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LUCKY_DIMON [66]
3 years ago
12

According to the expenditure approach, if Y is GDP, C is consumption, I is investment, G is government purchases, and NX is net

exports, the national income identity can be written as:
Business
1 answer:
lidiya [134]3 years ago
6 0

Answer:

The answer is Y = C + I + G + NX

Explanation:

National income can be represented as: Y = C + I + G + NX

where Y is the national income

C is the consumers' consumption or households' expenses on goods and services

I is the firms' investment. Investment done by businesses on procuring non-current assets used in production

G is the government expenditure.

NX is the net export. Net export is the difference between the total value of export and total value of import in a year.

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The greater the value of the marginal propensity to consume A. the greater the value of autonomous consumption. B. the greater t
just olya [345]

Answer:

C. the greater the value of the multiplier

Explanation:

As we know that

The formula to compute the Government spending multiplier is shown below:

Government spending multiplier = 1 ÷ (1 - marginal propensity to consume)

where,

Marginal propensity to consume refers to the change in consumption with regard to the change in income

So if the value of the marginal propensity to consume is higher than there would also increase in the value of the multiplier and in the same proportion it would be greater

4 0
3 years ago
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Which type of promotion would you use to attract costumers quickly with the help of coupons, samples, and free gifts?
kicyunya [14]

Answer:

Sales promotion

Explanation:

Sales promotion is a marketing strategy of stimulating the demand for a product by offering attractive incentives to customers or retailers.  Sales promotion aims at increasing the sales volumes of a product. It involves the use of persuasive tactics to convince the customer to buy. The effects of a sales promotion are usually short-term but may lead to the acquisition of long term customers. Some of the sales promotions commonly used include

  1. Issuing discount coupons.
  2. Free gifts
  3. Discount vouchers
  4. Loyalty cards
4 0
3 years ago
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Consumers sell goods or services for a profit.<br><br> True<br> False
Alenkinab [10]
The answer is True. because in Economics when the MC is equal to ATP the seller losses and leave the market.
Also profit motivate seller.
3 0
3 years ago
Fiat money has an alternative use as an economic good, while commodity money did not. True or false
Drupady [299]

Answer:

False

Explanation:

Commodity money is money whose value comes from a commodity of which it is made. Commodity money consists of objects having value or use in themselves (intrinsic value) as well as their value in buying goods.

Fiat money is a currency without intrinsic value that has been established as money, often by government regulation. Fiat money does not have use value.

4 0
3 years ago
Functions of money and barter
blagie [28]

Solution :

When the people of this economy trades three of their goods, the price of the good must list 1 price and then the economy requires 3 prices for the people to carry transactions.

Suppose the number of the goods that people trade increases to 15 number, then the price of the goods must list one price and the number of the price that the economy requires increases to 15.

Money has an intrinsic value and it is the unit of account, while that of the currency is the measure of the value and have a purchasing power that government is bestowed on it being a legal tender.

The store of the value characteristics is negatively impacted. But because the ongoing increase in the cost of the standard implies inflation that means that the value of the assets as accounted by the store has a value function as the money decreases.

Even when the cost of the living increases, the money serves as the best medium of exchange and a unit of the account.

Double coincidence of the wants is the barter system that is required.

7 0
2 years ago
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