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Author Question: The sacrifices made by societies in order to engage in military spending represent A) the real ... (Read 185 times)

kshipps

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on: Jun 30, 2018
The sacrifices made by societies in order to engage in military spending represent
 
  A) the real costs of military spending. B) the excessive costs of military spending.
  C) the nominal costs of military spending. D) the opportunity costs of military spending.

Question 2

If the MPC equals 0.75, then
 
  A) for every 100 increase in consumption, real Gross Domestic Product (GDP) increases by 75.
  B) for every 100 increase in real Gross Domestic Product (GDP), saving increases by 25.
  C) consumption is always more than real Gross Domestic Product (GDP).
  D) for every 100 increase in real Gross Domestic Product (GDP), saving increases by 75.
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
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essyface1

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Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

B


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