Answer:
The answer is "The third worker".
Explanation:
Please find the correct question in the attachment file.
from 50 units down to 36 units.
Answer: D produces more good and services
Explanation:
Edg 2021
Answer:
A. Nominal income adjusted for inflation.
Explanation:
Real income is simply the amount usually in monetary terms a person, enterprise or others makes after accounting for inflation. It is also called real wage that is an individual's income.
Real income are also defined as Income that is adjusted to inflation.
Nominal income are defined as income not adjusted to inflation.
Answer:
$2,000 billion
Explanation:
We calculate the value multiplier. We get the multiplier by using the equation, ms= 1 ÷ (1 – MPC).
ms= 1÷(1-0.7)
ms= 1÷(0.3)
ms=3.33
With a marginal propensity to consume of 0.7, our multiplier is gotten as 3.3. An increase in government spending of $600 billion been multiplied by the multiplier will give us $2,000 billion increase in real GDP. So the GPD for for marginal propensity consume of 0.7 is $2,000 billion.
Answer:
a. The price levelb. The inflation rate
Explanation:
If the Fed doubles the growth rate of the quantity of money in the economy, the supply of money in the economy would rise. The rise in money supply would increase the price level and inflation level.
Inflation is a persistent rise in the general price levels
I hope my answer helps you
