Answer:
(a) 0.7
(b) 3.33
(c) -$210
(d) -$147
(e) -$1 trillion
Explanation:
(a) Marginal propensity to consume (MPC) = 0.7
(b) Multiplier of this economy:
= 3.33
(c) Decrease government purchases by $300 billion,
Initial change in consumption = Change in government purchases × MPC
= $300 × 0.7
= -$210 billion
(d) This decreases income yet again, causing a second change in consumption equal to:
= Initial change in consumption × MPC
= -$210 × 0.7
= -$147 billion
(e) The total change in demand resulting from the initial change in government spending is:
= Change in government purchases × Multiplier
= $300 × 3.33
= -$1 trillion
<span>This question is actually false. The type of contract described is actually a Sale or Return. When negotiating a Sale or Return, it is useful to define a period in which the goods will be returned if they are not satisfactory. It is also useful to have a requirement that the goods be returned unaltered and undamaged.</span>
Answer:
True
Explanation:
George Elton Mayo was well known for his theory about the human relations management which shed lights on things that drive employees motivation. The theory also tells about the factors which affects the productivity of employees, this lead to extensive research in this field which extended the field of human relations management. So it is true that scientific management study has a great contribution from Elton Mayo that lead to further studies of factors that increases the productivity of the employees.
The overall system<span> of </span>taxation<span> in the </span>United States<span> is progressive. </span>
Answer:
$3,250.00
Explanation:
Cost price for the truck is $42,000
Salvage value for truck is $3000
Depreciable amount is cost price - salvage value
= $42,000 - $3000
=$39,000
The truck has three years of useful life: depreciation per year will be
=$39,000/3
=$13,000
In 2019, the truck operated for three months, ( October, November, and December)
The amount of depreciation to be recorded in 2019
=$13,000/12 x 3
=$,083.3333333 x 3
=$3,250.00
