Answer:
D. Through the government purchases multiplier, the $1 increase in government spending will lead to an increase in aggregate demand and national income, which will lead to an increase in induced spending.
Explanation:
We know,
Multiplier = Changing real equilibrium GDP ÷Change of government spending.
If we increase the multiplier, government spending will lead to an increase in aggregate demand that is potential GDP is higher than actual GDP and national income, which will lead to an increase in induced spending. Therefore option D is the correct answer as options A, B, and C do not meet the requirements.
Hello,
The answer is option A "<span>Manufacturing".
Reason:
Manufacturing is the process of taking old products and transforming them into better working items its kinda like a upgrade of the product.
Ex: A video game console into a better game console.....
The answer is not option A because wholesaling is the process that businesses use for commercials, bigger industries, any accessories to add on to their businesses in order to make them run better and to sell more of the product in order to make more money. Its not option C because a extractive industry is a industry that basically uses natural resources and extracts them. Its also not option D because a service could be anything not involving businesses, involving social businesses, etc... Therefore the answer is option B!
If you need anymore help feel free to ask me!
Hope this helps!
~Nonportrit </span>
Answer:
The value of net income is $3,008,000
Explanation:
Income statement:
Revenues= 9,100
COGS= (2,730)
Gross profit= 6,370
Other Expenses= (600)
Sales, General, & Administrative Expenses= (910)
Depreciation Expenses= (500)
Interest Expenses= (180)
EBT= 4,180
Tax= (1,672)
Depreciation= 500
Net income= 3,008
The value of net income is $3,008,000
Answer:
If Jeff's wage rate rises, he decides to work more hours. From this, we can infer that for Jeff, the substitution effect is greater than the income effect - option C.
Explanation:
The substitution effect is stronger than the income effect in a case whereby the supply of labor increases as the wage rate increases .
On the other hand, when the supply of labor decreases as the wage rate increases, then the income effect is stronger than the substitution effect.
With regards to the scenario given in the question - with an increase in the wage rate, Jeff has decided to work more hours.
Thus, in the given case, it can be inferred that for Jeff, the substitution effect is greater than the income effect.
Therefore, the correct answer is option C.
