Cyclical deficit - Study guides, Revision notes & Summaries

Actual economic growth The rate growth of GDP in a period Aggregate demand The total amount of spending on goods and services produced in an economy during a period of time Aggregate demand curve The relationship between the AD and the overall price level; it shoes planned expenditure at any given possible overall price level Automatic stabilisers Effects by which government expenditure adjusts to offset the effects of recession and boom without the need for active inter...

WGU C201 Business Acumen Questions With 100% Correct Answers 2023. Demand - Correct answer-refers to the willingness and ability of buyers to purchase goods and services at different prices Supply - Correct answer-the amount of goods and services for sale at different prices Economics - Correct answer-amounts to a balance between what we want and what we can afford Demand Curve - Correct answer-is a graph of the amount of a product that buyers will purchase at different prices Supply cur...

Absolute advantage When a country's output of a product per unit of input is greater than that of any other country. Absolute poverty When a person does not have the income or wealth to fulfil their basic needs. Aggregate Demand (AD) The total demand/spending in an economy at a given price level over a given period of time. Made up of consumption, investment, government spending and net external demand. Aggregate Supply (AS) The total amount of goods and services that c...

WGU C201 Business Acumen Questions With 100% Correct Answers 2023. Demand - Correct answer-refers to the willingness and ability of buyers to purchase goods and services at different prices Supply - Correct answer-the amount of goods and services for sale at different prices Economics - Correct answer-amounts to a balance between what we want and what we can afford Demand Curve - Correct answer-is a graph of the amount of a product that buyers will purchase at different prices Supply cur...

ECON 200 Final Exam Questions And Answers (Updated And Verified) Marginal - answerIf an individual pays an additional $0.30 in taxes as a result of a $1.00 increase in income, that individual has a(n)_____________ tax percent of 30 percent. rise; downward-sloping - answerSuppose that in a certain nation the flat income tax rate of 40 percent is reduced to 35 percent and as a result taxable income rises from $400 billion to $600 billion. Tax revenues _____________, indicating the nation is ...

ECONOMICS 21-25 QUESTIONS AND ANSWERS 100% PASS The gross domestic product (GDP) shrunk by 2 percent over a 12-month period. What can you infer about the economy? The GDP indicates an economic contraction. To calculate _[blank]_, the quantity of final goods and services are multiplied by the price. Which best completes the sentence? gross domestic product What is included in the consumer price index (CPI)? a sampling of goods across industries What is the consumer price index (CPI)? a meas...

WGU C201 Business Acumen Questions With 100% Correct Answers 2023. Demand - Correct answer-refers to the willingness and ability of buyers to purchase goods and services at different prices Supply - Correct answer-the amount of goods and services for sale at different prices Economics - Correct answer-amounts to a balance between what we want and what we can afford Demand Curve - Correct answer-is a graph of the amount of a product that buyers will purchase at different prices Supply cur...

1. Which is the primary goal of community health nursing? A. To support and supplement the efforts of the medical profession in the promotion of health and prevention of illness. B. To enhance the capacity of individuals, families and communities to cope with their health needs. C. To increase the productivity of the people by providing them with services that will increase their level of health. D. To contribute to national development through promotion of family welfare, focusing parti...

Globalisation: The process by which the world is becoming a single economy Sustainable Development: Development that meets the needs of current generations without compromising the needs of future generations Transfer Pricing: An account technique used by TNC's for reducing taxes on profits. By buying internally to ensure losses in high tax countries and profits declared in low tax regions. Capital Markets: Financial Markets which provide long-term borrowing and lending...