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vaieri
1 month ago
15

A random sample of voters found that 180 out of 320 people were in favor of a gas tax. election results found that 36,000 people

voted in favor of the gas tax. which is a good prediction for the total number of people who voted on the gas tax issue
Business
2 answers:
soldi70 [3.6K]1 month ago
6 0
The answer is: 64,000. If 180 out of 320 individuals supported the gas tax, that implies 140 opposed it (320 - 180), given that all votes are valid. The ratio between supporters and opponents is 180 to 140, simplified to 9:7. Knowing that 36,000 individuals voted in support, let T represent the total number of participants in the vote. The equation is 9/(9 + 7) × T = 36,000, which simplifies to (9/16)T = 36,000. By multiplying through, we find 9T = 36,000 × 16, leading to T = 36,000 × 16/9. Thus, T equals 64,000 participants in the voting process.
harina [3.8K]1 month ago
4 0
In the survey, out of every 320 participants, 180 supported the gas tax. Consequently, to determine the total number of supporters, if 36,000 voted in favor, the number of groups represented by 180 supporters is calculated as 36,000/180 = 200 groups. Each group of 180 supporters corresponds to 360 voters total. Thus, 200 × 360 yields a total of 72,000 individuals participating in the vote.
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Consider a hypothetical closed economy in which households spend $0.65 of each additional dollar they earn and save the remainin
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Answer:The marginal propensity to consume (MPC) is 0.65

The multiplier or k = 2.85714 rounded to 2.86

Explanation:

The MPC pertains to the fraction of additional disposable income that consumers choose to spend. It is used to gauge the consumption increase driven by rising income.

MPC can be calculated as follows,

MPC = Change in consumption / change in income

MPC = 0.65 / 1

MPC = 0.65

To derive the multiplier, we apply this formula,

Multiplier or k = 1 / (1 - MPC)

k = 1 / (1 - 0.65)

k = 2.85714 rounded to 2.86

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