Answer:
$120 billion
Explanation:
Economy operating at $300 billion above its natural level of output.
Marginal propensity to consume, MPC = 3/5 = 0.6
For closing this expansionary gap, the government have to decrease its spending by the amount calculated as follows:
Spending multiplier:
= 1/ (1 - MPC)
= 1/ (1 - 0.6)
= 1/ 0.4
= 2.5
Hence, the government spending reduces by
= Expansionary gap ÷ Spending multiplier
= $300 ÷ 2.5
= $120 billion
Answer:
The correct answer is True.
Explanation:
Product differentiation is a competitive strategy that aims to make the consumer perceive the good or service offered by a company differently from those of the competition.
The cost leadership strategy is to find and maintain a low cost position compared to the competition, this will allow the company to obtain higher returns than the industry average.
There is a relationship between the cost leadership strategy and the possession of a high market share, this is because having a high market share allows the appearance of economies of scale and economies of experience, both contribute to reducing unit costs.
Answer:
A business management degree focuses more on planning and organizing, whereas a degree in business administration provides a broad background and then allows the student to focus on a specialized area of business
Explanation:
Business administration (also known as business management) is the administration of a business. It includes all aspects of overseeing and supervising business operations. From the point of view of management and leadership, it also covers fields that include accounting, finance, project management and marketing.
Answer:
Option d (reduction in the rate of inflation) is the appropriate option.
Explanation:
- Disinflation seems to be a decline throughout the pace of price growth that happens traditionally throughout a recession because this availability of commodities exceeds the threshold value for themselves.
- Although unlike deflation, whenever consumer prices inevitably decline, disinflation income levels don't collapse, perhaps the inflation rate appears zero.
Some other choices being made aren't connected to the circumstance offered. So the answer above is the right one.
Answer:
$20,100
Explanation:
You will have to multiply the monthly expenses by 6
$3,350 x 6
= $20,100
A layoff is the temporary suspension or permanent termination of employment of an employee or, more commonly, a group of employees for business reasons, such as personnel management or downsizing an organization.
When calculating how much you will need, don't plan for just your largest bills. You'll need enough to cover mortgage or rent and vehicle payments, but you will also need to pay utilities, credit cards, insurance, and buy groceries. Everything that's in your normal budget should be considered.
Though you may spend lesser since you're no longer going to work BUT you must consider your normal monthly budget.
