A customer service representative loses his job because his company adopted a new software that does most of his job automatically. This is an example of technological unemployment.
<h3>What is technological unemployment?</h3>
This are happen when an individual losses her Job due to the use of technology.
The new technology now handles the works and the service of the individual is no longer require.
Therefore, A customer service representative loses his job because his company adopted a new software that does most of his job automatically. This is an example of technological unemployment.
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15. Unemployment is closely watched by the government due to the fact that the amount of people in the U.S that are bringing in revenue, effects the economy.
Answer:
0.75
Explanation:
Marginal Propensity to Consume (MPC) is the change in consumption due to change in income
Change in consumption = $7,250 - $6,500 = $750
Change in income = $11,000 - $10,000 = $1,000
MPC = Change in consumption / Change in income
MPC = 750 / 100
MPC = 0.75
In accounting, the formula for common-size percent is (Amount / Base amount) * 100.
<h3>What is a common size income statement?</h3>
This is a financial statement where every line item are expressed as a percentage of the value of sales in other to make analysis easier.
In this analysis, the percentage of the base is the ratio of the line item versus the total amount.
Thus, the formula for common-size percent is (Amount / Base amount) * 100.
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Answer: d. fall and aggregate demand to decrease.
Explanation: When household savings increase, the consumption will fall, as the money which should be spent on consumption such as food, clothing and other products will reduce in other to foster household saving. Also, aggregate demand which is used to measure the total amount of demand for goods and services produced in an economy will also decrease as increase in aggregate demand will inadvertently lead to decrease in household saving.
Therefore, increase in savings requires reduction in spending and demand for products.
