Given the import function, Z = 300 + 2/3Y, which of the following statements is correct? (a) The marginal propensity to save is 1/3; (b) The induced component is 300; (c) 2/3 is the proportion of any income spent on imports; (d) None of the statements is correc
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Given the import function, Z = 300 + 2/3Y, which of the following statements is correct?
(a) The marginal propensity to save is 1/3;
(b) The induced component is 300;
(c) 2/3 is the proportion of any income spent on imports;
(d) None of the statements is correc
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- If consumption is $30,000 when income is $35,000, and consumption increases to $36,000 when income increases to $43,000, the MPC is Group of answer choices 0.80. 0.65. 0.75. 0.95.Explain all subparts b, c and d.In a project you are managing if you estimated the optimistic (a), most likely(m) and pessimistic (b)times for activity B to be 5, 8 and 10 days respectively then the best estimate for the meaning of activity B is? a.7.67 b. 7.83 c. 8.00 d. 10.00
- Techstreet.com is a small web design business that provides services for two main types of websites: brochure sites and e-commerce sites. One package involves an up-front payment of $90,000 and monthly payments of 1.4¢ per “hit.” Kathy Cutler has a new eBay franchise and is considering the e-commerce package. She expects to have at least 6000 hits per month, and hopes that 1.5% of the hits will result in a sale. If the average income from sales (after fees and expenses) is $150, what rate of return per month will Kathy realize if she uses the website for 2 years?Break even analysis utilizes both current and projected figures. In a rapidly changing economy, there are many individuals who are finding that their initial break even analyses were incorrect. In your opinion, what could be done to minimize errors in projections?Luke is an engineering consultant who lives North Carolina and works around the world. In 2019 Luke traveled to Costa Rica for 2 weeks and provided consulting services to a Costa Rican developer. All of the work took place in Costa Rica. He was paid $14,000 USD by the developer. Luke claimed this income on his 2019 U.S. tax return. Which of the following is correct regarding how the final value of this service will appear in national income accounts? <choose all that are correct> Group of answer choices $14,000 will appear in US GDP. $14,000 will appear in US GNP. $14,000 will appear in Costa Rica's GDP. $14,000 will appear in Costa Rica's GNP.