Recently, the level of gdp has declined by $60 billion in an economy where the marginal propensity to consume is 0.75. aggregate expenditures must have fallen by select one:

a. $45 billion.

b. $30 billion.

c. $15 billion.

d. $60 billion.

Record the journal entry for the provision for uncollectible accounts under each of the following independent assumptions: a. the allowance for doubtful accounts before adjustment has a credit balance of $500. b. the allowance for doubtful accounts before adjustment has a debit balance of $250. c. assume that octoberʼs credit sales were $70,000. uncollectible accounts expense is estimated at 2% of sales. smith, gaylord n.. excel applications for accounting principles (p. 51). cengage textbook. kindle edition.