Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 23, 2024

58 Question (1 point) 2nd attempt Suppose that an economy has a real GDP of $60,000 with autonomous consumption of $7,000. If the marginal proposensity

58 Question (1 point) 2nd attempt Suppose that an economy has a real GDP of $60,000 with autonomous consumption of $7,000. If the marginal proposensity to consume (MPC) is 0.80, what would be the total consumption? $62000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Statement Analysis And Business Valuation Case Studies Using Excel

Authors: Dr Alessio Faccia

1st Edition

979-8863186412

More Books

Students also viewed these Accounting questions

Question

★★★★★

The average salary of Major League Baseball players on opening day from 2000 to 2015 is stored in BBSalaries and shown below. a. Plot the data. b. Compute a linear trend forecasting equation and plot...

Answered: 1 week ago

Question

★★★★★

A taxpayer is required by law to provide a tax payers name, address, and tax identification number on a schedule be when reporting interests from which of the following sources on the return

Answered: 1 week ago

Question

★★★★★

Warren has a bacterial infection that has affected the ability of the rods in his eyes to function correctly. This should have the greatest impact on which of the following? a. Visual clarity b....

Answered: 1 week ago

Question

★★★★★

A challenge facing auditors is the wide array of professional guidance available to them in the audits of different types of entities. Required: a. Describe Statements on Auditing Standards, Interim...

Answered: 1 week ago

Question

★★★★★

58 Question (1 point) 2nd attempt Suppose that an economy has a real GDP of $60,000 with autonomous consumption of $7,000. If the marginal proposensity to consume (MPC) is 0.80, what would be the...

Answered: 1 week ago

Question

★★★★★

Bramble started her own consulting firm, Bramble Corp., on May 1, 2022. The unadjusted trial balance at May 31 is as follows. Bramble Corp. Trial Balance May 31, 2022 Account Number Debit Credit 101...

Answered: 1 week ago

Question

★★★★★

Recursion Lab Longest Palindrome Subsequence (LPS) is a "poster child" for recursion and very hard to solve in any other way. In this lab you will create class named LPS and within that class you...

Answered: 1 week ago

Question

★★★★★

9. If an S corp., a calendar year taxpayer, has 72 individual shareholders and one of those shareholders sells his shares to a corporation on June 25, 20X6, when does the S corporation's tax year...

Answered: 1 week ago

Question

★★★★★

The freight forwarder has four different exporters with cargo going from Toronto to Paris via AirFrance. What contract is going to be signed between the freight forwarder and Air France? a. Master...

Answered: 1 week ago

Question

★★★★★

The data set below includes a random sample of the number of tornadoes that touched down in the United States for 5 months out of one year. What is the variance? Round your answer to the nearest...

Answered: 1 week ago

Question

★★★★★

Problem 11. The shares of Microsoft were trading on Nasdaq on January 1 at $41. A Swedish investor purchased 100 shares of Microsoft at that price. The Swedish kroner to dollar exchange rate then was...

Answered: 1 week ago

Question

★★★★★

1. How could Uber retain its dominant position in the US market? Are there services and/or geographic niche markets where Uber should accommodate Lyft?

Answered: 1 week ago

Question

★★★★★

3. Discuss whether the brand portfolio of Banyan Tree, Angsana, and Cassia, as well as the product portfolio of beach resorts, services residences, city hotels, spas, galleries, and museum shops fit...

Answered: 1 week ago

Question

★★★★★

2. Evaluate Banyan Trees brand positioning and communications strategies. Can Banyan Tree maintain its unique positioning in an increasingly overcrowded resorts market?

Answered: 1 week ago

Previous Question Next Question