For a Given Level of National Income,a Decrease in Government

question 84

Multiple Choice

For a given level of national income,a decrease in government tax revenues will cause

• A)a decrease in national saving.
• B)an increase in national saving.
• C)an increase in the growth rate.
• D)no effect on national saving.
• E)a decrease in consumption.

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Definitions:

Gross Requirements

The total amount of materials or components needed to manufacture a product or meet demand before considering any existing inventory.

MRP Record Calculations

Computations involved in Material Requirements Planning, a systematic approach to planning, scheduling, and inventory control to manage manufacturing processes.

Cumulative Lead Time

The sum of all lead times involved in the process of completing a product, from raw material acquisition to finished good.

Assembly

The process of putting together components or parts to form a finished product.