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Answer:
Therefore government purchases is $300 million
Explanation:
In this case, GDP is the sum of consumption, investment, and government purchases. To calculate the value of consumption we use the formula:
CC + II + GG = Y
GG = Y - CC - II
Where:
government purchases = GG
taxes minus transfer payments (TT) = $260 million
consumption (CC) = $300 million
investment (II) = $300 million
Y = country GDP = $800 million
GG = Y - CC - II
Substituting:
GG = $800 million - $300 milllion - $300 million
GG = $200 million
Therefore government purchases is $300 million
Answer: c. To understand which variables are the cause and which variables are the effect of a phenomenon
Explanation:
The options include:
a. To describe the characteristics of relevant groups, such as consumers, salespeople, organizations, or market areas
b. to determine the degree to which marketing variables are associated
c. to understand which variables are the cause and which variables are the effect of a phenomenon
d. to determine the perceptions of product.
Descriptive research simply refers to a research type that is used in the description of a population that the researcher is studying.
It simply answers questions such as when, what or how in the research. The subject of the research is being described here.
From the options given, we should note that the descriptive research isn't conducted to understand which variables are the cause and which variables are the effect of a phenomenon.
Overall, Snead's Snack Bar earned more in July, with $2600, while in June they only earn $2500
Answer:
g. Three additional stores owned by Kristin’s company are managed by recent Wharton graduates, and all three managers have increased sales by 18 percent for each of the past three years.
Explanation:
Firstly, the former manager who retired increased sales by 15 percent every year for the past five years. Secondly, based on the performance of recent Wharton graduates, who were managers at three additional stores owned by Kristin's company and were able to perform better than this former manager who just retired by increasing sales by 18 for the past three years in their respective stores. Kristin can therefore conclude to higher Roger Benson to repeat the same stellar performance.