Answer:
The marginal propensity to save (MPS) is the portion of each extra dollar of a household's income that's saved. MPC is the portion of each extra dollar of a household's income that is consumed or spent. Consumer behavior concerning saving or spending has a very significant impact on the economy as a whole.
Multiplier Effect
for every dollar the government spends, it will create a greater than one dollar change in GDP
Spending Multiplier
1 / 1-MPC or 1 / MPS; increase in spending .: + multiplier; decrease in spending .: - multiplier
Deficit spending is the amount by which spending exceeds revenue over a particular period of time, also called simply deficit.
Crowding out in businesses an economic concept that describes a situation where personal consumption of goods and services and investments by business are reduced because of increases in government spending and deficit financing sucking up available financial resources and raising interest rates.
Explanation: Marginal Propensity to Consume
the fraction of any change in disposable income that is consumed; MPC = change in C / change in DI
Marginal Propensity to Save
the fraction of any change in disposable income that is saved; MPS = change is S / change in DI
The workers who retain their jobs after enactment of the minimum wage.
Hope this helps !
Photon
Answer:
$84,000
Explanation:
The computation of the ending inventory using the FIFO method under the periodic inventory system is shown below:
Since 7,000 units are on hand which represents the 7,000 units are taken from the August 28 date for $12 each i.e
= 7,000 units × $12
= $84,000
By dividing the 7,000 units at $12 each we can get the ending inventory
Answer:
Explanation:
Given:
Merchandise cost = $665
Sales tax = $48
The credits are indented to emphasize that they are credits, and the total debits must always equal the total credits.
For Overseas Oil Co.,
Total Debit Cash = $713
Total credit cash:
Credit Sales = $665
Sales Tax Payable = $48
If u mean chemical name, its called acetic acid
