Figure 32-5 Refer to This Diagram of the Open-Economy Macroeconomic Model to Model

question 88

Multiple Choice

Figure 32-5
Refer to this diagram of the open-economy macroeconomic model to answer the questions below.

-Refer to Figure 32-5.Starting from 3% and .75,an increase in the government budget surplus can be illustrated as a move to

• A)4% and 1
• B)4% and .5
• C)2% and 1
• D)2% and .5

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Definitions:

Awareness Stage

The initial phase in the buying process where potential customers first become aware of a product or service.

Consumer Development Stage

A phase in the consumer lifecycle where individuals or groups evolve in their purchasing patterns and preferences.

Evaluation Stage

The phase in decision-making where alternatives are assessed against a set of criteria to select the best option.

Percentage of Sales Budgeting

A method of budgeting where advertising and promotional expenses are based on a fixed percentage of the past or projected sales.