If the Government Decreased Its Purchases of Goods and Services

question 78

Multiple Choice

If the government decreased its purchases of goods and services by $4,000, and this resulted in an eventual decrease in GDP and income of $10,000, the MPC would be equal to

• A) 2.5.
• B) 1.5.
• C) 0.6.
• D) 0.4.

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Definitions:

Types of Organizations

Categories or classifications of organizations based on their purposes, structures, and nature of work, such as non-profit, corporate, governmental, etc.

Servant Leadership

A leadership philosophy that emphasizes the leader's role as a servant first, prioritizing the needs of followers, organizations, or communities above their own.

Group Performance

The efficacy and outcome of a group's ability to achieve its goals or objectives.

Team Potency

The collective belief of a team in its own effectiveness and ability to successfully accomplish tasks.