Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 13, 2024

6. If disposable income is $600 billion when the average propensity to consume is 0.7. Find savings. (1 mark) disposable income IS $600 billion when

6. If disposable income is $600 billion when the average propensity to consume is 0.7. Find savings. (1 mark)

disposable income IS $600 billion when the average propensity to consume is 0.7. Find savings. $(l mark)

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

International Business

Authors: Michael Czinkota, Iikka A. Ronkainen, Michael H. Moffett

8th edition

470530658, 470530650, 978-0470530658

More Books

Students also viewed these Economics questions

Question

★★★★★

What is the difference between gross margin and manufacturing margin?

Answered: 1 week ago

Question

★★★★★

List the components of job descriptions.

Answered: 1 week ago

Question

★★★★★

During a football season in the English Premier League in football, Manchester United won 25 games, had 9 draws, and lost 4 games. If we do not know the order that United faced their opponents, so...

Answered: 1 week ago

Question

★★★★★

The following ledger accounts are for Afocentric Service Company: a. Supplies b. Utilities Expense c. Accounts Receivable d. D. Minimus, Capital e. Land f. Prepaid Rent g. Accounts Payable h....

Answered: 1 week ago

Question

★★★★★

Click the icon to view transactions) Record the transactions in the journal of Mora Corporation Record des Erst the credits Select the explanation on the last line of the jouma entry table) Jan...

Answered: 1 week ago

Question

★★★★★

Blossom Manufacturing makes a single product. Budgeted manufacturing costs are as follows: Variable costs Direct materials $ 6 . 7 0 per unit Direct labor 2 . 6 0 per unit Manufacturing overhead , 1...

Answered: 1 week ago

Question

★★★★★

Federal Holdings consumes about 72,000 kg of flour per year. The company is open 360 days a year. The ordering cost is RM15 per order and the supplier will deliver the order in 3 days. To overcome...

Answered: 1 week ago

Question

★★★★★

Utilize this assignment to explore career options in the field of an "Human Resource Director." Please type at least one page in length about an Human Resource Director. Make sure your response...

Answered: 1 week ago

Question

★★★★★

Lakisha and Zara are partners in a small suburban law office. They want to determine who should deal with employment contracts. Lakisha can write a will in three hours, or an employment contract in...

Answered: 1 week ago

Question

★★★★★

Chronos Watches Ltd. The company designs and builds specialty time pieces. The following data is from the Assembly department for the most recent month. Watches Direct Materials $ % Direct Labour $ %...

Answered: 1 week ago

Question

★★★★★

Read the case McDonald's Corporation. Discuss the following four (4) questions: How are customer tastes changing in the fast-food industry? What impact do these changes have on McDonald's? What are...

Answered: 1 week ago

Question

★★★★★

Allalysis. 1. Enter your data in Excel and generate a least squares linear graph of capacitance vs 1/d. 2. Record the equation of the of the line. 3. Using the mathematical model of a capacitor,...

Answered: 1 week ago

Question

★★★★★

5. What do we mean when we say that social facts are mental constructions? Explain this with an example from your own everyday life.

Answered: 1 week ago

Question

★★★★★

4. What is meant by the following statement, What we take for granted in a social situation may actually prove to be mechanisms that govern how we evaluate and act in the situation?

Answered: 1 week ago

Question

★★★★★

6. What is meant by the following statement, the methods used to uncover (construct) reality guide our thinking and actions in relation to this reality?

Answered: 1 week ago

Previous Question Next Question