Nancy owns a gas station in a small town. her friend chuck owns the only other station in the community. one day, nancy and chu
1 answer:
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Answer:
(B) $20 billion
Explanation:
Given a certain level of MPC, an increase in government spending (G) by a certain amount translates to an increase in aggregate demand (AD) through the relationship below.
where Δ means <em>change.</em>
<em />
Therefore, given ΔAD of $50 billion, and MPC of 0.6,
=
=
= ΔG = 50 * 0.4 = 20
Therefore, increase in government purchases = $20 billion.
Answer:
correct answer is c. You both have the same amount of money
Explanation:
given data
invest = $1000
pay compound interest = 10%
pay simple interest = 10%
time = 1 year
solution
we get here difference in the total amount that is your friend money - your money .................1
so difference in the total amount = invest × - [ invest + ( invest × rate × time) ] ......................2
put here value
difference in the total amount = $1000 × - [$1000 + ( 1000 × 10% × 1) ]
difference in the total amount = 0
so correct answer is c. You both have the same amount of money