Answer:
Real GDP will decrease by $50 billion.
Explanation:
In order to calculate the net effect of a reduction in consumption of $10 billion, we need to identify the multiplier first.
Multiplier = 1 / marginal propensity to save
Marginal propensity = 1 - marginal propensity to consume = 1-0.8 = 0.2
Multiplier = 1 /0.2 = 5
The net change then of a reduction by 10 billion = 10 * 5 = $50 billion
Hope that helps.
Answer
The answer and procedures of the exercise are attached in the following image.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
Answer:
The ending balance in the retained earnings account is $31400.
Explanation:
The ending balance in the retained earnings accounts is equal to the opening balance of the retained earnings account plus the addition to the retained earnings for the year.
The addition to retained earnings will be the Net income less dividends.
The net income for the year was = 75200 - 55000 = $20200
Addition to Retained earnings = 20200 - 12600 = $7600
Closing balance of retained earnings = 23800 + 7600 = $31400
Answer:
True
Explanation:
Job Specification is comprehensive set statement to demonstrate the pre-requisite of any job for which any hiring is to be done. Job specification includes information about job designation, location , roles and responsibilities, qualifications, skill set required, experience in terms of number of years, job objective and other necessary details specific to the job.
The objective of job specification is
- To ensure that people with only right skill apply for job
- It makes easier to filter out candidates based on the mapping of requirement and candidate profile
- It makes easier for hired person to understand his responsibilities and get molded it into the role easily.
Since the problem says that Career builder has posted for sales management position which includes information on number years of experience and educational qualification, which is part of job specification and hence the statement is true.
