If MPC = 0

question 183

Multiple Choice

If MPC = 0.5, a simultaneous increase in both taxes and government spending of $20 will

• A)decrease GDP by $20.
• B)decrease GDP by $40.
• C)increase GDP by $20.
• D)increase GDP by $40.

Identify the characteristics of variable interest entities (VIEs) and understand the consolidation requirements.

Compute and recognize consolidation entries for intra-entity bond transactions.

Determine the amount of goodwill in a business combination.

Understand the procedures for preparing a consolidated statement of cash flows, including the treatment of intra-entity transactions.

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