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saw5 [17]
3 years ago
14

As an elected official, you have been informed that real GDP is below its potential and that action should be taken to encourage

economic growth and bring the economy to its long-run equilibrium. The marginal propensity to consume is 0.6, and the amount of new government spending is $700 billion. What is the multiplier? Compute this to the first place beyond the decimal.
Business
1 answer:
Margaret [11]3 years ago
8 0

Answer:

2.5

Explanation:

Relevant Data provided

Marginal propensity to consume = 0.6

The computation of multiplier is shown below:-

Multiplier = 1 ÷ (1 - Marginal propensity to consume)

= 1 ÷ (1 - 0.6)

= 1 ÷ 0.4

= 2.5

Therefore for computing the multiplier we simply applied the above formula with the help of dividing 1 by marginal propensity to consume and after the result we divide the 1 by the result.

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Alexandra [31]

Answer:

c. both techs

Explanation:

Based on the scenario being described within the question it can be said that in this situation both technician A and technician B are correct. The way that the oil pumps are driven off the platform can depend on the specifics of the platform as well as the current situation. Therefore depending on the situation it can be either or, thus making both technicians correct.

6 0
3 years ago
Why did office work become the fastest-growing sector of the female labor force by 1900?
maria [59]
Women were thought to be especially suited to typing on typewriters. 
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5 0
3 years ago
If the publisher of Central Times wanted to use reverse innovation to increase profits, what might she do?
OverLord2011 [107]

Answer:

(d) Figure out a way to print and distribute a very inexpensive newspaper that people want to read in Haiti, then use the same technology and processes to revamp Central Times in the United States.

Explanation:

"Reverse Innovation is the strategy of innovating in emerging (or developing) markets [A very inexpensive newspaper that people want to read in Haiti] and then distributing/marketing these innovations in developed markets."

Reference: Casestudyinc.com. “Reverse Innovation - Definition and Examples.” Management Case Studies and Articles, 27 Sept. 2014

5 0
3 years ago
The production team of Widget Corp, a furniture manufacturer, has determined the amount of wood, metal, fabric, and labor hours
slega [8]

Answer:

The answer is multi-factor productivity.

Explanation:

Multi-factor productivity (MFP) measures or determines the productivity or efficiency of a production process by comparing it to the the amount of invested multi-factor inputs (labor, materials, energy, capital).

In other words, Multi-factor productivity (MFP) also known as total factor productivity (TFP) is an economic performance determination of the number of goods produced when compared to inputs (labor, materials, energy, capital).

8 0
3 years ago
__________ refers to the division of the economy into two areas of employment:, a primary sector or upper tier, composed of high
MrRissso [65]

Answer:

Split Labour Market

Explanation:

Proposed in the 1970s by Edna Bonacich, the Split labor market theory attempts to define the link between race or ethnicity and the segmentation of the labor market. The theory argues that the segmentation of the labor market is more a political and social structures than individual biases in employment.

For instance, depending on the type of job, an employer will determine what class of employees to target. In a job that requires cheap labor with poor health and insurance plans, an employer will favour lower tier workers who are less eager to complain than the upper tier workers who are more concerned about union requirements

The Split labour market theory used this explanation to divide the economy into the upper sector of higher paid workers in more secure jobs and the lower sector of lower-paid workers in less secure jobs.

3 0
3 years ago
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