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iogann1982 [59]
2 years ago
11

If the tax multiplier is 1. 5 and a $200 billion tax increase is implemented, what is the change in gdp, holding all else consta

nt? (assume the price level stays constant. ).
Business
1 answer:
larisa86 [58]2 years ago
5 0

Based on the information given  the change in GDP, holding all else constant is a $300 billion increase in GDP.

Using this formula

Change in GDP=Tax increase× Tax multiplier

Where:

Tax increase=$200 billion

Tax multiplier=1.5

Let plug in the formula

Change in GDP=$200 billion×1.5

Change in GDP=$300 billion increase

Inconclusion the change in GDP, holding all else constant is a $300 billion increase in GDP.

Learn more here:brainly.com/question/9991208

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CELL is the smallest level.........
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3 years ago
Kendrick is highly knowledgeable about new developments in computer technology, since he reads everything he can find about the
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Kendrick as a personel who is highly knowledgeable as regards new developments in computer technology, and in all means try to explore new computer parts and models can be regarded as an Innovator in the domain of diffusion of innovation curve.

  • The innovation adoption curve can be regarded as the curve that showcase how users falls into different categories, this is usually classified as per their willingness to accept new technology or an idea.

  • Kendrick, in this case try out the new computer part with all willingness.

Therefore, Kendrick can be seen as innovator.

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7 0
2 years ago
Pettit Company reports net income of $90,000 in 2019. However, ending inven- tory was understated $7,000. What is the correct ne
zimovet [89]

Answer:

<em>a)Corrected net income= $97,000</em>

<em>b) Total assets figure is understated.</em>

Explanation:

<em>To arrive at the net income, cost of goods sold is usually deducted from the sales revenue. An cost of sold is determined by subtracting the value of inventory. So an understated inventory would mean an overstated </em><em>cost of goods sold </em><em>and </em><em>understated net income</em>

<em>Correct net income = 90,000 + 7,000</em>

<em>                                 = $97,000</em>

<em>Inventory is part of current assets s reported in the balance sheet . Therefore, if inventory is understated it implies that the current assets figure is understated and therefore the</em><em> total assets figure is understated.</em>

<em />

8 0
3 years ago
United Contractors Inc. holds a lien on Vista Estates real property. This property can be sold to satisfy the debt if, before th
oee [108]

Answer:

The answer is Vista Estates

Explanation:

Before any sale can done done, notice must be given to Vista Estates. The property can now be sold after been giving proper notice.

Vista Estates still has the legal right of original ownership even though a lien has been placed on his property. A lien is a legal claim against a property.

7 0
3 years ago
If a Florida strawberry wholesaler operates in a perfectly competitive market, that wholesaler will have a _____ share of the ma
aniked [119]

Answer:

small; standardized; little or no

Explanation:

A perfect competition is when there are many firms in an industry selling standardised or identical goods and services. It is characterised by many buyers and sellers . Sellers have small market share because of the large number of sellers in the market. Prices are usually set by market forces. Sellers cannot influence the price their products sell for , therefore, they are price takers.

There is little or no need for advertising as all firms sell identical goods.

I hope my answer helps you.

7 0
3 years ago
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