I’m working on a Economics exercise and need support.
Aggregate expenditure is the total amount of spending in the economy that determines the level of the GDP. Components of aggregate expenditure are autonomous expenditure, planned private investments, government expenditure, and net exports. When autonomous expenditure increases or decreases, it has a multiplied effect on the GDP.
Referring to the 10-year historical period that you chose for your final project, discuss an example of a change in autonomous spending. Research a government policy implemented during that time and discuss the multiplier effect it had on the economy.
Companies can choose from different costing methods: process/product costing and activity-based costing. Think about a company you know and answer the following:
- What are the differences between the two costing methods, and how do these apply to your company?
- What are some ABC cost drivers the company might use?
- How could the costs differ if one method is chosen over the other?
- Which method would you recommend for your company, and why?