From april 2018 to july 2018, business inventories increased by $ 26 billion. *real-time data provided by federal reserve economic data (fred), federal reserve bank of saint louis. can we tell from this information whether aggregate expenditure was higher or lower than gdp during this quarter? if not, what other information do we need?
a. aggregate expenditure was greater than gdp in this quarter.
b. there is not enough information to determine the relationship between aggregate expenditure and gdp.
c. aggregate expenditure was equal to gdp in this quarter.
d. aggregate expenditure was less than gdp in this quarter.

answer; encouraging the development of innovations by firms attempting to break a monopoly; (creative destruction)

a progressive tax is a tax that imposes a lower tax rate on low-income earners compared to those with a higher income, making it based on the taxpayer's ability to pay. that means it takes a bigger percentage from high income earners than it does from low income people.

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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