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CaHeK987 [17]
3 years ago
12

The Italian government decides to stimulate the economy by sending checks worth $70 billion to Italian consumers If the governme

nt spending multiplier is 1.5, calculate the MPC to determine the final change in Italy is real GDP due to the transfer. Please give your answer as a whole number in billions of dollars
Business
1 answer:
ludmilkaskok [199]3 years ago
5 0

<u>Answer:</u>$35 Billion

<u>Explanation:</u>

Marginal propensity to consume means the raise in income of the consumer which the consumer is willing to pay for the goods and services. The proportional increase in income of the Italian people will increase their amount spent of goods. MPC differs based on the income of the consumers. Here the Italian government to increase economic activity checks have been send to the customers for spending.

The real GDP can be calculated as follows.

MPC = ($70 billion)(1.5) = $105 billion

GDP= $105 - $70 billion = $35 billion

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nikdorinn [45]

Answer:

$22.2 billion

Explanation:

Calculation to determine How much would they report as LIFO cost of goods sold

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Therefore How much would they report as LIFO cost of goods sold would be $22.2 billion

7 0
3 years ago
what will most likely still occur when the economy has achieved full employment? a.frictional, seasonal, and cyclical unemployme
topjm [15]
The right answer for the question that is being asked and shown above is that: "<span>c.Frictional, seasonal, and structural unemployment " </span>most likely still occur when the economy has achieved full employment is that <span>c.Frictional, seasonal, and structural unemployment </span>
5 0
3 years ago
Supler Corporation produces a part used in the manufacture of one of its products. The unit product cost is $21, computed as fol
Len [333]

Answer:

$4 advantage

Explanation:

In this question we need to compare the cost between the relevant cost and the outside supplier cost

The relevant cost is

= Direct material per unit + direct labor per unit + variable manufacturing overhead per unit + fixed manufacturing overhead per unit

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3 0
3 years ago
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Masteriza [31]

Answer:

World Trade Organization (WTO)

Explanation:

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The World Trade Organization (WTO) is currently headed by Roberto Azevedo, a Brazilian.

6 0
4 years ago
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Ray Of Light [21]

Answer:

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Explanation:

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7 0
3 years ago
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