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SVEN [57.7K]
4 years ago
10

If aggregate expenditures increase by $14 billion and equilibrium GDP consequently increases by $70 billion, then the marginal p

ropensity to consume in the economy must be
Business
1 answer:
Alchen [17]4 years ago
7 0

Answer:

0.2

Explanation:

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

Marginal propensity to consume is the proportion of disposable income that is spent on consumption

Marginal propensity to consume = amount consumed / disposable income

Marginal propensity to save is the proportion of disposable income that is saved

Marginal propensity to save = amount saved / disposable income

MPC + MPS = 1

MPC = $14 billion /  $70 billion = 0.2

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ElenaW [278]

1. According to DeSoto, 3rd world countries like South America, which have capitalist economies but are not getting rich due to political crises and dictatorships.

2. The author also argues that more efforts is needed than just adopting the capitalist regime, it is essential to develop the system through strategic actions that guarantee ROL, and economic growth measures.

3. China has a Communist party with capitalist characteristics, for example, with the opening of the Chinese market, which constituted a great and rapid development in the productive and industrial system of the country.

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It is an economic system whose focus is an accumulation of wealth and profitability through private property and the means of production. It is based on the free market with less state intervention.

Therefore, the author argues in favor of capitalism and its positive characteristics for the economy, politics and society as a whole.

Find out more about capitalism here:

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5 0
3 years ago
Developing and evaluating solutions to reduce the gap between desired process performance and current performance is the final s
leva [86]

Answer: False

Explanation:

The six sigma DMAIC approach for process improvement is a way of improving performance in such a way that it makes the company more profitable as well as improving customer relations and satisfaction.

The DMAIC is an acronym that stands for the the steps in the process as seen in the graph attached.

The above statement about Developing and Evaluating Solutions to make a company perform better is not the final step in the process as it falls under the fourth step, which is to Improve.

The final step is Control. Here the main focus is on preserving what has been achieved. It works by monitoring the situation and ensuring that the process improves if a loophole is spotted.

7 0
3 years ago
If a baker notifies you that he will not deliver the bread for your restaurant. You must try to find bread even if it costs more
IgorLugansk [536]

Answer:

true

Explanation:

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6 0
3 years ago
As an office manager, if you had to pick three practice management ratios to do on a monthly basis, which three would you pick?
svetoff [14.1K]
As an office manager there are ratios and reports that need to be monitored on a monthly basis while others are part of the year-end report and review. The ratios that are being chosen are Current Ratio, Operating Margin and Working Capital. The one of the practice management ratios that is the most important is the Current Ratio or also known as Solvency Ratio. Current in a financial report indicates that it can either exchange the asset to cash within a one-year period or the liability is due within one year. Current assets are assets that can be changed to cash within one year. Current assets are cash, cash equivalents, accounts receivable, bad debt allowance, and any inventory that is on hand. Current liabilities are notices that must be funded within one year. Current liabilities are all notes and accounts payable due within one year, interest payable, wages payable, and income taxes payable. It is an signal of the business ability to pay back its short term accountability. To obtain this, the business should take all the current assets and distribute to current accountability. If the current ratio is less than one, this specifies the company has more debt due within one year than it has assets it can use to pay those debts.
6 0
3 years ago
"You are working late tonight. Everyone else has gone home for the day, but you’ve been working on the presentation you’ll be gi
Pavel [41]

Explanation:

In this case, as the presentation that you will make with your team at the sales meeting will take place in the afternoon and you need an answer in the morning, the ideal would be to use an email to send the message you want and get the response in less time.

Work e-mails are a tool that makes communication more efficient and faster regardless of the presence of other professionals in person, which speeds up decision-making processes and makes work faster and more effective as a whole, since e-mail is a form of instant communication where important and essential business messages can be conveyed.

4 0
3 years ago
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