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That should be false because it says never and the person is student
Answer:
The government can reduce GDP by either:
- lowering government expenses
- increasing taxes which will lower consumption
- or a combination of both
Explanation:
currently total GDP = $100 billion (C) + $40 billion (I) + $20 billion (G) + $10 billion (X) = $170 billion
since the full employment GDP = $120 billion, the government must lower the GDP by $50 billion before inflation starts to rise.
The government can reduce GDP by either:
- lowering government expenses
- increasing taxes which will lower consumption
- or a combination of both
We aren't given any more information regarding MPC or MPS, so it is not possible to calculate by how much should government spending be lowered or taxes increased.
Answer: Demographic information
Explanation:
The demographic information is basically refers to the statistical data that is related to the specific group of the consumers.
The main use of the demographical information is that we can easily understand the each segment of the group of the customer in the business.
By using the demographical data we can easily understand the various types of characteristics in an organization such as work situation, income and the ethnicity by proper survey.
Therefore, Demographical information is the correct answer.