The Table Given Below Reports the Value of Real GDP

question 65

Multiple Choice

The table given below reports the value of real GDP and its components consumption (C) , investment (I) , exports, and imports for two consecutive years.
Table 10.3
$\begin{array}{l}\begin{array}{|c|c|c|c|c|c|}\hline & \text { Equilibrium } & & & & \\\hline & \text { Real GDP } & \text { C } & \text { I } & \text { Exports } & \text { Imports } \\\hline \text { Year 1 } & \$ 9,350 & \$ 7,500 & \$ 1,350 & \$ 1,800 & - \\\hline \text { Year 2 } & \$ 11,450 & \$ 8,900 & - & \$ 2,350 & \$ 1,600 \\\hline\end{array}\\\text { Assume that government spending is zero for this economy. }\end{array}$
-Consider Table 10.3 to calculate the value of the MPC.

• A) 0.75
• B) 0.67
• C) 0.25
• D) 0.33
• E) 0.80

Recognize the significance of key legislation in shaping labor rights and practices.

Comprehend the impact of labor laws on the relationship between employers, employees, and unions.

Analyze recent changes and trends in public sector bargaining laws.

Describe the legal mechanisms available for addressing unethical or illegal behaviors within unions.

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Definitions:

Defensive Self-Esteem

A form of self-esteem that is fragile and highly sensitive to criticism or perceived threats.

Self-Serving Bias

The common tendency to attribute one's successes to personal characteristics and one's failures to external factors.

Angry When Criticized

A behavioral response where individuals display anger or irritation in response to criticism, reflecting a possible sensitivity to negative feedback.

Ambiguous and Confusing

Descriptions or situations that are unclear, open to more than one interpretation, and cause confusion.