Author Question: If a 10 increase in government expenditure produces a change of 17 in gross domestic product, the ... (Read 128 times)

londonang

  • Hero Member
  • *****
  • Posts: 540
If a 10 increase in government expenditure produces a change of 17 in gross domestic product, the value of the government expenditure multiplier is ________.
 
  A) 27 B) 1.7 C) 7 D) 170

Question 2

What are the two techniques to optimization? How do the techniques differ?
 
  What will be an ideal response?


memslove

  • Sr. Member
  • ****
  • Posts: 321
Answer to Question 1

B

Answer to Question 2

Optimization can be achieved using either of two techniques: optimization in levels or optimization in differences. Although both techniques provide identical results, there are differences between them. Optimization in levels analyzes the total net benefit of different alternatives, whereas optimization in differences analyzes the change in net benefits when switching from one alternative to another. Optimization in differences is often faster to implement than optimization in levels, because optimization in differences only focuses on the way alternatives differ.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

For a complete list of videos, visit our video library