If the marginal propensity to import is ________, then a 2 ...

[tatyanajohnson]

If the marginal propensity to import is ________, then a 2 trillion increase in disposable income would increase import expenditure by 0.2 trillion.
 
  If the marginal propensity to import is ________, then a 2 trillion increase in disposable income would increase import expenditure by 0.6 trillion.
  A) 0.1; 0.3 B) 0.6; 2.0 C) 0.2; 0.6 D) 1.0; 3.0 E) 0.3; 0.1

Question 2

The United States switched from being a ________ to being a ________ in the early 1980s, when it started to run large current account ________.
 
  A) net lender; net borrower; deficits
  B) net borrower; net lender; deficits
  C) net borrower; net lender; surpluses
  D) debtor nation; creditor nation; deficits
  E) net lender; net borrower; surpluses

[CourtneyCNorton]

Answer to Question 1

A

Answer to Question 2

A