The spending that would occur during the third round of spending if the marginal propensity to consume (MPC) was 0.6 will be $420 billion.
- Increase in expenditure = $700 billion.
- Marginal propensity to consume = 0.6
The amount of spending based on the information given will be:
= 0.6 × $700 billion
= $420 billion.
Therefore, the correct option is $420 billion.
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Answer: Aggregate demand would shift to the left due to a decrease in US exports.
Explanation When the dollar appreciated against foreign currencies, U.S. goods and services become relatively more expensive, reducing exports and boosting imports in the United States. Such a reduction in net exports reduces aggregate demand.
Answer:
$10,200,000.
Explanation:
End inventory + Sales - Begin inventory = # of units that need to be produced
# of units that need to be produced @ $30 per = Your answer
Answer:
Total cost= $40.3
Explanation:
Giving the following information:
The activity rates associated with each activity pool are:
$8.30 per guest check-in
$20.00 per room cleaning
$4.00 per served meal (not including food).
Tara Washington visited the hotel for a 3-night stay. Washington had 6 meals in the hotel during her visit.
Total cost= 8.30*1 + 20*1 + 4*3= $40.3
