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mojhsa [17]
3 years ago
13

Which of the following statements about the consumption component of GDP is not​ correct?

Business
1 answer:
Assoli18 [71]3 years ago
3 0

Answer:

D. Spending on services is smaller than the amount of consumption spending on durable and nondurable goods.

Explanation:

For developed countries like the U.S, there is a lot of stress in consumption of services such as good health care, appropriate and quality education and among others. These services contribute to a larger proportion of consumption component of GDP than both durable and nondurable commodities. Therefore, the statement “spending on services is smaller than the amount of consumption spending on durable and non-durable goods” is not correct

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Answer:

increase in government purchases

Explanation:

If there is a contraction in the economy, the government should conduct expansionary policies to increase money supply.

Discretionary fiscal policies are deliberate steps taken by the government to stimulate the economy in order to cause the economy to move to full employment and price stability more quickly than it might otherwise.

Discretionary fiscal policies can either be expansionary or contractionary

Expansionary fiscal policy is when the government increases the money supply in the economy either by increasing spending or cutting taxes.

Contractionary fiscal policies is when the government reduces the money supply in the economy either by reducing spending or increasing taxes

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3 years ago
GI Designs, a copper furniture manufacturer, increased the price on its copper tabletops by 20 percent for three months to see w
romanna [79]

Answer:

The correct answer is letter "C": independent variable.

Explanation:

Independent variables are propositions in a study which effects help to analyze certain behavior of a dependent variable. The dependent variable does not change but the independent variables do. There may be more than one independent variable for only one dependent variable.

In the case, <em>the dependent variable is the change in sales at GO designs while the independent variable is the price increase.</em>

3 0
2 years ago
If the government changes taxes without changing government spending to eliminate the recessionary gap, will the minimum require
Shalnov [3]

Answer:

Explanation:

If the government changes taxes without changing government spending to eliminate the recessionary gap, will the minimum required change in taxes be greater than, smaller than, or equal to the minimum required change in government spending?

The minimum required change in taxes will be greater than that of the minimum required change in government spending

tax multiplier (mpc/mps = 0/8/0.2=0.4) is smaller than the government spending multiplier (1/mps= 1/.2=5) because of the initial increase in disposable income caused by the decrease in income tax will be saved rather than spent

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3 years ago
W.W. Grainger, Inc. is one of the world's largest largest business-to-business distributors of equipment, component parts, and s
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Answer:

Merchant wholesaler

Explanation:

A merchant wholesaler is a business owner that specializes in purchasing goods in large quantities and then sell to other retailers and wholesalers.

Since they purchase their products in large quantities, they have different warehouses in their acquisition. These warehouses are used to store the products.

Merchant wholesalers are very vital in the chain of distribution as they facilitate the smooth movement of goods which takes places between the producers and the retailers.

In the scenario described above, W.W. Grainger is an example of a merchant wholesaler.

6 0
3 years ago
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