goods purchased - ending finished inventory
3,100 = 3,200 + cost of goods purchased - 1,050
cost of goods purchased= 950
Answer:
Lower
Explanation:
If aggregate demand increases, then there will be a decline or decrease in unemployment in any country, even as more workers are hired, real GDP output and price level increases.
Phillips curve is simply a curve that depicts the short-run trade-off between inflation and unemployment.A decrease or a low unemployment correlates with high aggregated demand.
When there is a raise in aggregate demand = higher output + higher price level
On the Phillips curve, more GDP simply means less unemployment and higher price level.
When competition is present and property rights protected and enforced, market prices will encourage self-interested individuals to develop skills that are expected to be valuable in the future. A system of well-defined, secure private property rights promotes economic performance and progress.
Answer:
Multiplier = 4
Explanation:
Government spending multiplier denotes the multiplier by which the GDP increases in response to increase in government expenditure.
Government spending has multiple impact depending on the society's overall propensity to consume.
Suppose if government spends USD 1, and consumer A receives USD 1, spends 0.75 out of this USD 1, consumer B receives this USD 0.75 and he also spends 75% of this USD 0.75 he received, this cycle continues until the spending reduces to nil.
Therefore spending multiplier is used to calculate total impact of each USD spent by government. Following is the formula for multiplier
Multiplier = 1 / (1 - marginal propensity to consume)
Multiplier = 1 ( 1 - 0.75)
Multiplier = 4
