Suppose That GDP (Y) Is 5,000

question 59

Multiple Choice

Suppose that GDP (Y) is 5,000. Consumption is given by the equation C = 500 + 0.5(Y - T) . Investment (I) is given by the equation I = 2,000 - 100r, where r is the real interest rate in percent. Government spending (G) is 1,000 and taxes (T) is also 1,000. When a technological innovation changes the investment function to I = 3,000 - 100r:

• A)I rises by 1,000 and r rises by 10 percentage points.
• B)I rises by 1,000 and r is unchanged.
• C)I is unchanged and r rises by 10 percentage points.
• D)I is unchanged and r rises by 15 percentage points.

Distinguish between routine operational reports, email reports, and short reports, focusing on their specifics and application contexts.

Understand the common arrangement of prefatory pages in reports.

Recognize the importance of coherence helpers in report writing.

Distinguish between short and long reports.

---

Definitions:

Arithmetic Sequence

A sequence of numbers in which each term after the first is obtained by adding a constant difference to the preceding term.

Recursive Definition

A definition of a function, sequence, or process in which the next term is defined in terms of previous terms.

Common Difference

The consistent difference between consecutive terms in an arithmetic sequence.

Common Difference

The difference between successive terms in an arithmetic sequence.