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
To reduce the cost of higher education, what should not be done is to get low grades, because they can sanction you and you will have to repeat some subjects.
<h3>What is higher education?</h3>
Higher education is the education that a person accesses to specialize professionally in an area of knowledge. Higher education is found in universities and there different specialized subjects are taken around a profession.
<h3>What to do to reduce the value of higher education?</h3>
To reduce the value of higher education, some students access scholarships that allow them to reduce these costs. However, scholarships generally require them to have high grades and maintain a high level of academic performance.
Therefore, if we want to reduce these costs we must get high grades and maintain a high average. On the other hand, if our grades are low, we are going to increase costs because we are going to have to pay for additional classes or repeat some of them.
Learn more about higher education in: brainly.com/question/2500637
#SPJ1
Answer:
a. Minimizes the amount of input resources without compromising quality.
Explanation:
Efficiency is when productive resources are measured inorder to achieve goal. Task are performed at its best with the least cost and less energy in measuring efficiency
Effectiveness measures goals completeness selected by managers for the organization. It means doing the right thing as expected of the organization.
For China to be efficient, she must minimize the amount of input resources without compromising quality. An efficient manager must perform a task qualitatively with the available resources, least cost and in the best way possible.
It can affect the company's ability to get a lending (borrow money). It can also affect the chances of finding an investor.