Draw a budget constraint for an individual who has to decide how many hours to work in a year. Assume that the maximum number of hours of labor in a year are 4000 (2 full time jobs), and that this worker can earn $10 an hour. Draw an initial indifference curve that represents selecting 2500 hours of work a year

What is the eventual effect on real gdp if the government increases its purchases of goods and services by $80,000? assume the marginal propensity to consume (mpc) is 0.75. $ what is the eventual effect on real gdp if the government, instead of changing its spending, increases transfers by $80,000? assume the mpc has not changed. $ an increase in government transfers or taxes, as opposed to an increase in government purchases of goods and services, will result in an identical eventual effect on real gdp. a smaller eventual effect on real gdp. a larger eventual effect on real gdp. no change to real gdp.

Blank is the internal operation that arranges information resources to support business performance and outcomes

Explain the relationship between consumers and producers in economic growth and activity