Scenario 13-1 -Refer to Scenario 13-1

question 261

Multiple Choice

Scenario 13-1. Assume the following information for an imaginary, closed economy. $$\begin{array} { l } \text { GDP } = \$ 120,000 ; \text { consumption } = \$ 70,000 ; \text { private savng } = \$ 9,000 \text {; } \\\text { national saving } = \$ 12,000\end{array}$$
-Refer to Scenario 13-1. For this economy, government purchases amount to

• A)$12,000.
• B)$18,000.
• C)$28,000.
• D)$38,000.

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Definitions:

Redemption Rates

The rate at which consumers redeem coupons, vouchers, or other promotional offers.

Coupons

Vouchers or codes that offer a discount or rebate on the purchase of products or services.

Arbitrary Approach

A method based on individual judgment or preference rather than objective logic or system.

Promotion Mix

The combination of promotional tools used by an organization, including advertising, sales promotion, public relations, personal selling, and direct marketing.