Scenario 34-1

question 105

Multiple Choice

Scenario 34-1. Take the following information as given for a small economy:
• When income is $10,000, consumption spending is $6,500.
• When income is $11,000, consumption spending is $7,250.
-Refer to Scenario 34-1. The multiplier for this economy is

• A)2.85.
• B)1.53.
• C)4.00.
• D)7.00.

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Definitions:

Management Information System

An organized system for collecting, storing, analyzing, and disseminating information for the purpose of facilitating management decision-making processes.

Information Technology

Leveraging computers, storage units, networking components, and other material devices, foundations, and processes to develop, handle, keep safe, store, and distribute all varieties of electronic data.

Specific Information Needs

The precise data or knowledge required by an individual or organization to make decisions or solve problems.

Understandable

Capable of being comprehended or grasped mentally.