Last Year, Total Income Increased $1,000 and Consumption Increased $800

question 113

Short Answer

Last year, total income increased $1,000 and consumption increased $800. An increase in government spending equal to $10 would cause output to increase by $_____ because the multiplier is ______.

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Definitions:

Employee Safety

Workplace practices and policies designed to protect employees from injury or illness resulting from job-related activities.

Hours of Work

The specific times during which employees are expected to carry out their job duties.

Health and Well-being

The state of complete physical, mental, and social wellness, not merely the absence of disease or infirmity.

Occupational Safety

The discipline concerned with designing, implementing, and enforcing safe workplace conditions to prevent work-related injuries and illnesses.