If real GDP is $200 billion, full employment GDP is $400 billion, and the marginal propensity to consume is 0.75, then Congress should-----
increase government purchases by spending by $50 billion.
What is marginal propensity?
In economics, the marginal propensity to consume (MPC) is defined as the proportion of an aggregate raise in pay that a consumer spends on the consumption of goods and services, as opposed to saving it.
Full employment:
is an economic situation in which all available labor resources are being used in the most efficient way possible. Full employment embodies the highest amount of skilled and unskilled labor that can be employed within an economy at any given time.
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Answer:
Companies have a corporate social responsibility towards their environment.
Explanation:
Corporate social responsibility implies that companies are expected to engage in industrial practices that would not result in harm to their environment. For example, the amount of carbon being released into the environment must be controlled as excessive release of carbon can be detrimental to health. It is also not right for waste to be discharged into the oceans because the health of the sea animals, the ocean itself and those who swim in it are at risk.
To promote sustainability, companies avoid practices that would eventually harm their environment. Abiding by these practices might take a longer route, but is eventually cost effective and beneficial.
Answer:
The maximum that should be paid for the stock today is P0 = $19.82758621 rounded off to $19.83
Explanation:
Using the zero growth model of dividend discount model, we can calculate the price of the stock today. The DDM values a stock based on the present value of the expected future dividends from the stock. The formula for price today under this model is,
P0 = Dividend / r
Where,
-
r is the required rate of return
P0 = 2.3 / 0.1160
P0 = $19.82758621 rounded off to $19.83
The correct answer for USATestprep, LLC - Online State-Specific Review and Assessments ECONOMICS is . . .
C) opportunity cost
Answer: Air transport is an important enabler to achieving economic growth and development. Air transport facilitates integration into the global economy and provides vital connectivity on a national, regional, and international scale. It helps generate trade, promote tourism, and create employment opportunities.
Explanation:High Costs: Air transport is a costly service. Its operational costs are too high. Middle class and poor people can not affect its cash.
More Risks: Air transport is prone to accidents. A small mistake can be very dangerous for passengers. ...
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