Assume That the Marginal Propensity to Consume Is 0

question 278

Multiple Choice

Assume that the marginal propensity to consume is 0.8. Government purchases of goods and services increase by $100 billion, financed by a $100 billion tax increase. Real GDP will:

• A)expand by $100 billion.
• B)contract by $100 billion.
• C)expand by $500 billion.
• D)expand by $400 billion.

Understand the basis and applications of phylogenetic tree construction, including methods and challenges.

Differentiate among various virus types based on their genetic material and replication strategies.

Recognize the implications of viral and bacterial interactions with hosts, including disease mechanisms and resistance strategies.

Comprehend the evolutionary relationships and adaptations of organisms based on genetic and genomic analyses.

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Definitions:

Loss on Disposal

The financial loss incurred when an asset is sold for less than its carrying value on the books.

Other Revenue

Income generated from activities not related to a company’s primary operations.

Fixed Assets

Long-lasting physical resources used in the functioning of a business, not expected to be spent or transformed into cash over the course of one year.

Current Assets

Resources intended to be turned into cash, disposed of, or utilized within a period of one year or the duration of the company's usual operational cycle, depending on which of the two extends longer.