Ford announces that it will add 2000 salaried jobs to its Canadian workforce this month. The average salary for the employees is 50,000 and the propensity to consume is 0.3 Assuming the money goes into the economy as one large injection of money at the beginning of the year, what will be the overall growth in Economic output for the year?
Ford announces that it will add 2000 salaried jobs to its Canadian workforce this month. The average salary for the employees is 50,000 and the propensity to consume is 0.3 Assuming the money goes into the economy as one large injection of money at the beginning of the year, what will be the overall growth in Economic output for the year?
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter24: The Aggregate Demand/aggregate Supply Model
Section: Chapter Questions
Problem 10SCQ: Many financial analysts and economists eagerly await the press releases for the reports on the home...
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Ford announces that it will add 2000 salaried jobs to its Canadian workforce this month.
The average salary for the employees is 50,000 and the propensity to consume is 0.3
Assuming the money goes into the economy as one large injection of money at the
beginning of the year, what will be the overall growth in Economic output for
the year?
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