Answer:
Correct options are: (D), (E), (F).
Explanation:
Since the dog seller does not pay taxes, he is evading tax and is therefore conducting illegal transactions. Illegal transactions are excluded from GDP.
Mowing the law does not have an imputed market value and is excluded from GDP.
Government spending on food stamps is a transfer payment since no value gets added in return, therefore is excluded.
Answer: Option B
Explanation: In simple words, increase in supply of managers refers to the condition in which the quantity of managers willing to work in certain situations increases due to change in some factors.
As in the given case, the company is offering one day work from home facility to the employees which is beneficial for the personnel in many way as they will get extra time for their social life and will save efforts and time they invest while commuting from their residence to office.
Hence due to this decision their utility satisfaction from the job will increase which will further lead to increase in supply of managers in the organisation.
Answer:
consumer income rises; pizza dough decreases in price
⇒ output increases; price uncertain
- higher consumer income results in higher prices
- but decrease in the price of inputs results in lower prices
- both result in higher output
consumer income falls; pizza dough decreases in price
⇒ price decreases; output uncertain
- both result in lower prices
- falling consumer income result in lower output
- decrease in the price of inputs results in higher output
consumer income falls; cheese increases in price
⇒ output decreases; price uncertain
- both lower output
- falling consumer income decreases price
- increase in price of inputs increases price
consumer income rises; cheese increases in price
⇒ price increases; output uncertain
- both increase price
- rising consumer income increase output
- increase in price of inputs decreases output
Answer: c. tax increase of some amount less than $45 billion
Explanation:
Increasing taxes will have the effect of reducing the Consumption in the Economy as it will reduce the disposable income that people have to spend on goods and services. It is therefore an option to bring the Economy back down to fill employment.
However, when the Taxes are increased, they should be increased by an amount less than the $45 billion because Taxes have a Multiplier effect meaning that an increase in taxes will slow down the economy more than the increase itself. This is why it should be an amount less than 45 billion especially having taken the Multiplier into account so that a good estimate of the amount needed will be ascertained.
Based on the data set that is summarized the number of values less than or equal to 6 are 20.
<h3>What is the frequency of a number?</h3>
The frequency (f) of a given value is known to be defined as the rate or the number of times the value is said to have taken place or seen in the data.
Note that the distribution of a variable is seen to be the pattern of frequencies, that connote that the set of all possible given values and the frequencies is linked to these values.
Note that according to the table, the numbers that are less than or equal to 6 are: 5 + 3 + 2 + 3 + 4 + 3 = 20
Therefore, Based on the data set that is summarized the number of values less than or equal to 6 are 20.
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