If a government is trying to encourage economic growth, they would do all of these things except raise taxes. Raising taxes has the opposite effect and will slow growth because it takes more money out of the economy that could be used for growth and expansion.
Answer will be ‘Desire’ according to me.
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
Answer: Temperature is a quantitative data.
Explanation:
A quantitative data deals with number and object that can b e measured objectively. Temperature is a quantitative data because it can be measured in numbers. Numerical values that are countable are assigned to it. Temperature is a quantitative data because numerical values, found by either measuring or counting are used to describe the data. Monthly temperatures are assign ed numerical and countable values which can be measured objectively.
Answer: Decline in GDP = $1009.3 billion
Explanation:
Okun's law shows us the relationship between a nation's unemployment rate and its level of output or real GDP.
According to the Okun's law,
Therefore, a 7% decline in GDP as compared to the level in 2009 means,
= 1009.33 billion or 1009.3 billion
Thus, GDP declined by $1009.3 billion.
