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Equation (1): C = aY + b
where C is consumption, a is the marginal propensity to consume, b is autonomous consumption, and Y is GDP.
1. Suppose a country was comprised of two regions, A and B. The GDP of each region is given by YA and YB, respectively. Assuming equation 1 holds, write down an expression for the whole country's GDP and its level of consumption.
2. Re-write the equation as a formula for the level of GDP in region B (denoted YB), as a function YB (C,YA ) of total consumption (C) and GDP in region A (YA ).
3. Treating GDP in region A as a fixed number, sketch this function with GDP in region B on the vertical axis and consumption on the horizontal axis.
Project: There are five essential principles of management. These include planning, organizing, directing, controlling, and leading.
What stages might you take if you were the project manager? Would your decisions be different if the probability was intended as 0.75
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The Stock of VIC Corporation is trading at $39.63. The price-earnings ratio is 16 times earnings. The earnings per share for VIC Corporation is... A)$2.84 B)$2.48 C)$4.96 D)$6.34
Knowing future training needs does allow the human resource manager to prepare for training. An effective training program requires preparation by the human resource manager. Training preparation requires an understanding of how people learn
For a fictitious business you want to start, develop a PowerPoint presentation for a venture capitalist. Include a Notes view with the words you plan to use in the presentation.
The topics is the wide field of Human Resource Management. Would this field interest you as a possible career path?
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