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Generally, as the proportion of middle-income households in a country __________, the __________ a nation's
A. increases; greater
B. increases; less
C. decreases; greater
D. decreases; less
E. There is no relationship at all
This is the concept of purchasing power.
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- In the Income-Expenditure model, which of the following are assumed to be given (or exogenous)? a Incomes and expenditures b. None of these c. Prices and incomes d. Expenditures and Prices e. Prices and interest rates For this year. • You earn a before-tax income of $77,000, on which you pay taxes equal to $4,000. • You receive $4,000 in benefits from the government. What is your disposable income this year? Do not enter the $ sign. Round to one decimal place if required. Answer:1. What relationship does the income expenditure model represent? Why is it used?What is induced spending? Select one: A. The portion of total spending that is dependent of the level of income. B. The portion of total spending that is independent of the level of income. C. The portion of income that is dependent on the level of spending. * D. The level of spending which varies with the level of prices.
- How does the increase in interest rates raise the chances of a recession? How can we expect the increase in interest rates to affect the consumption of the poorest 20% and richest 20% of households?Assume that a nation's marginal propensity to consume (MPC) is 0.75. A highiy productive, cost-cutting technology is developed for the production of commercial airplanes. The total industry expenditure in this nation is $100 million for the immediate acquisition and adoption of this technology. (a) For this nation, identify and explain how much this spending on new technology will change each of the following in the first round: i. Income (GDP) L. Saving i. Consumption (b) Assuming a closed economy and no leakages, identify and explain how much this spending on new technology will change each of the following at the end of the final round: i. Income (GDP) ii. Saving li. ConsumptionDefine the term inventories?
- Which of the following would cause the level of income to change by the greatest amount? a. An increase in defense spending of $20 billion. b. An increase in social security payments of $20 billion. c. A reduction in personal income taxes of $20 billion. d. The changes suggested above have equal impacts on the level of income.Which of the following is NOT accounted in the expenditure approach? a. Food b. Furniture c. Used cars d. EducationIII. In a particular very small region, the consumer price index, C, depends on the current valuc of gross regional domcstic expenditure E, number of people living in poverty P, and the average number of household members in a family F, by the following formula: 3 e-Ep C = 100 + F If it is known that the gross regional domestic expenditure is decreasing at a rate of PHP 50 per year, and the number of people living in poverty and the average number of household members in a family are increasing at 3 and 1 per year, resp., how fast does the consumer price index change per year at the moment when E = 1,000, P = 200, and F = 5?
- please assist Which of the following represent injections into the circular flow of income (2) and spending?(a) Exports and investment;(b) Government spending and imports;(c) Government spending and saving; (d) Imports and saving.In the circular-flow diagram, the goods markets are where: (2) (a) The households purchase goods from firms;(b) Firms purchase goods from government;(c) Firms purchase goods from households;(d) The government purchases goods from households.Money overcomes the problem of a double coincidence of wants inherent in (2) the barter system through its function as a:(a) unit of account.(b) store of value.(c) medium of exchange.(d) standard of deferred payment.(a) precautionary; interest rates (b) transactions; national income (c) speculative; interest rates(d) precautionary; national income Multiple-choice questions: Select one correct answer for each of the following. In your answer booklet, write…4. Do you think that incomes and purchasing power are related? Are companies required to pay their employees more to compensate for higher costs of living?Please give a detailed solution with an explanation. Please double-check your sources and make sure the answer is 100% correct. Make sure all questions are answered too.Blank Answer #1:value of all goods and services produced in the economy in the base yearcost of a given market basket of goods and servicesvalue of all goods and services produced in the economy this yearBlank Answer #2:this year's pricesthe base year's pricesBlank Answer #3:value of all goods and services produced in the economy in the base yearcost of a given market basket of goods and servicesvalue of all goods and services produced in the economy this yearBlank Answer #4:this year's pricesthe base year's pricesBlank Answer #5:produced domesticallybought by consumers