This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Bill's disposable income goes from 100,000 in 2010 to 200,000 in 2011, and his consumption spending ... (Read 33 times)

ec501234

  • Hero Member
  • *****
  • Posts: 573
on: Jun 30, 2018
Bill's disposable income goes from 100,000 in 2010 to 200,000 in 2011, and his consumption spending goes from 80,000 in 2010 to 140,000 in 2011 . Which of the following statements about Bill is true?
 a. Bill's MPC rose between 2010 and 2011.
  b. Bill's MPC is equal to 0.7.
 c. Bill's MPC is equal to 0.6.
 d. Both (a) and (b) are true.

Question 2

Higher taxes affect real GDP indirectly through both the consumption channel and the output supply channel.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

tofugiraffe

  • Sr. Member
  • ****
  • Posts: 319
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

True


ec501234

  • Member
  • Posts: 573
Reply 2 on: Jun 30, 2018
Excellent

momolu

  • Member
  • Posts: 320
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Administering a Disposable Enema Administering a Disposable Enema
Ten Leading Causes of Death in the World, 2011 Ten Leading Causes of Death in the World, 2011
Major Agricultural Crops Produced in the United States, 2011 Major Agricultural Crops Produced in the United States, 2011
Real Price of Oil, 1861–2010 Real Price of Oil, 1861–2010
Simultaneous Determination of Income and Modernization Simultaneous Determination of Income and Modernization
Saving Rate by Decile of Income per Capita Saving Rate by Decile of Income per Capita
Video: Stress and Immune System Animation

For a complete list of videos, visit our video library