If the marginal propensity to consume is 0.6, then real GDP will increase by $250 billion.
<h3>What will be the real GDP?</h3>
Real GDP is the gross domestic product of a country that has been adjusted for inflation. Gross domestic product is the total value of all the final goods and services that is produced by a country in a particular period.
Marginal propensity to consume is portion of disposable income that is spent on consumption. Marginal propensity to consume can also be described as the amount of real GDP that is spent on consumption. When spending increases, the value of the real GDP would also increase. The increase in real GDP would be as a result of an increase in spending and saving.
Increase in Real GDP = (MPC x increase in spending) + (MPS x increase in spending)
(100 x 0.6) + [(1 - 0.6) x 100 ] = $250 billion
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Answer= The entry to record this transaction would include:
A debit to Organization Expenses for $5,000.
A credit to common stock for $4,000 and Paid in capital in excess of par-Common Stock of $1,000
Explanation:
Common stock = 400 x $10= $4000
Accounts Debit Credit
Organisation expense $5,000
Common stock $4,000
Paid in capital in excess of par value
of common stock $1,000
( $5000 - $4000)
Answer:
Which one of the following is most apt to align management's priorities with shareholders' interests?-Holding corporate and shareholder meetings at high-end resort-type locations preferred by managers-Compensating managers with shares of stock that must be held for a minimum of three years-Paying a special management bonus on every fifth year of employment-Increasing the number of paid holidays that long-term employees are entitled to receive peppe
Answer:
Job #1
Explanation:
Job#1
$40,050/year
Creative projects
Open space instead of offices
Coworkers are loud and often laughing
Job #1 would be a perfect fix for Mercedes as she prefers the job with at least $40,000 and she wants to work in the enviroment with little supervision. According to Mercede's requirements, Job #1 suits Mercedes as it has creative projects, open space instead of cabins or cubicles, and an environment she always wanted.
Answer:
The correct answer is: supply; leftward.
Explanation:
An import quota is a kind of trade restriction that limits the physical quantity of a good that can be imported on a country. In other words, an import quota reduces the equilibrium quantity supplied of imported goods.
A more restrictive import quota on Japanese video game systems will reduce the quantity of gaming systems imported. This reduction in the supply of video game systems will shift their supply curve to the left. The quantity of gaming systems will decline and their equilibrium price will increase.