1. It is true that: A. equal increases in government spending and taxes do not change the equilibrium GDP.B. equal increases in government spending and taxes reduce the equilibrium GDP.C. equal increases in government spending and taxes increase the equilibrium GDP.D. taxes have a stronger effect upon equilibrium GDP than do government purchases. 2. What will be the effect of an excess of planned investment over saving in a private closed economy with unemployed resources? A. a decline in the rate of interestB. an unintended accumulation of inventories by businessesC. a rise in the real GDPD. the Federal budget will automatically move toward a deficit 3. All of the following are economic implications of the recent rise in the average rate of productivity growth except: A. a lower natural rate of unemployment.B. larger outward shifts of the economy’s production possibilities curve.C. an end to the business cycle.D. a greater rate of economic growth.9. The historical reallocation of labor from agriculture to manufacturing in the United States has: A. been inflationary.B. had no effect on the average productivity of labor.C. increased the average productivity of labor.D. reduced the average productivity of labor.14. The actual multiplier effect in the U.S. economy is less than the multiplier effect in the text examples because: A. the real-world MPS is larger than the MPS in the examples.B. in addition to saving, households use some of any increase in income to buy imported goods and to pay additional taxes.C. the gap between the nominal interest rate and the real interest rate widens as the economy expands or contracts.D. the MPC in the United States is greater than 1. 15. A private closed economy will expand when: A. actual GDP is less than potential GDP.B. unplanned decreases in inventories occur.C. aggregate expenditures are less than GDP.D. unplanned increases in inventories occur.19. Most economists agree that the immediate determinant of the volume of output and employment is the: A. composition of consumer spending.B. ratio of public goods to private goods production.C. level of total spending.D. size of the labor force.

Hi, need to submit a 3000 words essay on the topic Land Rover and its Business System.

Now finally the Land Rover is working under the hands of Tata Motors from 2008. (Land Rover confirms grant offer to build a new model, March 2009) (Land Rover Company Profile, April 2009).

At present, the company is all set to start its revolutionary project of making the smallest, lightest and most fuel-efficient car that Land Rover has ever built, based on the LRX concept vehicle displayed in the auto show at Detroit last year. The project has got the grand welcome by the UK government by a stimulus package of £27 million in the month of April, as a support to the UK auto industry whose sales has gone down by 30% in the second half of 2008 and as per the analysis report the situation yet takes some more time to get back to the same level. Phil Popham, the managing director of Land Rover, said: “At the moment we are planning on the assumption that it will be a couple of years before the industry starts to improve drastically, and maybe five years before returning to the pre-credit crunch trends we were seeing globally in the motor industry.” (Arnott S., April 2009).

The project is going to cost around £400 million and is to be started by the year-end in Halewood, on Merseyside. The project is primarily taken up due to the shift of the global auto industry towards green cars to check the global warming and also is a part of raising efforts towards making more fuel efficient and cost effective cars. The prevailing economic recession which has made consumers more cautious about their spending and other related factors have driven the demand for lighter, relatively low priced, fuel efficient and environmentally friendly cars. Under European law, automakers have to cut carbon emission of new vehicles by 19% within a period of five years (Arnott S., April 2009). But, Jaguar-Land Rover under sustainability programme is expecting to cut the same by 25%.&nbsp.The parent company of Land Rover has already taken the initiative to make the world’s lowest cost car “Nano” (Scanlon J., March 2009).