Answer:
Are ups and downs in the level of economic activity
Explanation:
Business cycles is defined as the various ups and downs in the economic activities of a particular nations. These ups and downs are generally measured by the fluctuations in the macro economic variables. These macro economic variables includes:
(i) Gross domestic product (GDP)
(ii) Employment
(iii) Rate of consumption
There are four major phases in the process of business cycle are as follows:
(i) Expansion
(ii) Peak
(iii) Contraction
(iv) Trough
One of the most significant disadvantages of conducting a gap analysis or map is the loss of time and money. Typically, an organization will hire a consultant to conduct the assessment; however, participation takes valuable time away from project participants.
<h3>What is a gap analysis or map?</h3>
A gap analysis is a method of evaluating a business unit's performance to determine whether or not business requirements or targets are being met and, if not, what steps should be taken to meet them.
A gap analysis is also known as a needs analysis, a needs assessment or a need-gap analysis. Performing a skills gap analysis may increase your costs. This is due to the fact that employees frequently stop or interrupt their productivity while participating.
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Given:
ΔY = $5,000, the change in income
ΔS = 50,000 - 54,000 = - 4,000, the change in savings.
By definition,
MPS (Marginal Propensity to Spend) is
MPS = ΔS/ΔY = -4000/5000 = -0.8
The relation between MPS and MPC (Marginal Propensity to Consume) is
MPS + MPC = 1.
Therefore
MPC - 0.8 = 1
MPC = 1.8
Answer:
MPS = 0.8
MPC = 1.8
<span>Weather specialists or weathermen are reporters about weather
warnings, with no formal meteorological training. Even though they have no formal trainings, they are
important especially on major incidents because they are the ones who give
forecasts or weather warnings. In so doing, they can protect people’s life and
property. </span>
