Answer:
Equilibrium GDP = C+ I+ G+ X
Where: Y = GDP
C = Ca = a+bYd
I = Ig
G = G
X = Xn
Yd = Y-T
T = 0.2Y
Y = C+ I+ G+ X
Y = a + bYd + I +G + X
Y = a + b(Y-T) + I +G + X
Y = a + bY - bT + I +G + X
Y = a + by - b(0.2Y) + I +G + X
Y = a + bY - 0.2Yb + I +G + X
Y = a + 0.8Yb + I +G + X
Y - 0.8Yb = a + I +G + X
Y(1 - 0.8b) = a + I +G + X
Y = (a + I +G + X)/(1 - 0.8b)
That is the equilibrium GDP is Y = (a + I +G + X)/(1 - 0.8b)
Explanation:
Equilibrium GDP is also called equilibrium level of national income. This is the condition that must prevail for planned expenditure to exactly equals planned income or output in an economy. this is represented by the general equation of Y = C+ I+ G+ X-M but for the purpose of this question M which represent import was not introduced.
The consumption function of C = Ca = a+bYd is a Keynesian consumption function, it shows aggregate planned expenditure by household
Ig represents investment expenditure of the firm
Xn represents export while
G represents government expenditure on goods and services
T represents tax which varies with income level
Answer:
d. lots of practice will make the speaker sound more natural :)
Explanation:
Answer:
In Kate's case, Horn effect bias is applied
In Miguel's case, Halo effect bias is applied
Explanation:
As per analysis Duane has implied Horn effect towards first candidate, Kate. Authorities who lodge such persona appraise few alternatives and consider limited information while taking any decision. They are intuitive and impulsive, do not find it important to consult details and may use a few inputs to cognitive process and idea while taking decisions. In this case, just a few recent occasions of tardy to work are costed more than three years efforts to Kate.
As per scenario of Miguel, Duane is exhibiting Halo effect, despite the fact, that Kate has the high performance rate and has earned high marks from her teammates. Duane is sure implying favoritism over rationalism and cognitive behavior in favor of Miguel. He is ignorance towards the facts highlights that there was no complete thought process in his decision, for him being graduated from Lorton University was the ultimate hail. The affinity bias occurs when hiring manager prefer the candidate with some linkage to like which school they went to. Meanwhile they forgo to undertake the details about a particular candidate.
Answer:
C. She may receive distributions over her expected life
Explanation:
The deal that derives that if there is one inherits so IRA could be inherited from the spouse. In this case, the fund would remain in the IRA with no tax outstanding unless the spouse continues for taking the distributions it could be started by age 70 and half.
If we skip the given away option that implies the transfer the IRA in a Beneficiary Distribution Account. Also the distributions arise when there is a depletion over the five years
Since she is 28 years old so the expected life is for another 50 + years or more so it decreases the needed yearly distribution
Therefore the option C is correct
the answer is A because the term trade off is often expressed as an opportunity cost
