Assume that the MPS is 1/4 in an economy. An increase in investment spending of $20 billion will increase aggregate expenditures and GDP by:

When consumers discard their gasoline-powered automobiles for electric-powered ones, this partially reflects the of gasoline?

Lynch company manufactures and sells a single product. the following costs were incurred during the company’s first year of operations: variable costs per unit: manufacturing: direct materials $ 12 direct labor $ 6 variable manufacturing overhead $ 1 variable selling and administrative $ 1 fixed costs per year: fixed manufacturing overhead $ 308,000 fixed selling and administrative $ 218,000 during the year, the company produced 28,000 units and sold 15,000 units. the selling price of the company’s product is $56 per unit. required: 1. assume that the company uses absorption costing: a. compute the unit product cost. b. prepare an income statement for the year. 2. assume that the company uses variable costing: a. compute the unit product cost. b. prepare an income statement for the year.

Any point on a country's production possibilities frontier represents a combination of two goods that an economy: