Why is there a two-way link between consumption and GDP?
Question:
Why is there a “two-way” link between consumption and GDP?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (5 reviews)
Consumption is part of aggregate expenditure so an ...View the full answer
Answered By
Divya Munir
I hold M.Sc and M.Phil degrees in mathematics from CCS University, India and also have a MS degree in information management from Asian institute of technology, Bangkok, Thailand. I have worked at a international school in Bangkok as a IT teacher. Presently, I am working from home as a online Math/Statistics tutor. I have more than 10 years of online tutoring experience. My students have always excelled in their studies.
4.90+
0 Reviews
10+ Question Solved
Related Book For
Macroeconomics Canada In The Global Environment
ISBN: 9780321931207
9th Edition
Authors: Michael Parkin, Robin Bade
Question Posted:
Students also viewed these Business questions
-
Why is there a trade-off between the amount of consumption that people can enjoy today and the amount of consumption that they can enjoy in the future? Why cant people enjoy more of both? How does...
-
Why is there a lower limit on the mass of a star? Why is there an upper limit to the mass of a star?
-
Why is there a lower limit on the mass of a star? Why is there an upper limit to the mass of a star?
-
Molecular weight data for some polymer are tabulated here. Compute the following: (a) The number-average molecular weight (b) The weight-average molecular weight. (c) If it is known that this...
-
Consider a queueing system with two servers, where the customers arrive from two different sources. From source 1, the customers always arrive 2 at a time, where the time between consecutive arrivals...
-
Identify the sampling risks inherent in sampling for attributes.
-
Describe the Project Management Body of Knowledge (PMBOK) and be familiar with its knowledge areas and process groups. AppendixLO1
-
Weatherly Lumber Company processes wood pulp for manufacturing various paper products. The company employs a process costing system for its manufacturing operations. All direct materials are added at...
-
marks \ table [ [ , Production departments,Bervike departiments ] , [ , A , 8 , c , x , r ] , [ Totel primary aibcation, R , 2 9 0 0 0 , 2 2 9 2 0 0 0 , 2 6 2 7 0 0 0 , 1 3 2 6 4 0 0 , 1 3 n s i n
-
Four Horsepeople Technologies Inc is launching new Internet marketing software. Its product uses advanced algorithms to create and place advertisements faster and in more convenient locations on a...
-
If the consumption function shifts upward, what happens to the saving function? Why?
-
Explain why changes in consumer spending and business investment play a large role in the business cycle.
-
What are the two methods for accounting for debt investments? Explain how the methods differ in valuing investments on the balance sheet. Explain how the methods differ in their treatment of gains...
-
What are the key differences between OLTP (Online Transaction Processing) and OLAP (Online Analytical Processing) databases, and how do they cater to distinct business requirements ?
-
__________ refers to speaking up with good intentions about work-related issues, rather than remaining silent. Multiple Choice Neutralizing Micromanagement Filtering Voice Collaborating
-
Consider Michael Porter's Five Forces Model and use the enclosed form to evaluate the OCSIP industry in Jamaica.
-
Petesy Corporation is preparing its Master Budget for 2019. Budget information is as follows: Sales Production Cost Operating Expenses 2019 1 st Quarter P280,000 P192,000 P64,000 2 nd Quarter 320,000...
-
Design a DFA to recognize any valid fractional numbers of the form . where is at most 3 digits and is any number of digits. However, fractional part can never have more digits than the wholepart. If...
-
Find the exact value of expression. tan -1 3
-
For Problem estimate the change in y for the given change in x. y = f(x), f'(12) = 30, x increases from 12 to 12.2
-
Sara withdraws $1,000 from her savings account at the TD Bank, keeps $50 in cash, and deposits the balance in her checking account at the TD Bank. What is the immediate change in M1 and M2?
-
Rapid inflation in Brazil in the early 1990s caused the cruzeiro to lose its ability to function as money. Which of the following commodities would most likely have taken the place of the cruzeiro in...
-
A 26-year-old Montreal man appears to have succeeded in his quest to barter a single, red paperclip all the way up to a house. It took almost a year and 14 trades. Is barter a means of payment? Is it...
-
Suppose First Fidelity Bank engaged in the following transactions: (Click the icon to view the transactions.) Journalize the 2018 and 2019 transactions on First Fidelity's books. Explanations are not...
-
Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance Assets Cash Accounts receivable Inventory Plant and equipment, net...
-
Supply costs at Coulthard Corporation's chain of gyms are listed below: March April May June July August September October November Client-Visits 11,666 11,462 11,994 13,900 11,726 11, 212 12,006...
Study smarter with the SolutionInn App