Suppose C = 100 + 0

question 49

Multiple Choice

Suppose C = 100 + 0.6(Y - T) and T = 200,I = 150,G = 250 and NX = 50.Then,suppose government purchases are reduced from G = 250 to G = 240,and at the same time net exports increase from NX = 50 to NX = 70.The net result is an increase in Y (GDP) of

• A) 25.
• B) 35.
• C) 45.
• D) 50.
• E) 65.

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Definitions:

Material Requirements Planning

A production planning, scheduling, and inventory control system used to manage manufacturing processes efficiently.

Master Production Schedule

A detailed plan that outlines what a manufacturing facility will produce, in what quantities, and when, to meet anticipated demand.

Bill of Material

A comprehensive list of raw materials, components, and instructions required to construct, manufacture, or repair a product or service.

Inventory Records

Documentation that tracks the quantity, value, and location of products or materials held by a company.