In Preparing Their Estimates of the Stimulus Package's Effect on GDP,Obama

question 135

Multiple Choice

In preparing their estimates of the stimulus package's effect on GDP,Obama administration economists estimated a government purchases multiplier of 1.57.This indicates that a $1 billion increase in government purchases would increase equilibrium real GDP by

• A)$1 billion.
• B)$1.57 billion.
• C)$15.7 billion.
• D)$157 billion.

Understand the role of individual and group behaviors in organizational effectiveness.

Understand the relationship between disposable income and savings.

Explain the connection between consumption, investment, and disposable income.

Identify the factors that influence investment decisions.

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Definitions:

Toddler

A young child, especially one who is learning or has recently learned to walk, typically aged between one and three years old.

Blood Pressure

The force of circulating blood on the walls of the arteries, often measured as an indicator of cardiovascular health.

School-Age Child

A developmental stage referring to children who are attending elementary school, generally ages 6-12 years.

Health Problems

Various physical or mental conditions that disrupt or decrease the quality of life or normal functioning of an individual.