Answer:
a. 0.8
b. 5
c. 0.9 and 10
Explanation:
a. The formula to compute the MPC is shown below:
= (Change in consumption) ÷ (Change in investment income)
= $16 billion ÷ $20 billion
= 0.8
b. The formula to compute the size of the multiplier is shown below:
= 1 ÷ (1 - MPC)
= 1 ÷ (1 - 0.8)
= 1 ÷ 0.2
= 5
c. If the change of the consumption increases, then the MPC would be
= (Change in consumption) ÷ (Change in investment income)
= $18 billion ÷ $20 billion
= 0.9
And, the size of the multiplier would be
= 1 ÷ (1 - 0.9)
= 1 ÷ 0.1
= 10
Answer: The deficit is lower when compared to 2010.
Explanation:
The United States Budget for 2010 titled "A New Era of Responsibility: Renewing America's Promise by President Barack Obama's budget in 2010 was $3.456 trillion for expenditure and total revenue was $2.163 which led to a budget deficit of $1.294 trillion.
In 2019, the revenue was $3.422 and expenditure was $4.407 which led to a budget deficit was $985. It can be deduced that there has been a reduction in the budget deficit when compared to 2010.
A. The type of manufacturing industry being carried on by Ravi and Raaj with the manufacturing of air purifiers is <u>Gadget manufacturing</u>.
B. The type of trade as per geographical concentration is national trade.
C. The auxiliaries to trade highlighted in the above case include:
- Banking
- Marketing
- Logistics or Storage.
<h3>What are the types of manufacturing industries?</h3>
Types of manufacturing include:
- Clothing and Textiles
- Petroleum, Chemicals, and Plastics
- Electronics (Gadgets), Computers, and Transportation
- Food Production
- Metal Manufacturing
- Wood, Leather, and Paper industries.
Thus, the type of manufacturing industry being carried on by Ravi and Raaj with the manufacturing of air purifiers is <u>Gadget manufacturing</u>.
Learn more about the manufacturing industry at brainly.com/question/26254445
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Answer: External secondary data
Explanation:
External secondary data are data gathered and saved by someone or a body that is not part of one's organization. Sources of External secondary data includes published materials, computerised databases and syndicated services.
Note that how difficult or easier it will be getting a secondary data will depend on the methods used in storing and indexing it.
Answer:
c. 120
Explanation:
The economic order quantity is the minimum amount of inventory that a seller must keep to demand and lower the holding cost. The formula for Economic order quantity is represented by the formula:
EOQ =
EOQ =
EOQ = 120