Suppose the government increases education spending by $20 billion. How much additional consumption will this increase cause?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 65% (20 reviews)
We are assuming an MPC of 075 the Additional government education spe...View the full answer
Answered By
Hamza Amjad
Currently I am student in master degree program.from last two year I am tutring in Academy and I tought many O/A level student in home tution.
4.80+
3+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
Suppose the government increases education spending by $20 billion. If the marginal propensity to consume is 0.80, how much will total spending increase?
-
Suppose the government increases expenditures by 120 billion dollars while increasing taxes by 120 billion dollars, and mpc = 0.8. Assume that there is no crowing out, or acceleration effects. What...
-
Suppose the government increases transfers. Carefully explain the effect on the equilibrium GDP in the Keynesian income-expenditure model?
-
Water flowing in a positive x-direction passes through a 90 elbow in a 6-inch-diameter pipeline and heads in a positive y-direction with a flow rate of 3.05 ft3/sec. Compute the magnitude and...
-
Why do auditors and accountants place such a high emphasis on segregation of duties? What kinds of segregation of duties are important in accounting applications? Give an example of a segregation of...
-
Bathurst Company began April with inventory of $200,000. The business made net purchases of $600,000 and had net sales of $900,000 before a fire destroyed the company's inventory. For the past...
-
Production and Consumption. What is the production and consumption of China and France without trade? They assume that China and France each have 1,000 production units. With one unit of production...
-
Park Manufacturing Company has been producing three products: frisbees, volleyballs, and croquet. Now that the plant has been shifted to an assembly-line operation, a fourth product, bocce, has been...
-
sketch the region of integration and evaluate the integral. ex dy dx, Your sketch should be approximately the same as one of the graphs shown below; which is the correct region? Graph ? Then e dy dx...
-
In February of 2023, during the preparation of Julia's 2022 return, you explained to her the options for using either the section 179 deduction or special depreciation for the purchases of her 2022...
-
The federal government increases spending by $1 billion to develop a new fighter jet. If the MPC in the economy is 0.1, what will be the overall spending effect on the economy? Show your work.
-
What are the four elements necessary to form an enforceable traditional contract or an e-contract? What affect does lack of contractual capacity have on any of the three elements? How might a...
-
The total factory overhead for Urban Styles, Inc., is budgeted for the year at $225,000, divided into four activities: cutting, $22,500; sewing, $45,000; setup, $100,000; and inspection, $57,500....
-
What are the components of audit risk?
-
What is a walk-through test?
-
List some limitations of internal control.
-
List some possible wages frauds.
-
What is meant by: representative, population; sampling units?
-
If Indian Telecom Company earned INR 350,000 (Indian rupee) in net income, and paid cash dividends of INR 70,000, what are Indian Telecoms earnings per share if it has 100,000 shares outstanding?
-
(a) Bright Sdn Bhd (BSB) is a tax resident manufacturing company in Johor, which involves in ceramic tiles. Currently, BSBs annual sales turnover has been forecasted to be around RM 300,000 for the...
-
Use Monte Carlo simulation to approximate the area under the curve f (x) = x, over the interval 1/2 x 3/2.
-
Refer to PE 3-1. Make the journal entry necessary to record the transaction. Data from PE 3-1 Allendorf Company borrowed $85,000 in cash from Eastern Bank.
-
Refer to PE 3-2. Make the journal entry necessary to record the transaction. Data from PE 3-2 Allendorf Company used $45,000 in cash to purchase land on the west side of Hatu Lake.
-
Refer to PE 3-3. Make the journal entry necessary to record the transaction. Data from PE 3-3 Allendorf Company used $30,000 in cash to repay a portion of its bank loan (see PE 3-1). For simplicity,...
-
Generally, if an employer pays for an employee's health, or medical insurance under a "cafeteria" plan, (which is a plan that gives the employee a certain amount of money that he or she can "spend"...
-
Page 379 11.5. Identify the steps, players, and political tensions in making the state budget Complete the following statement. Complete the passage by filling in the blank(s). Drag the word(s) below...
-
Which of the following statements is correct concerning the days' sales in raw materials inventory ratio? Multiple Choice It is calculated by taking the Raw materials used/Average raw materials...
Study smarter with the SolutionInn App