Assume That GDP = $10,000 and the MPC = 0

question 184

Multiple Choice

Assume that GDP = $10,000 and the MPC = 0.75. If policy makers want to increase GDP by 30 percent, by how much should they decrease taxes?

• A) $300
• B) $750
• C) $1,000
• D) $3,000

Recognize the importance of timely and contingent reinforcement.

Apply the concepts of reinforcement to practical scenarios in organizational behavior.

Analyze the effectiveness of different types of reinforcers within the context of employee management.

Explain the role of antecedents and consequences in shaping behavior through operant conditioning.

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Definitions:

Single-Step Income Statement

A simplified financial statement that calculates net income by subtracting expenses from revenues in one step.

Net Income

The final amount a company keeps as profit after paying off all expenses and taxes from its revenues.

FOB Shipping Point

A term in shipping agreements where the buyer is responsible for the goods and their transportation cost as soon as they leave the seller's premises.

Ownership of Merchandise

The legal right or title to goods and inventory held by a business for sale.