GDP stands for gross domestic product.
MPC stands for marginal propensity to consume (the ratio of the ratio of change in consumption to change in income)
From MPC you obtain the GDP Multiplier, which gives the relationship between a change in a particular expenditure and the GDP.
This is: Change in GDP = Mutliplier * Change in expenditure
The multiplier is equal to 1 / [ 1 - MPC].
Now use that information to calculations.
<span>Change in GDP with MPC of 0.9
multiplier = 1 / [1 - 0.9 ] = 1 / 0.1 = 10
Change in GDP = 8 billions*10 = 80 billions.
Change in GDP with MPC of 0.8 </span>
multiplier = 1 / [1 - 0.8] = 1 /0.2 = 5
Change in GDP = 8 billions*5 = 40 billions
"Values-based culture encourages employees to express concerns, bring up ethical issues, and take a proactive approach toward resolving conflicts.
VBO director never changes his or her prime values, beliefs, or principles. VBO is a living, inhaling culture of shared core values among all employees.
Answer:
A year.
Explanation:
Leading indicators tell something about the short-term future of an economy. Investors tend to pay more attention to leading indicators than to lagging indicators, which are those that illustrate the economic effects of a business cycle upturn or downturn.
Some leading indicators are: stock price changes, invetory changes and building permits.
The price of soda would go-nowhere-because that is SOOO unrealistic! But it would go down because the more you have of something the cheaper it is
Answer: A.True
Explanation: Marketing continues up till after sales activities such as getting feedback and after sales observation and sales repair and servicing. The marketing process starts from the product development. The activities carried out by sales representatives of HomeWork Helper Appliances Store will help to push up their sales and customer satisfaction which will help them to retain customers and build more customer confidence and customer loyalty.