Author Question: If your disposable personal income increases from 40,000 to 48,000 and your consumption increases ... (Read 224 times)

chads108 · **on:** Jun 30, 2018

If your disposable personal income increases from 40,000 to 48,000 and your consumption increases from 35,000 to 39,000 . your marginal propensity to consume (MPC) is:
a. 0.20.
b. 0.40.
c. 0.50.
d. 0.80.
e. 1.00.

Question 2

If the federal government has a budget surplus, then the national debt is:
a. reduced.
b. fully repaid.
c. negative.
d. interest-free.