The Table Gives Data for a Private Closed Economy

question 60

Multiple Choice

$$\begin{array} { | c | c | } \hline \begin{array} { c } \text { Possible Levels of Domestic Output and } \\\text { Income } ( G D P = D I ) \end{array} & \text { Consumption } \\\hline \$ 320 & \$ 320 \\\hline 330 & 327 \\\hline 340 & 334 \\\hline 350 & 341 \\\hline 360 & 348 \\\hline 370 & 355 \\\hline 380 & 362 \\\hline\end{array}$$ The table gives data for a private closed economy. The MPS is

• A) 7/10.
• B) 3/10.
• C) 2/5.
• D) 3/5.

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Definitions:

Situation Analysis

An assessment conducted by an organization to identify its internal strengths and weaknesses, along with external opportunities and threats to craft strategic plans.

Competitive Forces

The various external pressures that businesses face in the marketplace, including competition from other firms, the bargaining power of suppliers and customers, and the threat of new entrants and substitute products.

Mission Statement

A formal summary of the aims and values of a company, organization, or individual.

BCG Matrix

A strategic business tool that categorizes a company’s products or services into four types (Stars, Question Marks, Cash Cows, Dogs) based on market growth and market share.