The increase in real GDP when government spending increases is $16 billion.
<h3>What is the increase in real GDP?</h3>
Real GDP is GDP calculated using base year prices. Real GDP has been adjusted for inflation.
Increase in Real GDP = multiplier x increase in government spending
$5 billioin x 3.2 = 16 billion
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Answer:
558
Explanation:
Since his monthly salary is $9,000
6.2% is the percentage of his salary that he will pay as social security tax while the Employer pays the other 6.2% making 12.4% in total
The amount to be taken out of his salary for social security for the month of December will be
6.2% * 9000= $558
The three types of gross private domestic investment include all final purchases of machinery, equipment, and tools; all construction; and changes in business inventories.
Private fixed investment and alternate in private inventories. it's far measured without a deduction for consumption of constant capital (CFC), consists of replacements and additions to the capital inventory, and excludes investment via U.S. citizens in other nations.
Gross private domestic investment includes the development of nonresidential systems, the production of equipment and software, non-public residential construction, and modifications in inventories.
Gross domestic private investment, as described in country-wide income accounts, could encompass the subsequent, except the government construction of recent highways and dams.
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Answer:
The correct answer is B) low-cost provider strategies, broad differentiation strategies, best-cost provider strategies.
Explanation:
A competitive advantage allows one company to produce or sell goods more effectively than another company. For that reason, entrepreneurs always try to develop competitive strategies that help them maintain that advantage.
According to researcher researcher Michael E. Porter, there are at least four types of competitive strategies: differentiation, cost leader, low cost approach, and low cost differentiation. Each entrepreneur can use one of these standard strategies or develop his own strategy since flexibility is an important characteristic of competitive strategies, although the reality is that most companies use one of these four generic strategies.
