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Anna11 [10]
3 years ago
15

How much is the total consumer spending​

Business
1 answer:
Kamila [148]3 years ago
8 0
Depends on the quality and quantity of goods
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Suppose nominal GDP in the base year was $380 million. Five years later, nominal GDP was $480 billion and the GDP price index wa
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Answer: increased by $20 billion

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Real GDP is year of interest is:

= (Nominal GDP in year of interest/ GDP Price index in year of interest) * 100

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Nominal GDP is equal to Real GDP in base year so increase in real GDP is:

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What is development​
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The process of developing or being developed.
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If the economy is falling below potential real​ GDP, which of the following would be an appropriate fiscal policy to bring the e
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Government spending

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Expanded government spending is probably going to cause an ascent in aggregate demand (AD). This can prompt higher development momentarily. It can likewise increase the overall GDP. Higher government spending will likewise affect the supply side of the economy. Likewise, increase in government spending centres to apply fiscal policy is a way which could improve the economic situation of the country, it can also improve efficiency and a development over the long-run.

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When the price of a product​ changes,
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C relative price » sub effect & income effect

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A__________produces finished-goods inventory in advance of customer demand using a forecast of sales.
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Push system.

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A push system produces finished-goods inventory in advance of customer demand using a forecast of sales and as such it is categorized as a make to stock because the production of goods are not based on actual demand by the consumers.

Under a push system, manufacturing is strictly based on a projected production plan and the flow of information between the manufacturer and the market is in the same direction with those of raw materials used.

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