Explanation:
a. The computation is shown below:
As we know that
Multiplier = 1 ÷ 1 - MPC
1.5 = 1 ÷ 1 - MPC
So, MPC is 0.3333
Now the real GDP is
= Multiplier × Government spending
= 0.3333 × $70 billion
= $105 million
So the change in real GDP is
= $105 million - $70 million
= $35 million
b. The computation is shown below:
As we know that
Multiplier = 1 ÷ 1 - MPC
Multiplier = 1 ÷ 1 - 0.6
So, multiplier is 2.5
Now the real GDP is
= Multiplier × Government spending
= 2.5 × $16 billion
= -$40 million
c. As we know that
Real GDP = Multiplier × Government spending
$280 billion = Multiplier × $70 billion
So, the multiplier is 4
Now the MPC is
Multiplier = 1 ÷ 1 - MPC
4 = 1 ÷ 1 - MPC
So, the multiplier is 0.75
Answer:
1. $31,000
2. $40,000
Explanation:
1. Computation of bad debt expenses for the year
Bad debt expenses = Credit sales × Bad debts expenses
= $1,550,000 × 2%
= $31,000
2. Computation of year end balance
Year end balance = Beginning balance + Bad debt expense - Written off
= $31,000 + $31,000 - $22,000
= $40,000
Therefore for computing the bad debt expenses and year end balance we simply applied the above formula.
you did not provide any statements but ik it can put you in debt
Answer:
b. encourages people to engage in behaviors directly related to goal accomplishment
Explanation:
When companies engage in planning, they establish a guide for the operations, setting goals and preparing the strategies and actions that will help accomplish those goals. Because of this, planning helps the employees to focus and work towards achieving the objectives.
There are different kinds of draft. Once you are signed up for overdraft protection, you cannot opt out is a false statement.
<h3>Can one opt out of overdraft protection?</h3>
When a person have already signed up for overdraft protection, The person can contact the bank so as to opt out.
Here, Your debit card will be rejected once you exceed your balance, but you will not be able to be hit with overdraft fees.
learn more about overdraft from
brainly.com/question/25772671
